Photo: Will Maupin · CC BY-SA 4.027 homes sold in Millwood in the last year, at a typical $403K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Millwood homes are listed.
Every place Millwood homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Millwood.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Millwood’s sales, at a typical $403K
27 homes sold in the year to April 2026.
typical sale · 27 sold in 12 months
- Per square foot
- $210WA $349
- Days to sell
- 35
- Sold over asking
- 19%
- Listings with a price cut
- 48%
About as many homes sell as usual, at 2.3 times the 2016 price
27 sales in the last year, against 40 in 2019 and a low of 23 in 2023. The typical sale went from $173K in 2016 to $403K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $400K buys in Millwood
Check a listing against what Millwood homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Millwood are rarer than before the pandemic, but a third fewer homes come up for sale
We read every month of Millwood’s home sales since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to April 2026, 27 sales.
If you’re buying in Millwood
- Shop in May. It brings about 4 new listings a month, close to the busiest month, with fewer bidding wars (23% over asking).
- You can negotiate. 44% of listings have cut their price, against 37% before the pandemic.
- Bid near asking. Buyers paid 98.4% of the list price on average; 19% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Spring brings the homes; fall brings the bidding wars
May has the most new listings (about 4 a month), but November is the most competitive: 52% of November sales close over asking. May has the least competition (23%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Washington
| Millwood now | 2017–19 | 2021 peak | WA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 19% | 41% | 50% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 47% | 35% | 59% | 40% |
| Listings with a price cutShare of homes for sale that cut their price | 44% | 37% | 56% | 30% |
| Price paid vs. askingAverage sale price ÷ list price | 98.4% | 100% | 102.7% | 99.2% |
| Days to sellMedian days from listing to contract | 35 | 51 | 14 | 33 |
3 homes for sale on a typical day
That’s 1.6 times the 2021 low (2), 35% fewer than in 2017–19 and well under 2016’s 8.
1 in 2 listings has cut its price
44% in the last year, against 37% in 2017–19 and 30% across Washington. More sellers are pricing high and coming down.
Source: Redfin Data Center, city market tracker, January 2016 to April 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Millwood home costs about $2,407 a month
Price: Millwood’s typical sale, last 12 months. Property tax at Millwood’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Millwood is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. January has the fewest, about 1.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $403K home, about $3,660 a year.
Taxes vs. neighborsSchools
The schools grade for Millwood, from test results, graduation and how much students grow.
Schools in MillwoodTypical commute
The average one-way trip to work for people who live in Millwood.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Spokane and Country Homes sell for less a square foot
The busier markets within 25 miles of Millwood, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Spokane | 2,910 | $372K | $203 | 31% | 29 |
| Spokane Valley | 1,030 | $422K | $211 | 30% | 33 |
| Liberty Lake | 329 | $513K | $251 | 19% | 46 |
| Mead | 61 | $512K | $217 | 31% | 46 |
| Country Homes | 54 | $452K | $192 | 24% | 52 |
| Otis Orchards-East Farms | 50 | $470K | $231 | 20% | 31 |
| Millwood | 27 | $403K | $210 | 19% | 35 |
Redfin Data Center, May 2025 to April 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Millwood, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Millwood. People who follow the town see it, and so do people comparing Millwood with their own town. No commission, no listing fee.
Questions about buying a home in Millwood
What do homes sell for in Millwood, WA?
27 homes sold in the year to April 2026 at a typical $403K, $210 a square foot.
Is Millwood a buyer’s or seller’s market?
A seller’s market: 1 homes were for sale in April 2026 and 4 sold, about 0.3 months of supply. Buyers paid 98.4% of asking on average, and 44% of listings cut their price.
When is the best time to buy in Millwood?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Millwood?
About 0.9% of a home’s value a year. On a $403K home that’s near $3,660.
Where can I see homes for sale in Millwood?
Zillow, Redfin, Realtor.com and Homes.com all carry Millwood’s MLS listings; the search links above open each one filtered to Millwood.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).