Why Live in Five Mile Prairie
Five Mile Prairie, located 7 miles from Downtown Spokane, is a growing neighborhood known for its highly rated Mead School District, which includes Prairie View Elementary School, Northwood Middle School, and Mead Senior High School. The area is characterized by new residential developments, including minimal traditional homes, Craftsman-inspired bungalows, and a newly constructed apartment complex. Positioned on a bluff, many homes offer spectacular views. The neighborhood experiences 18 inches of rain and 39 inches of snow annually, with homeowners often using sump pumps to manage groundwater. Crime rates in Five Mile Prairie are lower than the national average.
Residents rely on cars for transportation, with Route 291 connecting to Route 395 and Route 2, and Spokane International Airport just 12 miles away. Biking lanes are available on North 5 Mile Road and West Strong Road, though public transit options are limited. Dining options include Cascadia Public House, known for its local ingredients and craft beers, and Spokanite Brewing, where patrons can bring their own food. Shopping needs are met at NorthTown Mall and centers along North Division Street, with additional options at a strip mall on West Francis Avenue.
Sky Prairie Park serves as the neighborhood's central community space, featuring biking and walking trails, playgrounds, tennis courts, and a skate park. The park is popular for picnics, birthdays, and summer camps. The Five Mile Prairie Neighborhood Association and the Five Mile Prairie Grange organize various community events, such as free movies in the park and Pie Night. The neighborhood also includes several churches, providing options for religious services.
Home Trends in Five Mile Prairie, WA
On average, homes in Five Mile Prairie, Spokane sell after 36 days on the market compared to the national average of 51 days. The median sale price for homes in Five Mile Prairie, Spokane over the last 12 months is $535,390, down 6% from the median home sale price over the previous 12 months.
Median Sale Price
$535,390
Median Single Family Sale Price
$547,597
Median 2 Bedroom Sale Price
$227,500
Median 1 Bedroom Sale Price
$180,000
Average Price Per Sq Ft
$247
Number of Homes for Sale
42
Last 12 months Home Sales
197
Median List Price
$549,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-6%