Are Spokane Homes Selling Fast in 2025?

Spokane’s Market in 2025: Balanced but Competitive

If you’re wondering “are Spokane homes selling fast right now?”, the answer depends on what side of the market you’re on. Based on the most recent housing data from the Spokane MLS, Spokane’s real estate market is neutral — meaning neither buyers nor sellers hold a strong advantage.While homes aren’t flying off the market at the record pace we saw in past years, they’re still selling at a steady rate with moderate competition.I’m writing this breakdown as a Spokane real estate agent to help local buyers and sellers understand what’s really happening in our market and what it means for your next move.

🏠 How Fast Are Homes Selling in Spokane?

According to the latest data:

• Average Days on Market: 32 days (up slightly from last year’s 30)

• Months of Inventory: 3.5 months, up 29.7% year-over-year

• Sold-to-List Price Ratio: 96%, showing sellers are negotiating about 4% off asking

• Absorption Rate: 29%, which still falls within a neutral market range (between 16.7%–33.3%)

So while Spokane homes are taking a little longer to sell than they did during the ultra-competitive years, listings are still moving relatively quickly when priced right and well-presented.

💰 What Are Homes Selling For?

Prices in Spokane have shown modest but steady resilience:

• Average Sold Price: $474,000 (up 2.2% from last year)

• Median Sold Price: $429,000 (up 2.1% from last year)

• Average Price per Sq. Ft.: $212, up 2.4% year-over-year

Even though overall prices dipped slightly compared to the previous month, this signals a healthy correction rather than a decline. With inventory increasing and buyers having more choices, the market is finding a new balance after several years of sharp growth.

🏡 Why Homes Are Still Selling Quickly (When Priced Right)

In today’s market, Spokane homes that are:

• Well-priced from the start

• Professionally marketed with strong photography

• Move-in ready or updated

…are still attracting offers within days or weeks.Buyers are watching closely, but they’re not rushing into overpriced listings — so strategic pricing is everything.

📌 How to Price a House in Spokane: Strategy, Mistakes & Examples

🧭 What a Neutral Market Means for You

A “neutral” market (3–6 months of inventory) gives both sides room to negotiate:

• Sellers: Can still expect solid offers if their home is priced competitively and marketed well.

• Buyers: Have more inventory to choose from and can take their time without missing out immediately.

If you’ve been waiting for the market to cool enough to buy, now’s a great time — and if you’re selling, you’re still in a strong position compared to pre-pandemic norms.

🏗️ What’s Next for Spokane Real Estate?

Based on six-month trends:

• The average price trend remains neutral

• The median price trend is also neutral

• The average for-sale price is slightly depreciating, meaning sellers are adjusting to meet current buyer demand

In other words, Spokane’s housing market is stable — not crashing, not soaring, just leveling out after years of volatility. For long-term homeowners, that’s a sign of sustainability and predictability returning to the market.

👋 Thinking About Buying or Selling in Spokane?

Whether you’re trying to buy before prices rise again or sell before competition increases, having a Realtor who understands local market shifts is key.I help Spokane homeowners and buyers navigate timing, pricing, and negotiation to make the process as smooth and profitable as possible.

👉 Contact me today at NickBriggsRealty.com for personalized insights on your home’s value or buying opportunities.

🧠 FAQs About Spokane’s 2025 Housing Market

• Are Spokane homes selling fast right now? Homes are selling steadily, averaging about 32 days on market. While that’s a bit slower than last year, well-priced homes still move quickly, often within the first few weeks.

• Is it a buyer’s or seller’s market in Spokane? The most recent data shows a neutral market — meaning conditions are balanced between buyers and sellers. Homes priced right are selling, but buyers also have more options.

• How much are Spokane homes selling for on average? The average home sells for around $474,000, with a median price near $429,000. These figures show stability, not volatility, in the current market.

• Will Spokane home prices drop in 2025? Current trends show neutral pricing, with neither strong appreciation nor depreciation. Market corrections are possible, but no signs point to a major drop. (Not financial advice — always consult a professional before making investment decisions.)

📌 Related Blog: Spokane Housing Market Forecast

About Me

My name is Nick Briggs

Being born and raised in Spokane I grew up knowing what a special place this city is, and it was my dream to help others create a life in this wonderful community by guiding them in real estate. I spent many years in the customer service industry, the experience of listening and communication showed me how much I truly loved helping people. I attended Gonzaga University and earned a Bachelor’s Degree in Business Administration to add to my knowledge of guiding, managing, negotiating, and listening to individuals, helping them achieve their real estate goals. Let me help you achieve yours today!

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