New - 4 days on Rocket
Joseph Pedro, Listing Office: Kelly Right Real Estate of Spokane
Nine Mile Falls Housing Market Report December 2024•Spokane County, Washington
Housing Prices in Nine Mile Falls, WA
How much do homes in Nine Mile Falls, WA cost?
Housing Market Conditions
Is Nine Mile Falls, WA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Nine Mile Falls is a Neutral Market
Difference Since December 2023
At the same time last year, Nine Mile Falls was a Seller's Market.
Insight
Nine Mile Falls is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$616,000$227/SqFt
+$16,100
+2.7%
Based on all homes sold in the last 12 months
Insight
Homes in Nine Mile Falls have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Nine Mile Falls was $616,000 in December 2024, up 2.7% from last year, and the median price per square foot was $227.
Median Sold Price By Bedrooms
| Beds | Dec 2023 | Dec 2024 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $570K | N/A |
| 22 Bedrooms | $385K | $530K | +37.7% |
| 33 Bedrooms | $596K | $536K | -10.1% |
| 44 Bedrooms | $570K | $611K | +7.2% |
| 55+ Bedrooms | $606.5K | $717.4K | +18.3% |
Summary: Nine Mile Falls housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +37.7%. The home price for 3 bedroom homes decreased by -10.1%. The home price for 4 bedroom homes increased by +7.2%. The home price for 5 bedroom homes increased by +18.3%.
Housing supply in Nine Mile Falls, WA
How many homes are available in Nine Mile Falls, WA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 35Last MonthDec 2024 | ||
| 392 months agoNov 2024 | -10.3 % Change MoMNov – Dec |
Summary: The Nine Mile Falls real estate market had 35 homes for sale in Dec 2024, a 10.3 % decrease compared to Nov 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 5Last MonthDec 2024 | ||
| 62 months agoNov 2024 | -16.7 % Change MoMNov – Dec |
Homes For Sale By Bedroom Count
| Beds | Nov 2024 | Dec 2024 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 1 | 1 | 0.0% |
| 33 Bedrooms | 5 | 4 | -20.0% |
| 44 Bedrooms | 19 | 16 | -15.8% |
| 55+ Bedrooms | 14 | 14 | 0.0% |
Summary: Nine Mile Falls housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -20.0%. The inventory for 4 bedroom homes decreased by -15.8%. The inventory for 5 bedroom homes remained the same.
Asking Price vs. Sold Price
How much do homes in Nine Mile Falls, WA cost?
Over Asking Price2 Homes
At Asking Price2 Homes
Under Asking Price1 Home
Insight
If you're buying a home in Nine Mile Falls, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Nine Mile Falls in December 2024, down by 16.7% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and and 40% were sold over asking.
Days on Market for Nine Mile Falls, WA
How long does it take to sell a home in Nine Mile Falls, WA?
Breakdown of Home Sale Times
Under 30 Days4 Homes
30 – 90 Days1 Home
Over 90 Days0 Home
Insight
Many homes in Nine Mile Falls are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 5 homes were sold in Nine Mile Falls; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 14 DaysThis YearDec 2024 | ||
| 49 Days1 year agoDec 2023 | -71.6 % Change YoYDec 2023 – Dec 2024 |
Summary: Homes in Nine Mile Falls had an average listing age of 14 days in Dec 2024, down by 71.6% compared to the previous year.
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Newest Listings in Nine Mile Falls, WA
What homes are available in Nine Mile Falls, WA?
New - 4 days on Rocket
Kevin McKee, Listing Office: EXIT Real Estate Professionals
New - 4 days on Rocket
Cambria Henry, Listing Office: Haven Real Estate Group
New - 5 days on Rocket
COLTON VINING, Listing Office: CENTURY 21, Kelly Davis
New - 5 days on Rocket
$8,016 Closing Credit¹
John Leland, Listing Office: Upward Advisors
New - 6 days on Rocket
$9,025 Closing Credit¹
Lara McHenry, Listing Office: Coldwell Banker Tomlinson
Backup offers
$10,000 Closing Credit¹
Jim Powers, Listing Office: CENTURY 21 Beutler & Associates
Nick Salzwedel, Listing Office: Amplify Real Estate Services
$10,000 Closing Credit¹
Cynthia Robison, Listing Office: eXp Realty, LLC Branch
Chelsey Graves, Listing Office: Coldwell Banker Tomlinson
$5,047 Closing Credit¹
Diana Stuart, Listing Office: M J McAdams Realty
$5,641 Closing Credit¹
Chelsey Graves, Listing Office: Coldwell Banker Tomlinson
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MLS Disclaimers and Copyright
Based on information from Spokane Association of REALTORS® MLS, and Northeast Washington Association of Realtors MLS for the period 01/01/2023 - 01/01/2025
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:10:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
All listings are from Northeast Washington Association of REALTORS® Multiple Listing Service. All information provided is deemed reliable but is not guaranteed and should be independently verified. No reproduction, distribution, or transmission of the information at this site is permitted without the written permission from the MLS Participant. Some properties which appear for sale on this website may subsequently have sold or may no longer be available. Copyright © 2025 Northeast Washington Association of Realtors MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.