Is Millwood, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Millwood has remained a Seller's Market.
Housing Prices in Millwood, WA
How much do homes in Millwood, WA cost?
Median Sold Price
$373,500
$172/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Millwood was $373,500 in April 2024, up 4.6% from last year, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $295K | $285K | -3.4% |
3 Bedrooms | $345K | $397.5K | +15.2% |
4 Bedrooms | $426.2K | $380K | -10.9% |
5+ Bedrooms | $400K | $315K | -21.3% |
Summary: Millwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 15.2%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Cities
Millwood | $357K | $373.5K | +4.6% |
Spokane Valley | $414.9K | $417.6K | +0.6% |
Housing Supply in Millwood, WA
How many homes are available in Millwood, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 7 | +40.0% |
Summary: The Millwood real estate market had 7 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 0 | 2 | +100.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Millwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Millwood in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Millwood, WA
How long does it take to sell a home in Millwood, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
6 Days | 28 Days | +375.0% |
Summary: Homes in Millwood had an average of 28 days on market in Apr 2024, up by 375% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Millwood; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.