Seller’s market remains in Grant County
STAFF REPORT | Hagadone News Network | UPDATED 2 years, 4 months AGO
The market in Grant County for the month of June still appeared to favor sellers slightly over buyers according to a report from Rocket Homes. That may be good news for the owner of this property on South Marigold Street in Moses Lake. The single-family, three-bedroom home had been listed for 11 days on Redfin.com as of July 2 and had a listing price of $344,900.
R. HANS MILLER/COLUMBIA BASIN HERALD
MOSES LAKE — Grant County is still leaning in favor of home sellers, according to a report from Rocket Homes reviewing home sales for the month of June. While the market price was lower in Grant County than the state average, the market still favors the seller to some extent.
According to the report, there were 452 homes for sale in June, down from 459 the prior month. May saw 106 homes sold while June saw 82 homebuyers close on properties. Of those sold in June, 41.5% are reported as selling for below asking price.
The median selling price last month in the county was $346,500, up slightly from $344,700 in May. That is also a smidge of an increase year over year with an increase of 1% when compared to the same month in 2023.
Larger homes with four bedrooms saw a more marked increase in sale prices, going up about 5% compared to the year prior. The monthly comparison saw a median price of $408,000 in May to $420,000 in June.
Three-bedroom homes held fairly consistent in market value with May prices set at $338,500 and June pushing up to $338,900 median sale price.
Two-bedroom homes held fairly steady at about $243,000 in June, down marginally from $244,000 in May.
Of the homes sold in June, 23% were sold above asking price, 35% at asking price and 41% under asking price, according to the report.
Homes in Grant County were on the market an average of 55 days for June 2024, an increase from 46 days during the same month last year.
Among homes with more than one bedroom, two-bedroom houses appeared to be selling the fastest in May with an average of 32 days on the market. Data for June was not available through the Rocket Homes report for that size home.
Three-bedroom homes were on the market 54 days on average in June in Grant County, up from 51 days. Meanwhile, four-bedroom homes went from 50 days on the market to 69 days on average from May to June, respectively.
The state median home price for June 2024 was $574,900, well above that for Grant County. That’s an increase of about 4% from June of 2023 when the median price was $559,900.
Three-bedroom homes were selling for about 1% less than the prior year at $517,500. Data for other sizes of homes was not available at press time.
Average time on the market statewide was 49 days in June, down 20.6% from 62 days in June of last year.
Clarification: The listing service wherein the home in the associated photo was listed for 11 days is Redfin.com.
ARTICLES BY STAFF REPORT
Connell woman killed in Booker Road crash
CONNELL — Charges are pending against a Kennewick man following a collision about 12 miles south of Othello that killed a Connell woman and injured three other people Tuesday evening. A Washington State Patrol press memo said intoxicating substances were a factor. Jessica Zarate, 37, Connell, was pronounced dead at the scene of the crash near the intersection of SR 17 and South Booker Road, the WSP memo said. She was driving south on Booker Road approaching the intersection when her car was hit by a pickup driven by John Reiss, 62, Kennewick. Edgar Garcia Quirino, 28, Othello, was driving north on SR 17 and ran into Zarate's car, the WSP memo said. The crash occurred at about 6:40 p.m.
Wheeler Road closed because of traffic collision
UPDATE: The road was reopened as of noon, according to a GCSO media release. MOSES LAKE — Grant County Sheriff’s Office has announced there is a road closure between Road 3-NE and Road S-NE. There was a serious traffic collision. GCSO is asking for drivers to avoid the area and find alternative routes. This is a developing story and will be updated as more information becomes available.
Doors opening: The Currents will provide homeownership for more local workers
About 104 homes are planned at the former Atlas sawmill site
Teachers, nurses, firefighters and other workers who keep Coeur d’Alene running will soon have more places to buy a home in the community where they work. About 104 homes are being planned to be built at Atlas Waterfront, on roughly 10 acres that are part of a swath of land that was once home to the Atlas sawmill and is being redeveloped. Ignite CDA, the city of Coeur d’Alene’s urban renewal agency, is leading this effort.