Real Estate Market Report - Spangle, WA (Apr, 2024)

The first set of data shows that the median sale/list price in April, May, July, October, and November 2023 was $325,000, with a significant increase to $510,000 in June and a peak of $674,950 in February 2024 before dropping to $299,000 in March. The second set of data shows a more varied trend with a low of $145,000 in May 2023 and a high of $1,420,000 in August 2023, with a gradual increase in January and March 2024 to $330,000 and $370,000, respectively.

The median sale price to list price ratio was 1.0 in April and May 2023, indicating that homes were selling for their listing price. However, by August 2023, the ratio had dropped to 0.95, meaning homes were selling for slightly below their listed price. The ratio had risen slightly to 0.992 by September 2023 but dropped again to 0.952 in January 2024 and to 0.937 in March 2024.

The first set of data shows that the highest number of properties sold/listed was in July 2023 with a count of 12, followed by April 2023 and November 2023 with a count of 9 each. The lowest number of properties sold/listed was in June 2023, September 2023, and February 2024 with a count of 2 each. The second set of data shows that the highest number of properties sold/listed was in September 2023 with a count of 4, followed by April 2023 and January 2024 with a count of 2 each. The lowest number of properties sold/listed was in May 2023 and August 2023 with a count of 1 each.

The median days on market for properties fluctuated throughout the recorded period, with a high of 134 days in January 2024 and a low of 35 days in March 2024. The median days on market was 56.5 days in April 2023 and dropped significantly to 40 days in May 2023 before increasing again to 118 days in August 2023 and 106 days in September 2023.