Spokane - WA housing market
The Spokane metro has a typical home value of $425,178, up 0.2% from a year ago. Homes are moving fast at 16 days on market, a strong seller's market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($425,178) is the Zillow Home Value Index for the Spokane - WA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 0.2% over the past year. In Spokane - WA, that means a home worth $424,329 last year is now worth roughly $425,178.
The median sale price , what homes actually close for , is $407,590. Homes are selling at 99.4% of list price, meaning buyers have room to negotiate.
Homes listed in Spokane - WA sit on the market for roughly 16 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 939 new listings hit the market each month in Spokane - WA. There are currently 2,654 homes for sale, up 15.7% from a year ago.
The typical monthly rent in Spokane - WA is $1,547, up 2.1% year over year. For investors, the price-to-rent ratio here is roughly 23x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in WA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Seattle - WA | $745,263 | -1.8% | 12.0d |
| Kennewick - WA | $443,018 | +0.1% | 17.0d |
| Olympia - WA | $533,819 | +0.3% | 14.0d |
| Bremerton - WA | $588,433 | +1.4% | 10.0d |
| Yakima - WA | $357,811 | +1.6% | 20.0d |