Home Values

Liberty Lake Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$268,800

  • 5.9% 1-year change
  • 3.6% 1-year forecast

The median home value in Liberty Lake is $268,800. Liberty Lake home values have gone up 5.9% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in Liberty Lake is $144, which is higher than the Spokane Metro average of $123. The median price of homes currently listed in Liberty Lake is $299,900 while the median price of homes that sold is $314,615. The median rent price in Liberty Lake is $1,295, which is higher than the Spokane Metro median of $810.

Foreclosures will be a factor impacting home values in the next several years. In Liberty Lake 6.4 homes are foreclosed (per 10,000). This is lower than the Spokane Metro value of 6.7 and also greater than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Liberty Lake is 5.0%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Liberty Lake homeowners underwater on their mortgage is 17.1%, which is lower than Spokane Metro at 19.0%.

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Relative ZHVI
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Liberty Lake Market Overview

Data through Dec 31, 2014
  • $268,800 ZHVI
  • 3.6% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $299,900 Median listing price
  • $314,615 Median sale price
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Liberty Lake Market Health

Data through Dec 31, 2014
  • 6.4/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 17.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 5.0% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

6.4 homes Liberty Lake
6.7 homes Spokane Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Valleyford $315,100
Mead $224,500
Newman Lake $206,200
Name Median ZHVI
Otis Orchards-East Farms $199,500
City of Spokane Valley $163,400
Millwood $142,900

Listings & Sales

Data through Dec 31, 2014
  • $144 Median list price / sq ft
  • $143 Median sale price / sq ft
  • 16.3% Listings with price cut
24.9%
Sold below listing
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Liberty Lake Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,435 Liberty Lake
    $1,139 Spokane Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,295 Rent list price (Nov 30, 2014)
  • $0.79 Rent list price / sq ft (Nov 30, 2014)
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