Is Newman Lake, WA 99025 a buyer’s or seller’s market?

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

Newman Lake is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8.3Under 4 months = seller’s market
Sold above original list20%Share of sales, last 3 months
Median sale-to-list97.6%Sold price ÷ list price
Median days on market32Listing to accepted offer
Median price per sq ft$251▼ −13.3% vs. last year

The Newman Lake housing market right now

In the three months ending August 31, 2026, 20% of homes in Newman Lake, WA 99025 sold above their list price, the typical home went under contract in 32 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 33%, homes sold more slowly (26 days then) and the median sale price rose 21% to $784,411. Overall, Newman Lake is less competitive than a year ago, which gives buyers more room.

Within Spokane County, homes here sell more slowly than in 53% of the county’s ZIP codes, and sell less often over asking than in 66%.

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 Newman Lake is

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Questions about Newman Lake real estate

Is Newman Lake a buyer’s or seller’s market?

A buyer’s market: there were 8.3 months of supply in Newman Lake, WA 99025 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 Newman Lake?

The typical home went under contract in 32 days in the latest three months.

Do homes in Newman Lake sell over asking?

20% of homes sold above their original list price, and the typical sale closed at 97.6% of the list price.

What are property taxes in Newman Lake?

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 Newman Lake?

The median sale price was $784,411 in the three months ending August 31, 2026, about $251 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