Spokane Housing Market Forecast 2026: Trends & Predictions
- Nick Briggs
- Apr 2
- 6 min read
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 the most recent data, the Spokane real estate market remains in a seller-leaning environment, even as inventory has increased significantly. Active listings are up, with 1,361 active single family homes listed in Spokane County, giving buyers more options, but demand is still strong enough to keep overall conditions competitive. With approximately 2.9 months of inventory, the market is still firmly in seller’s market territory—not a neutral market.
In today’s Spokane housing market, buyers have slightly more flexibility than they did during peak seller conditions, but well-priced homes are still attracting strong interest and can sell quickly. Bidding wars are less common than in previous years, yet they still happen on desirable, well-presented homes. For sellers, this means pricing strategically and presenting your home well is more important than ever, while buyers should be prepared to act when the right opportunity comes up.
Inventory Snapshot: What Rising Supply Means for You
Inventory has increased significantly, with active listings up over 30% year-over-year. This shift is already impacting how buyers and sellers behave in today’s Spokane real estate market. However, with only about 2.9 months of inventory, Spokane remains in a seller’s market, not a neutral one.
What this means in practice:
Buyers: You’ll find more selection than in previous years and slightly less urgency—but well-priced homes in the Spokane real estate market can still move quickly, especially in desirable areas.
Sellers: Demand is still strong, but with more competition, your home must be market-ready and priced strategically to stand out and attract strong offers.
Inventory is expected to continue trending slightly higher, especially during the spring and summer months. As more homes hit the market, this could help stabilize price growth while still supporting a seller-leaning Spokane housing market.
For a deeper dive into inventory trends, see my post on:
Price Trends: Where Spokane Home Values Are Headed
Here’s a snapshot of current price data:
Median sold price: $429,000, up about 0.9% year-over-year and increasing month-over-month.
Average price per square foot: $218, up slightly year-over-year and continuing to rise month-over-month.
The average sold price (~$486,000) has increased both month-over-month and year-over-year, showing continued strength in the Spokane housing market.
Looking ahead, the base forecast is for modest appreciation between 0% and 3%, with stronger growth possible in desirable Spokane neighborhoods with limited inventory.
Key takeaways:
Buyers can expect more stable pricing but should still act quickly on well-priced homes
Sellers should price strategically and highlight condition, location, and presentation
This is not a declining market—it’s a stabilizing, seller-leaning market
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 is currently around 45 days. This is up significantly year-over-year, but improving month-over-month—showing a market that slowed, then began stabilizing.
Buyers: You have more time than before, but desirable homes still move quickly
Sellers: Speed alone won’t sell your home—pricing and presentation matter more than ever
Pricing, condition, and marketing are now the biggest differentiators in the Spokane real estate market
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 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 ~$420,000, 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 is still a seller’s market, not a neutral one. With around 2.9 months of inventory, demand continues to outweigh supply, even as inventory rises. Buyers have more flexibility than before, but sellers still hold the overall advantage.
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 is becoming more balanced—but it is still seller-leaning, not neutral. Inventory is rising, buyer activity remains strong, and prices are holding steady with modest upward pressure.
This creates opportunity on both sides:
Buyers have more options and slightly more negotiating power
Sellers can still achieve strong results with the right pricing and preparation
If you’re thinking about buying or selling in Spokane, the key to success in this market is strategy—not timing.
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.
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