Is Liberty Lake, 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, Liberty Lake has remained a Seller's Market.
Housing Prices in Liberty Lake, WA
How much do homes in Liberty Lake, WA cost?
Median Sold Price
$547,530
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Liberty Lake was $547,530 in April 2024, up 3.2% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $259K | $249K | -3.9% |
2 Bedrooms | $428K | $430K | 0.5% |
3 Bedrooms | $499.9K | $495K | -1.0% |
4 Bedrooms | $617.9K | $595.8K | -3.6% |
5+ Bedrooms | $748K | $744.5K | -0.5% |
Summary: Liberty Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 0.5%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 0.5%.
Median Sold Price Compared To Nearby Cities
Liberty Lake | $530.5K | $547.5K | +3.2% |
Greenacres | $560.3K | $495.1K | -11.6% |
Housing Supply in Liberty Lake, WA
How many homes are available in Liberty Lake, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
95 | 102 | +7.4% |
Summary: The Liberty Lake real estate market had 102 homes for sale in April 2024, a 7.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 10 | 11 | +10.0% |
3 Bedrooms | 30 | 28 | -6.7% |
4 Bedrooms | 41 | 39 | -4.9% |
5+ Bedrooms | 9 | 20 | +122.2% |
Summary: The Liberty Lake housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes increased by 122.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 21 | -27.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Liberty Lake in April 2024, down by 27.6% month-over-month. Of the 21 sold homes, 24% were sold under asking, 33% were sold at asking, and 43% were sold over asking.
Days on Market for Liberty Lake, WA
How long does it take to sell a home in Liberty Lake, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 35 Days | -2.4% |
Summary: Homes in Liberty Lake had an average of 35 days on market in Apr 2024, down by 2.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 21 homes were sold in Liberty Lake; 62% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.