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How to Buy a House in Spokane (Complete 2025 Guide)

  • Writer: Nick Briggs
    Nick Briggs
  • 1 day ago
  • 5 min read
How to buy a house in Spokane 2025 – complete buyer guide cover

Thinking about buying your first home in Spokane but unsure where to start? You’re not alone. The Spokane housing market continues to shift in 2025, and buyers need solid guidance to avoid costly mistakes and maximize opportunity. This step-by-step guide will show you exactly how to buy a house in Spokane—from setting a budget to closing the deal.

As a Spokane real estate agent, I’ve helped dozens of buyers navigate this market with confidence—which is why I created this complete guide.


Table of Contents


Understanding the Spokane Market (Latest Snapshot)

According to the latest data:

  • Median Sold Price: $429,000 — a slight increase from previous reporting periods

  • Average Sold Price: $474,000 — also trending higher year-over-year

  • Listings Available: Inventory has increased over 36% compared to last year, giving buyers more options

  • Days on Market: Homes are taking longer to sell, averaging 32 days

  • List-to-Sale Price Ratio: At 96%, sellers are showing more flexibility

  • Average Price per Square Foot: $212 and rising gradually

  • Months of Inventory: 3.5 — putting Spokane in a neutral market

What it means for you: This market favors prepared buyers. With more homes to choose from and slightly more time to make decisions, buyers who are ready can negotiate favorable terms—especially with the help of a local agent like me.

Current Spokane real estate market snapshot infographic showing most recent data including median sold price of $429,000, average sold price of $474,000, inventory up 36.5%, 32 days on market, list-to-sale price ratio of 96%, and 3.5 months of inventory – Spokane housing trends by Nick Briggs, Spokane Realtor.

Step 1: Preparing Yourself to Buy in Spokane

Before anything else, get clear on:

  • Why you’re buying (investment, lifestyle, work relocation?)

  • Your ideal move-in timeline

  • Your budget including down payment, reserves, and potential closing costs

Local conditions mean that neighborhood, age of home, and property type all affect affordability.

👉 Need help calculating affordability? See: How Much House Can I Afford in Spokane?

Calculate your home affordability infographic using the 28/36 rule – visually explains that monthly housing costs should not exceed 28% and total debt should not exceed 36% of gross monthly income, with branding by Nick Briggs Realty for Spokane homebuyers

Step 2: Getting Pre-Approved & Setting Your Budget

Getting pre-approved is critical. It shows sellers you’re serious and gives you a budget range to shop confidently.

Explore your options:

  • Conventional Loans (ideal for buyers with stronger credit)

  • FHA Loans (lower down payments, more lenient on credit)

  • VA Loans (for veterans and active military—zero down)

I can also connect you with trusted Spokane lenders who offer competitive rates and excellent local knowledge.


Step 3: Defining Your Search and Priorities

Think about your must-haves versus nice-to-haves:

  • Neighborhood preferences

  • Commute and amenities

  • Size, layout, school zones

  • Single-family vs condo/townhome

  • New construction vs existing home

👉 Compare options in:


Step 4: Touring Homes & Evaluating Options

This is the fun part—but also where many buyers overlook issues.

Here’s what to look for:

  • Roof, HVAC, foundation, windows

  • Natural light and layout flow

  • Signs of deferred maintenance

  • Nearby homes’ condition

👉 Be aware of costs beyond the sticker price: Costs of Owning a Home in Spokane

I’ll help you evaluate each home’s value and long-term potential based on Spokane-specific data.


Step 5: Making an Offer in Spokane’s Market

With recent inventory growth and longer days on market, buyers have more room to negotiate—but strong offers still win.

Key considerations:

  • Recent sold comps

  • How long the home has been listed

  • Seller motivation

  • Contingencies: inspections, financing, appraisal

  • Earnest money deposit

👉 Learn how to craft a smart offer: How to Negotiate an Offer on a House in Spokane


Step 6: Inspections, Appraisal & Due Diligence

This is when you take a deep dive into the property’s condition and value.

What happens now:

  • Inspection: Licensed inspectors check structure, systems, and safety

  • Appraisal: Lender ensures value matches price

  • Title & Escrow: Ensures clear ownership and manages funds transfer

  • Final negotiations based on findings

👉 Read:

Spokane home inspection report visual – buyer tips and red flag indicators

Step 7: Underwriting, Title & Escrow Process

The behind-the-scenes work begins:

  • Underwriting: Your lender confirms income, debt, credit, and the property itself

  • Title Search: Confirms no liens or ownership issues

  • Escrow: Holds your funds securely until closing

  • Final Walkthrough: Ensure the home is in expected condition before signing

Expect paperwork—but don’t worry, I’ll walk you through every signature.


Step 8: Closing the Deal & Taking Ownership

Here’s what happens on closing day:

  • You sign all final documents (loan, title, disclosures)

  • Funds are transferred via escrow

  • You get your keys and start your new chapter!

  • Set up utilities, insurance, and begin maintenance planning

Spokane home closing day image showing a house key handoff over paperwork with a wooden home model, symbolizing successful real estate transaction – branded with Nick Briggs Realty logo for local Spokane buyers

Common Pitfalls to Avoid When Buying in Spokane

Even smart buyers can make mistakes. Avoid these:

  • Skipping pre-approval

  • Overestimating how much you can afford

  • Waiving inspection contingencies

  • Ignoring hidden ownership or HOA costs

  • Not using a dedicated local Realtor


FAQ: How to Buy a House in Spokane – Your Questions Answered

  • How long does it take to buy a house in Spokane? Typically 30–45 days from offer to closing. Add 1–3 months for home search depending on inventory and your criteria.

  • What credit score is needed to buy a home in Spokane? Most lenders require at least a 620 for conventional loans. FHA may go lower, but ask your lender.

  • When is the best time to buy a house in Spokane? Inventory tends to rise in spring and early summer, but 2025’s market is fairly balanced—preparation and timing matter more than season.

  • How much do I need for a down payment? Many buyers put down 3%–20%. VA loans require zero down. Always factor in closing costs and reserves too.


Final Thoughts

If you’re ready to buy a house in Spokane, this guide gives you the tools to do it right—without stress or surprises. The 2025 market offers unique advantages for prepared buyers, especially with more homes available and negotiable sellers.

As a Spokane real estate agent, I’ll help you navigate every step of the process: from pre-approval to closing and beyond.

Let’s talk—schedule your free homebuyer consultation today and take the first step toward owning your Spokane home.


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.



Spokane Realtor headshot – how to buy a house in Spokane 2025 expert

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