Spokane Housing Market Forecast 2026: October Update
Updated: Sep 15
Updated October 12, 2026. Market source: TrendGraphix Market Synopsis, published October 2026, based on Spokane MLS data for September 2026 Spokane County single-family homes. Figures are countywide, not city-only or neighborhood-specific. Prior-month comparisons use the revised August figures in this report.
September market snapshot: $435,000 median sold price; $501,000 average sold price; 2,092 active listings; 595 closed sales; 510 pending sales; 42 average days on market; and 3.5 months of inventory based on closed sales.
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?
Interest Rates: Scenarios, Not Guarantees
Market Overview: Is Spokane a Buyer’s or Seller’s Market in 2026?
Spokane County's single-family market had 3.5 months of inventory in September 2026, which the report classifies as neutral. Buyers have more selection, while sellers need recent comparable sales, realistic pricing and strong presentation.
Active listings: 2,092 in September 2026, up 2.3% month over month and 2.6% year over year. September 2026 brought 595 closed sales, up 4.9% from revised August and 6.4% year over year, but 510 pending sales, down 16.7% monthly and 3.0% yearly. Closings and new contracts are different measures; the data does not show accelerating demand across both.
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
Active listings: 2,092 in September 2026, up 2.3% month over month and 2.6% year over year.
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.
Watch new listings, pending contracts and days on market through fall. September's supply level does not establish what inventory will be in future months.
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: $435,000 in September 2026, unchanged from revised August and up 1.2% from September 2025.
Average sold price: $501,000 in September 2026, up 1.0% month over month and 4.8% year over year.
Average sold price per square foot: $224 in September 2026, up 0.4% month over month and 1.8% year over year.
September 2026's Spokane County single-family median sold price was $435,000, unchanged from revised August and 1.2% higher than September 2025. The $501,000 average was up 1.0% monthly and 4.8% yearly. These countywide measures are not an appraisal of an individual home.
Key takeaways:
September's median was unchanged monthly and slightly higher yearly; that does not mean every home gained value.
Recent month-over-month gains suggest buyer activity has strengthened.
Monthly prices can change with the mix of homes sold. The report labels the six-month median trend as declining.
Desirable neighborhoods and well-maintained homes continue attracting strong demand.
For more on value trends over time, check out:
Interest Rates: Scenarios, Not Guarantees
The supplied October market report does not forecast mortgage rates. Lower rates could improve purchasing power; higher rates could constrain it. Obtain a dated lender quote and compare payments under more than one rate scenario rather than relying on a predicted 2026 range.
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.
More inventory can improve selection, but mortgage-rate changes may offset that benefit for a buyer's monthly payment.
See my deeper discussion of rate impacts in:
Days on Market & Buyer Behavior
Average days on market: 42 in September 2026, versus 38 in revised August and 34 a year earlier. This is market time, not the full time through closing.
Buyers: More inventory creates additional choices, but desirable homes continue moving quickly. Being pre-approved and ready to act remains important.
Sellers: Market time increased to 42 days. Review showing feedback and comparable sales early rather than assuming the spring pace continues.
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? A single monthly report cannot establish or rule out a future crash. September's median was flat monthly, inventory rose and pending sales fell. Track several months of prices, financing conditions and employment before drawing a conclusion.
What will Spokane home prices look like in 2026? September 2026's Spokane County single-family median sold price was $435,000, unchanged from revised August and 1.2% higher than September 2025. The $501,000 average was up 1.0% monthly and 4.8% yearly. These countywide measures are not an appraisal of an individual home. The report provides observations, not a forecast.
Will 2026 be a good year to buy a home in Spokane? That depends on your budget, time horizon and the home. September offered more active listings than a year earlier, but ownership costs and financing still matter.
Is Spokane a buyer's or seller's market in 2026? Spokane County's single-family market had 3.5 months of inventory in September 2026, which the report classifies as neutral. Buyers have more selection, while sellers need recent comparable sales, realistic pricing and strong presentation.
How long will it take to sell a home in Spokane in 2026? In September 2026, Spokane County single-family homes averaged 42 days on market, up from 38 in revised August. Preparation and the contract-to-closing period add time; an individual sale can be faster or slower.
Final Thoughts
September 2026 brought 595 closed sales, up 4.9% from revised August and 6.4% year over year, but 510 pending sales, down 16.7% monthly and 3.0% yearly. Closings and new contracts are different measures; the data does not show accelerating demand across both. Longer market times make pricing and preparation especially important.
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.
Comments