Is Greenacres, WA 99016 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Greenacres is a seller’s market. With about 3.6 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score52/ 100

More competitive than 53% of U.S. ZIP codes, and #185 of 298 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.6Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list99.5%Sold price ÷ list price
Median days on market39Listing to accepted offer
Median price per sq ft$263▲ +3.1% vs. last year

The Greenacres housing market right now

In the three months ending August 31, 2026, 20% of homes in Greenacres, WA 99016 sold above their list price, the typical home went under contract in 39 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 77 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold more slowly (32 days then) and the median sale price fell 12% to $459,751. Overall, Greenacres is about as competitive as it was a year ago.

Within Spokane County, homes here sell more slowly than in 69% of the county’s ZIP codes, and sell less often over asking than in 66%. On our competition score, Greenacres ranks #185 of 298 WA ZIP codes with enough sales (score 52 out of 100).

Nearby, buyers who want less competition could look at Valleyford 99036 (0% sold over asking) or Mica 99023 (0% sold over asking), while Fairfield 99012 (50% sold over asking) and Airway Heights 99001 (36% sold over asking) are even more competitive.

Nearby markets

Airway Heights 99001Seller’s market $233 /sq ftChattaroy 99003Seller’s market $246 /sq ftCheney 99004Seller’s market $233 /sq ftColbert 99005Balanced $216 /sq ft Browse all markets →

Where Greenacres is

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Questions about Greenacres real estate

Is Greenacres a buyer’s or seller’s market?

A seller’s market: there were 3.6 months of supply in Greenacres, WA 99016 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Greenacres?

The typical home went under contract in 39 days in the latest three months.

Do homes in Greenacres sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.

What are property taxes in Greenacres?

About 0.84% of a home’s value a year in Spokane County, or roughly $3,360 on a $400,000 home.

What is the median home price in Greenacres?

The median sale price was $459,751 in the three months ending August 31, 2026, about $263 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology