How Much Do Homes Cost in Spokane? October 2026 Price Guide
Updated: Sep 15
Updated October 12, 2026. Market source: TrendGraphix Market Synopsis, published October 2026, based on Spokane MLS data for September 2026 Spokane County single-family homes. Figures are countywide, not city-only or neighborhood-specific. Prior-month comparisons use the revised August figures in this report.
September market snapshot: $435,000 median sold price; $501,000 average sold price; 2,092 active listings; 595 closed sales; 510 pending sales; 42 average days on market; and 3.5 months of inventory based on closed sales.
As Spokane continues to grow in popularity, the real estate market in 2026 reflects both its expanding economic opportunities and lifestyle appeal. Known for its natural beauty, beautiful neighborhoods, and relatively lower cost of living compared to other major cities in Washington, Spokane is attracting a diverse mix of buyers. Whether you're relocating, investing, or searching for your forever home, understanding Spokane's 2026 housing market is essential. As a Spokane real estate agent, I'm writing this guide to help you navigate local market trends and find the best value for your home-buying dollar. The following data is from Spokane County as a whole, as that allows for the most accurate results.
Spokane Real Estate Market at a Glance in 2026
The Spokane housing market continues evolving toward a more balanced environment in 2026.
Median sold price: $435,000 in September 2026, unchanged from revised August and up 1.2% from September 2025.
Average sold price: $501,000 in September 2026, up 1.0% month over month and 4.8% year over year.
Average days on market: 42 in September 2026, versus 38 in revised August and 34 a year earlier. This is market time, not the full time through closing.
Months of inventory: 3.5 based on closed sales in September 2026, a neutral market under the report's 3-to-6-month definition.
Active listings: 2,092 in September 2026, up 2.3% month over month and 2.6% year over year.
Buyers have significantly more choices than they did during the peak seller-market years, while strong demand continues supporting pricing and market activity.
How Much Do Homes Cost in Spokane (2026 Overview)
In today's Spokane housing market:
Condos: Approximately $300,000–$400,000+
Single-Family Homes (Median): $435,000
New Construction: Commonly $435,000–$700,000+, depending on location, builder, and finishes
Well-priced homes under $400,000 still exist, but they often attract strong buyer interest due to affordability and limited supply in that price range.
Popular Neighborhoods and Their Price Ranges
South Hill: A popular area with older charm, tree-lined streets, and historic homes. Prices range from $400,000 to $700,000.
Kendall Yards: A vibrant, urban neighborhood with new condos and townhomes. Expect prices from $500,000 and up.
North Spokane: Offers a mix of affordability and space. Average prices hover between $350,000 and $600,000 depending on what you're looking for.
Spokane Valley: A mix of old and new, with homes ranging from $350,000 to $700,000 depending on what you're looking for.
Cost Per Square Foot in Spokane
Average sold price per square foot: $224 in September 2026, up 0.4% month over month and 1.8% year over year.
First-Time Buyers: What to Expect
If you’re entering the market for the first time, you’ll typically find entry-level homes priced between $350,000 and $400,000. Great starter-home areas include parts of North Spokane, Audubon, and some pockets of Spokane & Spokane Valley. Getting pre-approved for a mortgage is more important than ever, as competition remains high, especially within this price range. Entry-level homes continue seeing some of the strongest buyer demand in Spokane because affordability remains a challenge for many buyers. Well-priced starter homes often attract significant interest.
Luxury Homes in Spokane: What You Get for $750K+
For buyers with bigger budgets, luxury homes in Spokane offer features like expansive lots, modern design, smart-home integration, and mountain views. These are often found in areas like Manito, Eagle Ridge, Five Mile Prairie, and various pockets around Spokane & Spokane Valley. Some properties include acreage, custom pools, and private gated access.
Hidden Costs of Buying a Home in Spokane
Beyond the sale price, be prepared for the following costs:
Closing Costs: Typically 2–4% of the home price
Home Inspections: Around $500–$800
HOA Fees: Vary by community, averaging $100–$250/month
Property taxes: Check the parcel's assessed value, applicable taxing-district levy and current bill; there is no single rate for every Spokane home.
These costs can add up, so budgeting accordingly is essential.
Market Trends Influencing Spokane Home Prices in 2026
Key trends shaping Spokane home prices include:
Active listings: 2,092 in September 2026, up 2.3% month over month and 2.6% year over year.
Interest Rates: Mortgage affordability remains a major factor influencing buyer behavior.
Population Growth & Lifestyle Appeal: Spokane continues attracting buyers from higher-cost markets throughout the Pacific Northwest.
Spokane County's single-family market had 3.5 months of inventory in September 2026, which the report classifies as neutral. Buyers have more selection, while sellers need recent comparable sales, realistic pricing and strong presentation.
These factors are helping create a healthier market environment with stable pricing and improved opportunities for buyers.
Comparing Spokane to Other Washington Cities
Regional housing comparisons require consistent boundaries and property types. Redfin's all-home-type city medians for the three months ending September 2026 were about $375,000 for Spokane and $855,000 for Seattle. Those are different from this report's countywide single-family monthly series.
Is Spokane a Good Investment in 2026?
Absolutely. Spokane's consistent population growth, job market expansion, and livability make it an attractive place for investors. Homes in desirable neighborhoods or near universities are especially popular in the rental market. Long-term fundamentals remain positive due to Spokane's population growth, relative affordability, employment opportunities, and quality of life. While future appreciation rates will vary, Spokane continues to be viewed as a strong long-term housing market.
How to Find the Best Deals in Spokane
To land the best deals, consider:
Off-Market Properties: These can often be found through networking or an experienced real estate agent
Seasonal Timing: Late fall and winter can sometimes provide less competition from other buyers, creating additional negotiating opportunities.
Auction Properties: Occasionally listed through county websites or local banks
The Buying Process in Spokane
Get Pre-Approved
Hire a Local Agent (That's Me)
Home Search & Tour
Make an Offer
Inspection & Appraisal
Close and Get the Keys!
The process usually takes 30–45 days from offer to close.
Tips for Out-of-State Buyers
If you're relocating, take advantage of:
Virtual Showings
Digital Contracts
Remote Closings
Hiring a Spokane-based real estate agent can help you avoid costly mistakes and give you insight into neighborhoods you may not know about.
Working with a Spokane Real Estate Agent
With market knowledge, negotiation skills, and neighborhood insight, a local agent makes the process smoother and more efficient. As a Spokane real estate agent, I offer personalized support, buying/selling insights, and local expertise to help you find a home that meets both your needs and your budget.
Conclusion
Spokane remains one of Washington's most affordable and attractive housing markets in 2026. From entry-level homes and condos to luxury properties and new construction, there are opportunities across a wide range of budgets and lifestyles.
Inventory has increased, creating more choices for buyers, while pricing has remained relatively stable. The result is a healthier and more balanced market than we've seen in recent years.
If you're wondering how much homes cost in Spokane—or which neighborhoods offer the best value for your goals—I'd be happy to help you navigate the local market with personalized guidance and current Spokane housing data.
FAQs
What is the average home price in Spokane in 2026? September 2026's Spokane County single-family median sold price was $435,000, unchanged from revised August and 1.2% higher than September 2025. The $501,000 average was up 1.0% monthly and 4.8% yearly. These countywide measures are not an appraisal of an individual home.
Which neighborhood in Spokane offers the best value for money? North Spokane and parts of Spokane Valley offer excellent value in 2026.
Are home prices in Spokane expected to rise in the next few years? Spokane continues benefiting from population growth, relative affordability, and strong quality-of-life factors. While no one can predict future prices with certainty, the area's long-term housing fundamentals remain strong.
What should first-time buyers know about the Spokane market? Prepare for competition, get pre-approved, and work with a local agent to find affordable areas.
How do I start the buying process with a Spokane real estate agent? Contact me to begin with a personalized consultation and home search strategy tailored to your needs.
Related Blog: Spokane Housing Market
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.
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