Spokane Housing Market Forecast 2026: Trends & Predictions
- Nick Briggs
- 2 days ago
- 6 min read
Updated: 3 hours ago
Introduction: The Road Ahead in 2026
Are you considering buying or selling a home in the Spokane market? If so, you might be wondering what the near future holds. The local market is shifting after several years of momentum. Now is the time to understand what’s coming. In this blog, you’ll learn how inventory, prices, interest rates, and market pace are expected to evolve in the Spokane area. This information will help you make informed decisions about your next move. As a Spokane real estate agent, I’ve guided many buyers and sellers through changing markets. That’s why I created this local housing forecast for 2026. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area.
Table of Contents
Market Overview: Is Spokane a Buyer’s or Seller’s Market in 2026?
As of early 2026, Spokane's market continues to transition from a strong seller's market to a more neutral environment. The latest numbers show approximately 2,151 active listings, up 28.5% year-over-year. With 3.3 months of inventory based on closed sales, we’re still not in full buyer’s market territory—but it’s a clear shift from the tight supply of previous years.
In 2026, you can expect fewer bidding wars and more negotiating room. Buyers have more options, while sellers need to be more strategic with pricing and presentation.
Inventory Snapshot: What Rising Supply Means for You
Inventory has increased significantly. Active listings are up 30.9% YoY. This is crucial for how buyers and sellers will act in 2026. With about 3.3 months of supply, Spokane is firmly in the “neutral” zone, rather than having an extreme seller advantage. However, we are not deep into a buyer’s market yet. The forecast calls for inventory to rise another 5–10% as demand remains healthy.
What this means in practice:
Buyers: You’ll find more selection and less urgency than in the ultra-competitive years.
Sellers: You’ll still find demand, but homes must be market-ready to stand out.
We expect inventory to trend slightly higher in 2026, especially in the spring and summer months. That could further moderate price growth.
For a deeper dive into inventory data, see my post on:
Price Trends: Where Spokane Home Values Are Headed
Here’s a snapshot of current price data:
Median sold price: $418,000, down about 2.3% year-over-year.
Average price per square foot: ~$208, down 2.8% from the year prior.
The average sold price ($493,000) shows some short-term volatility, including a 0.8% increase compared to the prior month.
Looking ahead, the base forecast is for modest appreciation between 0% and 2% over the year, with more pronounced growth possible in desirable neighborhoods with low turnover.
Key takeaways:
Buyers can expect more stable pricing and less pressure to overbid
Sellers should price realistically and highlight condition and location
This is not a declining market, but a cooling one
For more on value trends over time, check out:
Interest Rate Forecast: Relief in Sight
Mortgage rates are a major driver of housing affordability and market activity. The expectation for 2026 is that 30-year fixed rates will average somewhere in the 5.9% to 6.1% range. This is down from the ~7% highs seen in 2023-24. While that isn’t a return to the ultra-low rates of the pandemic era, it does signal more breathing room for buyers and less pressure on sellers.
Why this matters:
Lower rates help first-time buyers or those re-entering the market.
Some homeowners may return (“move-up” or “right-size”) if their financing becomes more manageable.
The combination of better rates and higher inventory means buyers will gain modest leverage.
See my deeper discussion of rate impacts in:
Days on Market & Buyer Behavior
The average days on market (DOM) in Spokane recently sits around 46 days. This is up 21.1% from prior years and indicates a moderation in the pace of sales. Expect DOM to hover in the 40–50 day range for most of 2026.
Buyers: You will have more time to evaluate homes and make better decisions.
Sellers: Speed is no longer the dominant metric—strategic preparation matters more.
Pricing, condition, and marketing will all become more important to stand out.
For context on speed and competition in recent years, check out:
What This Means for Spokane Buyers & Sellers
For Buyers:
Expect more choices and better terms
Use rate buydowns or adjustable-rate options to manage payments
Focus on long-term value—this is a good time for thoughtful purchases
For Sellers:
The market is still moving, but preparation is key
Price competitively and market strategically
Be flexible on terms to compete with rising inventory
As your trusted Spokane real estate agent, I’m here to guide you through either scenario—whether you’re buying, selling, or just staying informed.
Deeper Local Market Insights
To deepen your knowledge, I recommend exploring the following cluster posts:
These resources will provide hyper-local insights that complement this broader 2026 forecast and help you with neighborhood-specific strategies.
FAQs: Spokane Housing Market Forecast Questions Answered
Is the Spokane housing market going to crash in 2026? No—based on current data and local forecasts, the market is heading toward stability, not collapse. Inventory is rising, prices are seeing modest growth of 0%-3%, and days on market are increasing. None of this signals a crash.
What will Spokane home prices look like in 2026? The forecast calls for median sold home-price growth in the 0%-3% range. Given the current median of ~$418,000, that suggests modest appreciation rather than dramatic swings.
Will 2026 be a good year to buy a home in Spokane? Yes. More inventory, pricing discipline, and a slightly better rate outlook make it a favorable environment for buyers compared to the tight conditions of recent years. However, affordability still matters, so strategic timing and expert guidance are important.
Is Spokane a buyer’s or seller’s market in 2026? It’s a balanced market, leaning slightly toward buyers compared to previous years. With ~3.3 months of inventory and rising supply, buyers have more leverage. However, sellers who price and prepare well will still succeed.
How long will it take to sell a home in Spokane in 2026? Average days on market are forecast to fall in the 30–50 day range. This is slower than the lightning pace of the frenzy years, but still reasonable. Sellers should plan for preparation and marketing rather than assuming immediate offers.
Final Thoughts
In summary, the Spokane housing market in 2026 is shaping up to be steady, well-balanced, and more predictable than the rapid-appreciation era we’ve just experienced. With increased inventory, moderate price growth, and slightly improved financing conditions, both buyers and sellers can find opportunities—provided they act intelligently.
If you’re thinking of buying or selling in Spokane next year, I’d love to help you assess your options and build a winning strategy. Reach out today for a free home valuation or a conversation about your goals and how the 2026 market forecast applies to you.
About Me
My name is Nick Briggs
Being born and raised in Spokane, I grew up knowing what a special place this city is. It has always been 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. This education has enhanced my ability to guide, manage, negotiate, and listen to individuals, helping them achieve their real estate goals.
