How Much Will I Make Selling My Spokane Home?
- Nick Briggs
- May 14
- 6 min read
The 2025 Spokane Market and Your Home's Value
If you're thinking about listing your property this year, you're likely asking: how much will I make selling my Spokane home? It's one of the most important financial decisions you'll make, and in 2025, it’s more relevant than ever due to fluctuating interest rates, evolving buyer demand, and changing home values. As a local Spokane Realtor, I’m writing this article to help you navigate the numbers confidently and avoid costly surprises. These are helpful tips, not financial, legal, or tax advice. Be sure to consult the proper guidance.
Home Sale Price Trends in Spokane for 2025
Spokane's housing market has seen moderate appreciation coming into 2025, with average home sale prices increasing between 3% and 6% year-over-year depending on the neighborhood. Areas like South Hill, North Spokane, and Kendall Yards continue to attract strong buyer interest, while some outer neighborhoods are seeing more stable growth.
The shift in mortgage rates has slightly cooled the rapid pace of 2022–2023, but demand remains strong due to continued population growth and tight housing supply. These factors help sellers achieve favorable sale prices, especially for move-in ready homes.
Typical Seller Costs to Expect in Spokane
Understanding what eats into your gross sale price is essential. On average, Spokane home sellers can expect to pay the following:
Real estate commissions: Typically 5% to 6% of the sale price, split between the buyer’s and seller’s agents. Depending on if Buyer or Seller is paying.
Title, escrow, and closing fees: These can range from $1,500 to $3,000 depending on your sale price and title company.
Repairs and staging: Pre-listing repairs, cleaning, and home staging could cost anywhere from $1,000 to $5,000 depending on your home's condition and how market-ready it is.
Factoring in these costs ensures you have a realistic idea of your take-home proceeds when your home sells.
Estimating Your Net Proceeds: Spokane Home Sale Calculator
To estimate your net proceeds, start by subtracting your mortgage balance and seller costs from your expected sale price. For example, if you sell your Spokane home for $475,000, and you still owe $275,000 on your mortgage, then after about $30,000 in combined selling costs, your estimated proceeds would be around $170,000.
Real-world examples across Spokane in 2025 show that sellers are walking away with anywhere between $80,000 and $250,000 depending on property type, mortgage payoff, and timing.
Many sellers forget to include items like prorated property taxes or HOA fees in their calculations, which can result in overestimating profits. Working with a Realtor helps avoid these common miscalculations.
Capital Gains and Tax Implications in 2025
If you've owned and lived in your home for at least two of the past five years, you may qualify for capital gains exclusions—up to $250,000 for single filers or $500,000 for married couples. That means most Spokane homeowners won’t owe federal capital gains tax on their home sale proceeds.
Washington state currently does not have an income tax, but consult a CPA about excise taxes and changes to the Real Estate Excise Tax (REET) that could apply based on your sale price or if you’re selling investment property.
Tax-efficient strategies, such as investing proceeds in a 1031 exchange (for investment properties), can help maximize your gains.
Market Conditions and Timing Your Spokane Home Sale
Historically, Spokane’s spring and early summer market (April to June) offers the highest returns. Inventory is lower, buyer competition is higher, and sale prices tend to peak.
In 2025, these trends are holding steady. However, with interest rate shifts, it's crucial to watch buyer demand closely. Listing when rates dip slightly—even for a week—can increase your home’s visibility and final sale price.
If you're unsure whether to sell now or wait, I can help evaluate your timing based on both market data and your personal goals.
Boosting Your Spokane Home's Sale Price
Simple upgrades like repainting, modern lighting, and kitchen or bathroom refreshes can add significant value. Spokane buyers in 2025 are also highly responsive to energy-efficient upgrades like smart thermostats, newer HVAC systems, and well-maintained landscaping.
Professional home staging has also proven to reduce time on market and increase sale price—especially in competitive neighborhoods.
Marketing your home strategically through digital platforms, social media, and local channels makes a major difference. That’s something I handle for every client to ensure your listing gets maximum visibility.
How Much Will I Make Selling My Spokane Home?
Let’s bring it all together. To calculate your net proceeds:
Start with your estimated sale price.
Subtract your remaining mortgage balance.
Deduct estimated selling costs (possible agent commissions, fees, staging).
Account for taxes or special assessments, if applicable.
You can also use online calculators, but they often miss Spokane-specific costs or don’t factor in local trends.
Comparing FSBO vs Using a Spokane Realtor
Some sellers consider For Sale By Owner (FSBO) to save on commission fees. However, FSBO homes typically sell for 6–11% less on average than agent-represented homes. Why? Lack of exposure, negotiation expertise, and pricing strategy.
When you list with a Spokane Realtor, you gain access to market insights, MLS syndication, and negotiation leverage that often results in a higher net even after commission.
What If You Still Owe on Your Mortgage?
If you haven’t paid off your home yet, no problem—just subtract your mortgage payoff amount from your net. Your lender can provide this exact figure.
Your equity (home value minus remaining mortgage) is the key indicator of how much cash you’ll walk away with. In Spokane, homeowners who bought before 2020 are often seeing pretty good equity positions.
There are calculators available to help, or I can create a custom net sheet for your situation.
Selling an Inherited or Investment Property in Spokane
Selling inherited real estate comes with added layers: potential probate, stepped-up basis tax rules, and possibly capital gains. Investment properties also require careful consideration. If you're in this situation, reach out. I can help you evaluate your best path forward.
Working With a Spokane Realtor: What to Expect
As your Realtor, I bring more than just MLS access—I offer deep Spokane market knowledge, pricing strategies, and high-level marketing campaigns. I also handle the heavy lifting: photography, open houses, offers, negotiations, and contract management.
My goal is always to protect your interests and maximize your net proceeds from day one.
Conclusion: Let’s Maximize Your Spokane Home Sale
To answer the question—how much will I make selling my Spokane home—you need to consider your mortgage balance, selling costs, market timing, and pricing strategy. It’s a formula I’ve mastered for clients across the region.
Partnering with a knowledgeable Spokane Realtor gives you a real advantage in today’s complex housing market. If you’re ready for a custom estimate or want to chat about your home’s potential, I’d love to help. Let’s maximize your equity together.
FAQs About Selling a Spokane Home in 2025
What are the average closing costs in Spokane? They typically range from 6% to 8% of the home’s sale price, depending on service providers.
How quickly are homes selling in 2025? On average, homes in Spokane are selling in 14–28 days depending on price point and location.
Is it worth renovating before selling? Yes—especially kitchens, bathrooms, and energy-efficient upgrades. The return on investment can be significant.
How do I calculate how much I’ll make from selling my Spokane home? Subtract your remaining mortgage, closing costs, and commissions from your sale price. A Spokane Realtor can help you create a personalized net sheet.
What is the average home sale price in Spokane in 2025? As of 2025, average home sale prices in Spokane range between $425,000 and $500,000 depending on neighborhood and condition.
What are the most profitable months to sell a home in Spokane? Spring and early summer—April through June—are often the most lucrative months due to buyer competition and low inventory.
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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