Spokane Real Estate Stats 2025: Prices, Days on Market, and Trends

The Spokane real estate market in 2025 continues to offer exciting opportunities—and challenges—for both buyers and sellers. With inventory levels slowly growing and home prices steadily rising, staying informed on key market stats is crucial to navigating your next move with confidence.

As a dedicated Spokane real estate agent, my goal is to keep clients educated and empowered with timely, data-backed insights. That’s exactly why I’ve put this blog together—to help you understand what’s happening in our local market and how to make informed decisions.

Spokane Real Estate Stats 2025 – Current Conditions

Spokane remains firmly in a seller’s market. Home values are appreciating, competition among buyers is strong, and closed sales are gaining momentum. While inventory has expanded compared to last year, demand continues to outpace supply—creating fast-paced conditions across much of the region.

Overall, the market reflects high buyer activity, efficient sales timelines, and an environment where well-priced homes sell quickly and sometimes above asking price.

Home Inventory in Spokane: More Options, Still Competitive

Inventory has seen notable growth, with the number of homes for sale increasing significantly compared to the same time last year. This expanded selection benefits buyers by providing more choices across different price points and neighborhoods.

However, despite this inventory boost, homes are still selling somewhat quickly. The competition remains, particularly for turnkey properties in desirable areas. If you're buying, being prepared and working with a local expert can give you the edge you need.

Closed Sales Surge: Momentum Building in Spokane

The number of closed transactions has surged, indicating strong buyer follow-through and seller success. Properties that are priced well and marketed effectively are being snapped up quickly, reflecting the confidence and urgency of today's buyers.

This uptick in closed sales also reflects an overall healthy and active market—one that favors slightly sellers, but still offers smart opportunities for buyers who are strategic.

Buyer Activity: Pending Sales Still Climbing

Pending sales continue to rise, a clear sign that buyers are actively writing offers and competing for available inventory. Compared to last year, buyer engagement has grown dramatically, and that trend shows no signs of slowing.

This heightened activity reinforces the need for speed and savvy. Whether you're buying your next home and it has good appeal and is priced right, it's important to act fast and submit strong offers.

Days on Market: Speed Still Defines Spokane Real Estate

Homes in Spokane are currently averaging just a few weeks on the market—an impressive pace in any market climate. While this is slightly slower than the ultra-fast turnover we saw last year, it's still much faster than balanced market norms.

This swift sales pace means sellers need to be ready to move quickly once their home is listed, and buyers must be pre-approved and decisive in their approach.

Spokane Real Estate Prices Holding Strong

Home prices continue to rise across Spokane. The median sales price last month now hovers around $470,000, showing strong growth over the past year. The average sold price is even higher, at approximately $517,000—an encouraging signal for sellers.

Additionally, the average price per square foot remains steady at $222, indicating stable value for Spokane properties and reinforcing the area's appeal as an investment.

Months of Inventory: Seller’s Market Continues

Spokane currently holds about 2.3 months of inventory—a number well below the 4-6 months needed for a balanced market. This level firmly establishes Spokane as a seller’s market, where demand exceeds supply.

For sellers, this means strong negotiating power and faster sales timelines. For buyers, it emphasizes the importance of preparation and professional guidance.

Spokane Real Estate Trends 2025: Emerging Patterns

Several patterns have emerged this year: increased inventory, steady price appreciation, and resilient buyer demand. These trends are being shaped by both seasonal factors and broader economic conditions, including interest rates and regional migration.

Looking ahead, the Spokane housing market appears poised for continued growth, especially as more buyers seek affordability and quality of life in the Inland Northwest.

What Buyers Need to Know in Spokane’s Market

In today’s competitive environment, buyers must be both prepared and proactive. Getting pre-approved, understanding your must-haves, and working with a skilled local agent can make all the difference.

Because homes are moving quickly, hesitation often means missing out. Leverage expert guidance to navigate bidding wars, inspections, and contract terms efficiently.

What Sellers Should Consider in 2025

If you’ve been thinking about selling, conditions remain highly favorable. With homes selling in under a month and prices appreciating, this is still an ideal window to list.

Presentation matters more than ever. Clean, staged homes with strong marketing packages—especially those listed by knowledgeable local agents—are seeing the most success.

Long-Term Outlook: Spokane’s Market Beyond Spring 2025

Spokane’s market shows strong fundamentals and long-term promise. Population growth, infrastructure development, and sustained demand for quality homes continue to drive interest in the region.

While seasonal shifts may occur, the long-term outlook remains optimistic. Expect continued price growth and fast-paced sales, particularly in neighborhoods with strong amenities and school districts.

How I Can Help as Your Spokane Real Estate Agent

Navigating today’s Spokane real estate stats in 2025 requires experience, strategy, and local knowledge. That’s where I come in. I work closely with buyers and sellers to create customized plans based on real-time market data and personal goals.

Whether you're looking to buy your dream home or sell for top dollar, I’m here to guide you every step of the way. My clients trust me not just because I know Spokane—but because I genuinely care about their success.

Conclusion: Make the Most of Spokane Real Estate in 2025

The Spokane real estate market in 2025 is moving fast, with rising prices, limited inventory, and eager buyers. For sellers, the conditions are ripe to list with confidence. For buyers, being informed and decisive is key to landing the right property.

Whatever your goals, I’d love to help you achieve them. If you’re ready to make a move—or just want to understand your options—reach out today and let’s talk strategy.

FAQs

1. Is Spokane a buyer's or seller's market in 2025? Spokane is currently a seller’s market, with low inventory and strong buyer demand.

2. How fast are homes selling in Spokane right now? Most homes are selling in under 25 days on average—often much faster for well-priced listings.

3. Are home prices still rising in Spokane? Yes, prices have steadily increased, with both median and average sold prices higher than last year.

4. What should I know before buying a home in Spokane in 2025? Be prepared to act quickly. Get pre-approved and work with a local agent to make competitive offers.

5. How can a real estate agent help me navigate the Spokane market? A local agent provides insider knowledge, strong negotiation skills, and personalized guidance to help you succeed in a fast-moving 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, 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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