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Featured local agent — Spokane Valley, WA
Sarah Mitchell
Compass Real Estate · Spokane Valley, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Spokane Valley, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$435,000median sale price
How is the Spokane Valley, WA housing market right now?
The median home sale price in Spokane Valley, WA is $435,000, up 1.2% year-over-year. Homes sell in an average of 12 days with 237 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 Valley a buyer's or seller's market?
Spokane Valley, WA is currently a strong seller's market, based on 2.7 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
87
Last 12 weeks
Days on market
12
Fast-moving
Active listings
237
2.7 months supply
Sale-to-list
100.5%
Above asking
What does the Spokane Valley housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $435,000 |
| Median list price | $450,000 |
| Year-over-year price change | +1.2% |
| Average days on market | 12 days |
| Active inventory | 237 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 100.5% |
| Median price per sq ft | $217/sq ft |
| Homes sold (latest month) | 87 |
| New listings (latest month) | 152 |
| Listings with a price cut | 38.0% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Spokane Valley by property type?
How the Spokane Valley, 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 | $435,000 | $222/sq ft | 81 | 14 days |
| Condo / Co-op | $173,000 | $157/sq ft | 1 | 26 days |
Source: Redfin · Updated monthly
The Spokane Valley housing market is currently classified as a strong seller's market with a median sale price of $435,000. Prices have risen 1.2% compared to last year, with homes spending an average of 12 days on market, indicating 2.7 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 5.9x provides context for how home values compare to local earning capacity.
Homes for sale in Spokane Valley
There are currently 237 homes listed for sale in Spokane Valley, Washington. The median listing price is $450K.
Active listings
237
Homes on market
Median list price
$450K
Avg. days on market
12
Days until sale
New this week
152
Newly listed
Who lives in Spokane Valley?
Population
105,460
Median income
$70,722/yr
Median age
37.6 years
Owner-occupied
57.5%
College grads
24.8%
Avg commute
20.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Spokane Valley?
Zillow home value
$417,512
Zillow rent index
$1,549/mo
Price-to-rent ratio
22.5x
Price-to-income
5.9x
Source: Zillow Research
What is it like to live in Spokane Valley?
Spokane Valley is a community of approximately 105K residents with a median age of 37.6 years.The median household income is $70,722, which represents a working-class community with solid middle-income opportunities. 24.8% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 57.5%, showing a blend of owner and renter-occupied properties. The average commute time is 20.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Spokane Valley offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Spokane Valley?
35 schools tracked · 14,439 students
The largest public schools serving Spokane Valley, 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.
University High School
Grades 9-12 · 1,395 students
Central Valley High School
Grades 9-12 · 1,336 students
East Valley High School
Grades 9-12 · 926 students
Sunrise Elementary
Grades PK-5 · 657 students
Evergreen Middle School
Grades 6-8 · 636 students
Opportunity Elementary
Grades PK-5 · 618 students
Greenacres Elementary
Grades K-5 · 614 students
Riverbend Elementary School
Grades K-5 · 602 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 Valley, WA?
Want a head-to-head view? Compare Spokane Valley side-by-side with any other U.S. city using our market-comparison tool.
Is Spokane Valley a good real estate investment market?
For investors evaluating Spokane Valley, the price-to-rent ratio of 22.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 1.2% 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 Valley's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Spokane Valley's median home price.
Frequently asked questions
What is the average home price in Spokane Valley?
The median home sale price in Spokane Valley is $435,000, up 1.2% from last year.
How long do homes stay on market in Spokane Valley?
Homes typically spend 12 days on market before going under contract.
What is the median income in Spokane Valley?
The median household income is $70,722 per year.
Is Spokane Valley a buyer's or seller's market?
With 2.7 months of supply, Spokane Valley is currently a strong seller's market.
What is the Zillow home value estimate for Spokane Valley?
The Zillow Home Value Index (ZHVI) for Spokane Valley is $417,512, representing the typical home value in the area.
What is the median condo price in Spokane Valley?
The median condo/co-op sale price in Spokane Valley, WA is $173,000, compared to $435,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Spokane Valley?
The median single-family home price in Spokane Valley, WA is $435,000 (about $222 per square foot).
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