Spokane Housing Market Year in Review: 2026 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.
Spokane Housing Market Year in Review: 2026 Through September
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. 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.
As a longtime Spokane real estate agent, I created this Spokane housing market year in review to help buyers, sellers, and homeowners better understand how Spokane real estate has changed over the past year and where the market may be heading next. The following statistics are based on Spokane County as a whole to provide the broadest and most accurate local market snapshot.
📊 Spokane Real Estate Market by the Numbers
Active Listings Continue Rising
Active listings: 2,092 in September 2026, up 2.3% month over month and 2.6% year over year.
Pending Contracts Slowed in September
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.
💲 Spokane Home Prices: Stabilizing After Rapid Growth
Median Sold Price Trends
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.
A monthly median reflects the mix of sales as well as pricing. It does not measure appreciation for every home or establish the full-year outcome.
⏱️ How Fast Are Spokane Homes Selling?
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.
Well-priced homes—especially updated homes in desirable neighborhoods and competitive price ranges—are often selling significantly faster than the average.
💰 What Homes Are Really Selling For
Sale-to-List Price Ratio
Pricing context: Review recent comparable sales and the property's asking-price history. The October report uses inconsistent labels for original versus final list-price ratios, so no single ratio is used here.
This shows sellers still maintain leverage overall, though buyers now have more room to negotiate compared to peak bidding-war conditions. Overpricing is no longer forgiven the way it was during the height of the seller frenzy.
Inventory and Absorption: A Neutral Countywide Market
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.
Pending-sale inventory was 4.1 months versus 3.3 in revised August. This alternative measure increased as pending contracts fell, even though closed-sale inventory eased from 3.6 to 3.5 months.
This creates a healthier market overall:
Sellers still have leverage
Buyers have more time and options
Pricing strategy matters more than ever
📈 Spokane Market Snapshot: Then vs. Now
Metric | August 2026 (revised) | September 2026 | Change | Insight |
Active Listings | 2,045 | 2,092 | +2.3% MoM | More buyer options |
Median Sold Price | $435K | $435K | Unchanged | Stabilizing prices |
Avg Price/SqFt | $223 | $224 | +0.4% MoM | Stable pricing |
Avg Days on Market | 38 | 42 | +10.5% MoM | Longer market time |
Months of Inventory | 3.6 | 3.5 | -2.8% MoM | Neutral market |
🔍 5 Key Insights from the Spokane Housing Market in 2026
1. Neutral Countywide Conditions
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.
2. Pricing Is Stabilizing
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.
3. Sellers Need Smarter Pricing Strategy
Overpricing is no longer an option. Buyers now compare more inventory and negotiate more aggressively when homes appear overpriced or poorly presented.
4. Buyers Have More Opportunity
Buyers now have more choices than during previous years while still competing for desirable, well-priced homes.
5. Closings and Pending Sales Diverged
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.
📌 Spokane Homeowner Tips for 2026
Price to today’s market — not past peak pricing
Invest in presentation — clean, stage, and market professionally
Highlight value — upgrades, location, and energy efficiency matter
Understand competition — buyers are comparing more homes than before
Generate momentum early — the first 1–2 weeks on market are critical
🙋 FAQs About the Spokane Housing Market Year in Review
What does Spokane’s current housing market mean 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.
Are Spokane home prices going up or down 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.
Is now a good time to sell my house in Spokane?
Yes—especially if your home is properly prepared, priced strategically, and marketed effectively. Well-positioned homes are still selling quickly and close to asking price. How long are homes taking to sell in Spokane?
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: Spokane Real Estate Through September 2026
This year-in-review update is a year-to-date discussion through September, not a completed 2026 annual report. September brought more inventory, longer market times and fewer new contracts than August, while closed sales increased. Use these observations with property-specific evidence.
For buyers and sellers alike, this creates more opportunity, flexibility, and predictability than the chaotic conditions of previous years.
As your trusted Spokane real estate agent, I help buyers and sellers navigate Spokane’s changing market using real local data, strategic pricing, and proven negotiation experience.
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.
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