Spokane vs Nearby Cities: Home Prices, Speed & Affordability
- Nick Briggs
- Oct 27
- 5 min read
Updated: 2 days ago
How Spokane’s Housing Market Stacks Up Against Nearby Cities
Spokane’s housing market remains one of the most balanced and affordable in the Pacific Northwest. With a median sold price of $420,000, an average sold price of $478,000, and roughly $211 per square foot, Spokane continues to offer buyers strong value and sellers consistent movement.Average days on market (DOM) sit at 31, while months of inventory (MOI) hover around 3.6, indicating a neutral market that favors neither side heavily.
I’m a Spokane real estate agent who studies these trends closely, which is why I’ve written this full breakdown comparing Spokane vs nearby cities home prices and overall affordability.
Spokane vs Spokane Valley
Prices: Valley’s median is around $450K vs Spokane’s $420K, though Spokane’s average sold price ($478K) slightly tops the Valley’s $460K.
$/SqFt: $215 in the Valley vs $211 in Spokane — nearly identical.
Speed: Homes sell in 35 days in the Valley vs 31 in Spokane.
Supply: Valley’s 2.8 MOI suggests a mild seller’s market, compared to Spokane’s neutral 3.6.
🔍 Insight: Spokane Valley runs hotter but stays close in pricing—ideal for buyers who want proximity and sellers who want steady activity.
Spokane vs Seattle
Prices: Seattle’s median $950K—more than double Spokane’s.
$/SqFt: Seattle $545 vs Spokane $211.
Speed: Both move quickly (Seattle 27 DOM vs Spokane 31).
Supply: MOI nearly equal (Seattle 3.0, Spokane 3.6).
💡 Insight: Both markets are balanced, but affordability is where Spokane shines—similar market speed at a fraction of Seattle’s cost.
Spokane vs Coeur d’Alene
Prices: CDA’s median around $540K, roughly $120K higher.
$/SqFt: CDA $351 vs Spokane $211 (1.7× higher).
Speed: CDA homes take 92 days to sell vs Spokane’s 31.
Competition: CDA sellers accept offers at 94% of list, Spokane at 96%.
🏡 Insight: CDA’s resort-market dynamics drive higher prices and slower turnover; Spokane delivers faster movement and stronger list-to-sale ratios.
Spokane vs Tacoma
Prices: Tacoma median $489K vs Spokane $420K.
$/SqFt: $313 vs $211.
Speed: DOM 28 (Tacoma) vs 31 (Spokane).
Supply: Tacoma’s 2.3 MOI shows seller leverage; Spokane’s 3.6 remains balanced.
📈 Insight: Tacoma’s tighter supply adds pressure on buyers, while Spokane offers more negotiation room and consistent stability.
Spokane vs Tri-Cities
Prices: Tri-Cities median $445K, avg $514K vs Spokane’s $420K/$478K.
$/SqFt: Nearly identical ($217 vs $211).
Speed: Both at ~31–32 DOM.
Supply: Neutral for both (Tri-Cities 3.4 vs Spokane 3.6).
🤝 Insight: These two markets are nearly twins in pricing, speed, and inventory—excellent for buyers seeking affordability without volatility.
Spokane vs Vancouver (WA)
Prices: Vancouver median $506K, avg $551K.
$/SqFt: $301 vs Spokane’s $211 (+43%).
Speed: Both average 31 DOM.
Supply: Vancouver’s 2.8 MOI indicates mild seller advantage.
💬 Insight: Vancouver’s Portland-metro proximity keeps pricing elevated, but Spokane competes strongly on speed and affordability.
Spokane vs Bellevue
Prices: Bellevue’s median $1.76M, avg $2.09M—luxury market tier.
$/SqFt: $698 vs Spokane $211 (~3.3×).
Speed: Bellevue 28 DOM vs Spokane 31.
Supply: Bellevue leans seller’s, Spokane neutral.
🏙️ Insight: Despite massive price gaps, homes in both sell at similar speed—showing Spokane’s solid buyer activity even at lower price tiers.
Spokane vs Kent
Prices: Kent median $680K, avg $746K.
$/SqFt: $353 vs Spokane’s $211.
Speed: 32 vs 31 DOM.
Competition: Kent’s 2.9 MOI and 99% SP/OLP show intense competition; Spokane sits at 96%.
💡 Insight: Kent buyers compete heavily for fewer listings—Spokane offers far better entry points with similar timelines.
Spokane vs Everett
Prices: Everett median $700K, avg $719K.
$/SqFt: $395 vs Spokane $211 (~1.9×).
Speed: Everett 34 DOM vs Spokane 31.
Supply: Both lean seller’s with 96–97% list-to-sale ratios.
🔎 Insight: Everett’s higher pricing reflects Seattle spillover, but Spokane maintains a faster sales pace—ideal for buyers seeking value and speed.
Spokane vs Renton
Prices: Renton median $760K, avg $872K.
$/SqFt: $412 vs $211 (~2×).
Speed: DOM 30 vs 31.
Supply: Renton’s 2.2 MOI signals a seller’s market.
💰 Insight: Renton’s I-405 and I-5 access keeps its housing tight and expensive, while Spokane provides double the affordability at near-equal turnover.
Big-Picture Takeaways
1. Affordability
At $211/sqft, Spokane remains one of the most affordable major metros in the region—beating every west-side city and only closely trailed by Spokane Valley and Tri-Cities.
2. Market Balance
Spokane’s 3.6 months of inventory means more breathing room for buyers than the seller-tilted west-side markets like Tacoma, Kent, and Renton.
3. Speed
Most markets in Washington move within 25–35 days, and Spokane fits squarely in that range—meaning you’re not sacrificing speed for affordability.
4. Premium Tiers
Seattle and Bellevue form the luxury class, while Everett, Kent, and Renton sit in the upper mid-tier. Spokane, Spokane Valley, and Tri-Cities remain the region’s most balanced value plays.
Where Spokane Fits for Buyers and Sellers
For buyers, Spokane offers:
Better price per square foot value
Strong market stability
A neutral balance between supply and demand
For sellers, Spokane provides:
A 96% sale-to-list ratio
Steady turnover speed
Predictable demand without extreme competition
As a Spokane real estate agent, I help clients interpret these numbers to make confident buying and selling decisions—whether comparing Spokane to Coeur d’Alene or the Seattle metro.
FAQ: Spokane vs Nearby Cities Home Prices
Is Spokane more affordable than nearby cities in 2025? Yes — Spokane’s median sold price of $420K and $211/sqft make it one of the most affordable metros in Washington, well below Seattle, Bellevue, and Vancouver.
How fast do homes sell in Spokane compared to nearby cities? Spokane’s 31 days on market aligns with major metros like Seattle, Tacoma, and Renton—proof that lower prices don’t mean slower sales.
Are Spokane homes still increasing in value? Yes. Spokane’s neutral-balanced market has shown consistent, sustainable appreciation.
Is Spokane a good alternative to living in Seattle or Bellevue? Absolutely. Spokane offers similar home-sale speed, strong demand, and vibrant local culture at a fraction of the west-side cost.
Work with a Spokane Real Estate Expert
If you’re comparing Spokane vs nearby cities home prices, it pays to have a local expert on your side.I’m Nick Briggs, a Spokane real estate agent with Windermere City Group, and I help buyers and sellers make data-driven decisions across Eastern Washington. Whether you’re relocating from the west side or debating between Spokane and Coeur d’Alene, I’ll help you navigate every step with local insight and proven strategy.
📌 Related Blog: Spokane Housing Market Forecast
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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