Best Time to Sell a House in Spokane, WA

Seller’s Market Insights

Spokane County, WA consistently operates as a seller’s market. In December 2023, the demand from buyers exceeded the available housing inventory, granting sellers a negotiation advantage. Read below to find out the best time to sell a house in Spokane. Key statistics include:

• Median Listing Home Price: In Spokane County, the median listing home price stood at an impressive $478,000, reflecting an 8.6% year-over-year increase.
• Sale-to-List Price Ratio: Homes in Spokane County were selling close to the asking price on average, with an impressive 99.4% sale-to-list price ratio.
• Market Duration: Homes spent an average of 30 days on the market, providing valuable insights into the timeliness of sales.

Ideal Months for Selling

To achieve a swift sale, leverage Spokane’s peak buying season. Here are the optimal months:

1. Summer Months (June & July):
   • Ideal Timing: June and July are prime months for selling your home in Spokane. During the peak summer season, more people are willing to move.
   • Higher Prices: In June, the average sales price is 9.17% above Spokane’s all-time average. Buyers are willing to pay a premium during this time.
   • Faster Sales: Homes listed in July sell faster, with an average of 12 days less on the market compared to Spokane’s historical averages.
2. Winter Advantage (December):
   • Unique Opportunity: The winter season provides sellers in Spokane with a distinct advantage. Fewer sellers compete in Spokane’s steady seller’s market during December.
   • Increased Prices: December’s average sales price is 9.45% above the all-time average in Spokane.
   • Quick Turnaround: Homes listed in December also sell faster, with an average of 14 days less on the market compared to Spokane’s historical averages.

Preparing Your Home for Sale

Follow these steps to maximize your home’s appeal:

1. Curb Appeal: Enhance your home’s curb appeal by maintaining the lawn, trimming bushes, and adding fresh flowers or plants near the entrance.
2. Declutter and Depersonalize: Remove excess furniture, personal items, and family photos. Buyers want to envision themselves in the space.
3. Minor Repairs: Address minor issues like leaky faucets, loose doorknobs, or cracked tiles. A well-maintained home attracts more buyers.
4. Staging: Consider professional staging to showcase your home’s best features. Neutral colors and tasteful decor can make a difference.
5. Professional Photography: High-quality photos are essential for online listings. Hire a professional photographer to capture your home’s beauty.

Pricing Strategy

Collaborate closely with a real estate agent to determine the optimal listing price. Overpricing can deter buyers, while underpricing may lead to missed opportunities. Finding the right balance is crucial for a successful sale.

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