Is Veradale, 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, Veradale has remained a Seller's Market.
Key Takeaway
Veradale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Veradale, WA
How much do homes in Veradale, WA cost?
Median Sold Price
$511,250
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Veradale have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Veradale was $511,250 in April 2024, down 1.7% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $278K | N/A |
| 2 Bedrooms | $330K | $415K | +25.8% |
| 3 Bedrooms | $470K | $460.9K | -1.9% |
| 4 Bedrooms | $490K | $483.5K | -1.3% |
| 5+ Bedrooms | $654.9K | $585K | -10.7% |
Summary: Veradale 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 increased by 25.8%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Spokane Valley | $414.9K | $417.6K | +0.6% |
| Veradale | $520K | $511.2K | -1.7% |
| Greenacres | $560.3K | $495.1K | -11.6% |
Housing Supply in Veradale, WA
How many homes are available in Veradale, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 51 | 59 | +15.7% |
Summary: The Veradale real estate market had 59 homes for sale in April 2024, a 15.7% 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 | 18 | 19 | +5.6% |
| 4 Bedrooms | 16 | 19 | +18.8% |
| 5+ Bedrooms | 16 | 20 | +25.0% |
Summary: The Veradale 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 5.6%, 4 bedroom homes increased by 18.8%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Veradale, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Veradale in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Veradale, WA
How long does it take to sell a home in Veradale, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 26 Days | -27.6% |
Summary: Homes in Veradale had an average of 26 days on market in Apr 2024, down by 27.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Veradale are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 12 homes were sold in Veradale; 58% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.