Spokane - WA housing market
The Spokane metro has a typical home value of $421,901, up 0.4% from a year ago. Homes sell in 23 days on average - a balanced market. 23% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($421,901) 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 0.4% over the past year. In Spokane - WA, that means a home worth $420,220 last year is now worth roughly $421,901.
The median sale price , what homes actually close for , is $402,165. Homes are selling at 98.9% of list price, meaning buyers have room to negotiate.
Homes listed in Spokane - WA sit on the market for roughly 23 days before going pending. Shorter = seller's market; longer = buyer's market.
About 22.8% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 738 new listings hit the market each month in Spokane - WA. There are currently 2,067 homes for sale, up 22.7% from a year ago.
The typical monthly rent in Spokane - WA is $1,536, up 1.2% 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 | $755,116 | -1.9% | 9.0d |
| Kennewick - WA | $441,609 | +-0.0% | 24.0d |
| Olympia - WA | $532,620 | +0.4% | 13.0d |
| Bremerton - WA | $584,472 | +1.8% | 9.0d |
| Yakima - WA | $353,708 | +2.0% | 33.0d |