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Featured local agent — Spokane, WA
Sarah Mitchell
Compass Real Estate · Spokane, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spokane, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$393,000median sale price
How is the Spokane, WA housing market right now?
The median home sale price in Spokane, WA is $393,000, up 1.0% year-over-year. Homes sell in an average of 13 days with 726 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Spokane a buyer's or seller's market?
Spokane, WA is currently a strong seller's market, based on 2.9 months of supply and homes selling in about 13 days. How we determine this →
Homes sold
252
Last 12 weeks
Days on market
13
Fast-moving
Active listings
726
2.9 months supply
Sale-to-list
100.6%
Above asking
What does the Spokane housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $393,000 |
| Median list price | $389,900 |
| Year-over-year price change | +1.0% |
| Average days on market | 13 days |
| Active inventory | 726 listings |
| Months of supply | 2.9 months |
| Sale-to-list price ratio | 100.6% |
| Median price per sq ft | $199/sq ft |
| Homes sold (latest month) | 252 |
| New listings (latest month) | 453 |
| Listings with a price cut | 41.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Spokane by property type?
How the Spokane, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $394,000 | $198/sq ft | 240 | 12 days |
| Condo / Co-op | $244,500 | $255/sq ft | 4 | 33 days |
| Townhouse | $248,000 | $250/sq ft | 1 | 83 days |
Source: Redfin · Updated monthly
The Spokane housing market is currently classified as a strong seller's market with a median sale price of $393,000. Prices have risen 1.0% compared to last year, with homes spending an average of 13 days on market, indicating 2.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.1x provides context for how home values compare to local earning capacity.
Homes for sale in Spokane
There are currently 726 homes listed for sale in Spokane, Washington. The median listing price is $390K.
Active listings
726
Homes on market
Median list price
$390K
Avg. days on market
13
Days until sale
New this week
453
Newly listed
Who lives in Spokane?
Population
229,228
Median income
$65,745/yr
Median age
37.2 years
Owner-occupied
58.3%
College grads
32.6%
Avg commute
21.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Spokane?
Zillow home value
$403,557
Zillow rent index
$1,498/mo
Price-to-rent ratio
22.4x
Price-to-income
6.1x
Source: Zillow Research
What is it like to live in Spokane?
Spokane is a community of approximately 229K residents with a median age of 37.2 years.The median household income is $65,745, which represents a working-class community with solid middle-income opportunities. 32.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.3%, showing a blend of owner and renter-occupied properties. The average commute time is 21.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spokane offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Spokane?
50 schools tracked · 32,185 students
The largest public schools serving Spokane, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Mead Senior High School
Grades 9-12 · 1,805 students
Ferris High School
Grades 9-12 · 1,674 students
Lewis & Clark High School
Grades 9-12 · 1,672 students
North Central High School
Grades 6-12 · 1,624 students
Rogers High School
Grades 9-12 · 1,511 students
Shadle Park High School
Grades 9-12 · 1,423 students
Sacajawea Middle School
Grades 6-8 · 985 students
West Valley High School
Grades 9-12 · 821 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Spokane, WA?
Want a head-to-head view? Compare Spokane side-by-side with any other U.S. city using our market-comparison tool.
Is Spokane a good real estate investment market?
For investors evaluating Spokane, the price-to-rent ratio of 22.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 1.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Spokane's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Spokane's median home price.
Frequently asked questions
What is the average home price in Spokane?
The median home sale price in Spokane is $393,000, up 1.0% from last year.
How long do homes stay on market in Spokane?
Homes typically spend 13 days on market before going under contract.
What is the median income in Spokane?
The median household income is $65,745 per year.
Is Spokane a buyer's or seller's market?
With 2.9 months of supply, Spokane is currently a strong seller's market.
What is the Zillow home value estimate for Spokane?
The Zillow Home Value Index (ZHVI) for Spokane is $403,557, representing the typical home value in the area.
What is the median condo price in Spokane?
The median condo/co-op sale price in Spokane, WA is $244,500, compared to $394,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Spokane?
The median single-family home price in Spokane, WA is $394,000 (about $198 per square foot).
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