What is the typical home value in Spokane - WA?

The typical home in Spokane - WA, WA is worth $424,976 as of the most recent Zillow Home Value Index reading. Year over year the value has changed by +0.2%.

How long do homes stay on the market in Spokane - WA?

The median days to pending (time on market before a sale) in Spokane - WA is currently 21 days. Shorter days on market indicate a seller's market; longer days indicate more buyer leverage.

Are sellers cutting prices in Spokane - WA?

30.2% of active listings in Spokane - WA have had a price reduction. This is a signal of softening seller expectations relative to buyer demand.

Is it cheaper to rent or buy in Spokane - WA?

The price-to-rent ratio in Spokane - WA is 22.8x (typical home value divided by a year of typical rent), which puts it in renting territory on the Rent vs Buy Index. Typical rent is $1,552 a month versus a principal-and-interest mortgage payment of about $2,185 on the typical home at 6.66% with 20% down.

Is Spokane - WA a buyer's or seller's market?

Based on days-on-market, price-cut share, and year-over-year appreciation, Spokane - WA is currently a balanced market. Buyers should watch days-on-market and price-cut trends monthly.

Spokane - WA Housing Market | Home Values & Trends

How to read this data

The typical home value ($424,976) 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 $424,128 last year is now worth roughly $424,976.

The median sale price, what homes actually close for, is $409,106. Homes are selling at 99.7% of list price, meaning buyers have room to negotiate.

Homes listed in Spokane - WA sit on the market for roughly 21 days before going pending. Shorter = seller's market; longer = buyer's market.

About 30.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 916 new listings hit the market each month in Spokane - WA. There are currently 2,883 homes for sale, up 14.3% from a year ago.

The typical monthly rent in Spokane - WA is $1,552, up 3.0% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 22.8x, renting territory (#28 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.66% 30-year rate, runs about $2,185 a month in principal and interest, $633 more than renting before taxes, insurance and upkeep. The two break even at a 3.63% rate.

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.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt September 2026. Methodology →

Other metros in WA

Metro	Home value	1-yr change	Days on market
Seattle - WA	$740,579	-1.6%	17.0d
Kennewick - WA	$442,889	+0.3%	20.0d
Olympia - WA	$532,102	+0.3%	18.0d
Bremerton - WA	$589,257	+1.3%	11.0d
Yakima - WA	$358,231	+1.2%	25.0d

Metro

Home value

1-yr change

Days on market

Seattle - WA

$740,579

-1.6%

17.0d

Kennewick - WA

$442,889

+0.3%

20.0d