Spokane Housing Market Forecast 2026: July Update
- Nick Briggs
- 1 day ago
- 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?
Spokane's housing market has continued moving toward a more balanced environment. Based on the most recent Spokane County data, the market now sits at approximately 3.0 months of inventory, placing it in a neutral market rather than a seller's market.
Inventory has increased to approximately 1,773 active listings, up 16.6% year-over-year and 13.7% month-over-month, giving buyers more choices while maintaining healthy market activity. Pending sales are also up 17.3% year-over-year, showing demand remains strong despite increased inventory.
For buyers, this means more opportunities and less pressure than during the peak seller's market years. For sellers, success depends more heavily on pricing, presentation, and marketing than it did when inventory was extremely limited.
Inventory Snapshot: What Rising Supply Means for You
Inventory continues increasing throughout Spokane County, with approximately 1,773 active listings currently available. While buyers now have substantially more choices than they did a few years ago, inventory levels remain healthy and demand continues supporting market activity.
What this means in practice:
Buyers: You'll find more selection, more negotiating opportunities, and slightly more time to evaluate homes than during peak seller-market conditions.
Sellers: Buyers are comparing more properties than before, making strategic pricing, professional marketing, and strong presentation critical to standing out.
Inventory is expected to remain elevated through the busiest months of the year, creating a more balanced housing environment that benefits both buyers and sellers.
For a deeper dive into inventory trends, see my post on:
Price Trends: Where Spokane Home Values Are Headed
Here's a snapshot of the most recent Spokane County pricing data:
Median Sold Price: $450,000 — Up 4.7% month-over-month and up 6.4% year-over-year
Average Sold Price: $498,000 — Up 4.4% month-over-month and down 3.9% year-over-year
Average Price per Square Foot: $219 — Unchanged month-over-month and down 2.2% year-over-year
Current pricing trends suggest the market remains stable, with buyer demand supporting home values despite increased inventory.
Key takeaways:
Home prices remain resilient despite rising inventory.
Recent month-over-month gains suggest buyer activity has strengthened.
The market is showing stability rather than rapid appreciation or decline.
Desirable neighborhoods and well-maintained homes continue attracting strong demand.
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) is currently 30 days, down 14.3% month-over-month but up 20% year-over-year.
Buyers: More inventory creates additional choices, but desirable homes continue moving quickly. Being pre-approved and ready to act remains important.
Sellers: Faster market times show active buyer demand, but pricing and presentation remain major factors in how quickly a home sells.
Pricing, condition, and marketing continue to be the biggest differentiators in today's Spokane housing market.
For context on speed and competition in recent years, check out:
What This Means for Spokane Buyers & Sellers
For Buyers:
More inventory means more choices and improved negotiating opportunities.
A neutral market creates a healthier buying environment than recent years.
Rate buydowns and seller concessions may be more common than during peak seller conditions.
Focus on long-term value rather than trying to perfectly time the market.
For Sellers:
Buyers still exist and activity remains healthy.
Pricing accurately from the start is increasingly important.
Professional photography, staging, and marketing matter more than ever.
Homes that stand out continue selling quickly and for strong prices.
As your trusted Spokane real estate agent, I'm here to help you navigate either side of the market with confidence.
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? Current Spokane County data does not indicate a market crash. Inventory has increased and the market has become more balanced, but pricing remains stable and buyer demand continues supporting home values.
What will Spokane home prices look like in 2026? The median sold price is currently $450,000, up 6.4% year-over-year. While rapid appreciation is unlikely, current trends support continued market stability.
Will 2026 be a good year to buy a home in Spokane? Yes. Buyers now have more inventory, more flexibility, and more negotiating opportunities than they had during the peak seller's market years.
Is Spokane a buyer’s or seller’s market in 2026? Spokane is currently considered a neutral market, with approximately 3.0 months of inventory. This creates a healthier balance between buyers and sellers than previous years.
How long will it take to sell a home in Spokane in 2026? Homes are currently averaging approximately 30 days on market, though desirable homes can sell much faster when priced and marketed correctly.
Final Thoughts
The Spokane housing market continues evolving into a healthier and more balanced environment. Inventory has increased, buyers have more options, and market activity remains strong. Home prices continue showing resilience, while homes are selling faster than they were just a few months ago.
This creates opportunities on both sides:
Buyers
More inventory
More negotiating opportunities
Greater flexibility when evaluating homes
Sellers
Strong buyer activity remains
Well-prepared homes continue performing well
Strategic pricing and marketing are more important than ever
If you're thinking about buying or selling in Spokane, success in today's market comes from preparation, strategy, and understanding current market conditions—not trying to perfectly time the 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. 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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