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Spokane’s real estate market continues to show resilience and value growth, even in shifting national conditions. Whether you're looking for long-term appreciation, short-term equity opportunities, or value-add renovation projects, the city offers a wide variety of neighborhoods to match every investor’s strategy. As a Spokane real estate agent, I’m writing this to share insight based on daily experience working with buyers and investors. Find the best neighborhoods to invest in Spokane. 🏘️ Top Neighborhoods for Investment in Spokane South Hill: Timeless Charm & Enduring Demand South Hill is one of Spokane’s most desirable and well-established areas. With tree-lined streets, vintage homes, and a balanced mix of Craftsman bungalows and newer infill properties, it offers lifestyle appeal few other neighborhoods match. Why Invest Here: Strong buyer and renter demand Homes retain value exceptionally well Ideal for long-term appreciation plays Original architectural details provide value-add renovation potential Keep in Mind:  Older homes may require higher maintenance or capital for updates, but the payoff in resale value is strong. Kendall Yards & West Central: Urban Convenience Meets Growth Kendall Yards, adjacent to downtown and perched along the riverfront, is a modern urban hub. With restaurants, trails, and boutique shopping, it's a magnet for professionals and renters alike. Just next door, West Central offers vintage homes in transition. Why Invest Here: Limited supply of new homes close to downtown Strong appreciation tied to Kendall Yards' growth West Central offers renovation opportunities with lower entry prices Keep in Mind:  Entry prices are higher in Kendall Yards, but investor demand keeps growing. Audubon/Downriver: Northwest Spokane's Quiet Investment Gem Tucked between Riverside State Park and the Spokane River, Audubon/Downriver is a serene, established neighborhood gaining attention for its quality of life and long-term stability. Known for its mid-century homes, mature trees, and close proximity to nature, it blends suburban peace with city accessibility. Why Invest Here: Walkable to Audubon Park, Downriver Golf Course, and neighborhood businesses Mix of mid-century homes and bungalows ideal for updates High demand among renters and buyers seeking quiet, well-connected communities Keep in Mind:  Homes here don’t hit the market often, so timing and local insight matter. Price points are rising due to consistent demand and limited inventory. 📌 Neighborhood Spotlight: Audubon / Downriver Spokane Emerson-Garfield: Affordable Entry with Upside Just north of downtown, Emerson-Garfield is rapidly gaining traction thanks to revitalization efforts, affordable pricing, and strategic location. Why Invest Here: Entry-level pricing with room for renovation Craftsman homes with unique character Walkable to local businesses, North Monroe corridor, and downtown Keep in Mind:  Renovation skill or budget is needed for many properties, making it ideal for flippers or value-add investors. 📈 Spokane Neighborhoods with High Short-Term Growth Riverside (Downtown Spokane) 1-Year Appreciation:  +25.8% 15-Year Appreciation:  +108.6% The city center has exploded with activity, from new condo projects to revived historic buildings. This neighborhood is ideal for flippers or short-term equity growth. Chief Garry Park 1-Year Appreciation:  +14.5% 15-Year Appreciation:  +268.9% Formerly overlooked, this neighborhood is now highly sought-after due to affordability and proximity to downtown. West Valley (Spokane Valley) 1-Year Appreciation:  +12.9% 15-Year Appreciation:  +206.2% Offers space, accessibility, and friendly living, creating steady demand and strong appreciation. North Indian Trail 1-Year Appreciation:  +10.9% 15-Year Appreciation:  +139.4% This suburban area features newer construction and limited inventory, supporting price growth. Whitworth / Country Homes 1-Year Appreciation:  +10.2% 15-Year Appreciation:  +136.8% Spacious lots and north-side convenience make this a favorite among long-term homeowners. 🏗️ Long-Term Value Neighborhoods in Spokane Hillyard 15-Year Appreciation:  +435.7% Hillyard’s revitalization is one of Spokane’s most impressive transformations. It remains one of the best long-term equity bets. Emerson-Garfield 15-Year Appreciation:  +247.8% Still undervalued relative to its location and potential. Renovation-savvy investors thrive here. Bemiss 15-Year Appreciation:  +243% One of the most affordable neighborhoods with consistent growth. Appeals to entry-level investors. Nevada / Lidgerwood 15-Year Appreciation:  +242.4% Centrally located with steady demand, this area rewards patient buy-and-hold strategies. 🔁 Neighborhoods to Watch for Rebound Potential Some neighborhoods have recently cooled but maintain strong fundamentals: Neighborhood 1-Year Appreciation 15-Year Appreciation Insight Cliff-Cannon −9.4% +156.1% Historic, high-end; price correction expected to reverse West Central −8.7% +175.7% Post-revitalization cooldown offers buying opportunity Liberty Lake −8.3% +87.3% Plateaued after luxury surge Rockwood −3.5% +126.7% High-end, stable but slower gains Latah / Hangman −3.2% +134.7% Softened recently, but still popular 🔑 How to Choose the Right Investment Area Define your goal:  Are you focused on appreciation, renovation, cash flow, or lifestyle buyers? Understand your budget:  Know how much you can invest and what your ideal return timeline is. Learn Spokane’s zoning and future growth plans:  They impact what you can do with a property. Work with a local expert: I can help you interpret data, find hidden gems, and guide you to areas aligned with your strategy. 📞 Why Work with a Spokane Real Estate Agent? As a Spokane Realtor, I bring: ✅ Local market expertise ✅ Easy opportunity access ✅ Investment guidance tailored to your needs ✅ Up-to-date insights on growth, appreciation, and zoning 📲 Contact me today for a property tour or customized investor strategy session. 📋 Final Thoughts Spokane real estate presents powerful opportunities for both short- and long-term investors. From emerging neighborhoods to stable legacy areas, there’s something for every strategy. For the best results, pair market insight with expert local guidance. This guide is not financial or tax advice. Always consult with a qualified financial or tax professional before making investment decisions. ❓ FAQ: Best Neighborhoods to Invest in Spokane What are the best neighborhoods to invest in Spokane for long-term value? Hillyard, Emerson-Garfield, Nevada/Lidgerwood, and Bemiss have consistently outpaced average appreciation. Which Spokane neighborhoods are seeing the fastest short-term appreciation? Riverside (Downtown), Chief Garry Park, and West Valley are leading in 1-year growth. Are there still affordable neighborhoods to invest in Spokane? Yes — Emerson-Garfield, Chief Garry Park, and Bemiss offer lower entry points with solid growth potential. Is Spokane still a good market to invest in real estate in 2026? Absolutely. Spokane remains one of the most resilient and appreciating real estate markets in the Pacific Northwest. 📌 Related Blog: Best Neighborhoods in Spokane 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.

🏙️ Introduction: Pacific Northwest Price Check The Pacific Northwest is known for its scenic beauty, innovative culture, and vibrant cities—but also for its rising living costs. If you're comparing the cost of living in Spokane vs Seattle and Portland, you're not alone. Each city offers a distinct lifestyle and price point, but which one is the best fit for your budget and future goals? As a Spokane real estate agent, I’m writing this guide to help you make an informed, cost-savvy decision backed by the most recent housing and economic data. 🏠 Housing Market Showdown When it comes to real estate, housing is the biggest factor driving the cost of living Spokane vs Seattle and Portland. Let’s break it down: Spokane : Median Home Price : $418,000 Average Sold Price : $464,000 Price per Sq. Ft. : $208 Average Days on Market : 46 Sale-to-List Ratio : 96% Seattle : Median/Average Price : ≈ $750,000 Price per Sq. Ft. : ≈ $550 Faster-selling market : 20–25 days Sale-to-List Ratio : 99% Portland : Median Home Price : ≈ $540,000 Price per Sq. Ft. : ≈ $380 Average Days on Market : ~30 Sale-to-List Ratio : 97% Renters Take Note: Spokane’s average rent for a one-bedroom sits around $924/month , far below Seattle’s $1,973  and Portland’s $1,664 . For two-bedroom units, expect $1,300–$1,550  in Spokane, making it ideal for cost-conscious renters. 💡 Monthly Utility Costs Compared Utility costs stay fairly level across Spokane and Seattle, averaging $350/month , while Portland edges lower  at around $320/month  due to its temperate climate. Why Spokane Stands Out: Spokane benefits from inexpensive hydropower , helping offset higher heating needs during winter months. The consistency in costs offers predictability for budgeting homeowners. 🚗 Transit & Driving Costs Across the PNW Transportation preferences vary widely: City Monthly Transit Pass Gas & Driving Costs Spokane ~$60 Lowest of all three Seattle ~$99 High parking & gas costs Portland ~$100 Efficient but busy In Spokane, car ownership is more common. With cheaper gas  and less traffic, your transportation budget goes further—especially in suburban areas. Meanwhile, Seattle and Portland rely heavily on public transportation systems to offset higher car-related expenses. 🎯 Ask me about Spokane neighborhoods with short commutes and affordable parking! 🛒 Food Costs in Spokane vs Seattle & Portland All three cities are above the national average  for groceries, but Spokane sits comfortably in the middle: Spokane : +10% Seattle : +15% Portland : +7% If a grocery basket costs $100 nationally, expect to pay: $110 in Spokane $115 in Seattle $107 in Portland Dining Out?  Spokane’s restaurants offer 10–15% lower prices  than Seattle’s. A mid-range dinner for two: Spokane : ~$75 Seattle : ~$100 Portland : ~$80 🩺 Healthcare Costs and Insurance Trends Health expenses are essential to consider for both individuals and families. Spokane : About 8% above national average Seattle : Around 28% higher Portland : Approximately 10% over average Cost of a primary care visit: Spokane: ~$160 Portland: ~$180–190 Seattle: $200+ 📌 Disclaimer: This is not medical or financial advice. Please consult a licensed professional for healthcare planning. 🎟️ Entertainment & Essentials: Who Pays Less? From gym memberships to haircuts, Spokane proves consistently more affordable in the "extras" category: Expense Spokane Seattle Portland Haircut $28 $48 $35 Movie Ticket $14 $15 $13 Gym Membership ~$45 ~$70 ~$55 These lower everyday costs add up  over time—freeing up your budget for savings, travel, or upgrades. 🏡 Which City Offers the Best Value in 2025? Here’s how the cities rank by overall affordability: City Cost of Living vs. U.S. Average Market Type Affordability Rank Spokane ~4% below average Balanced/Neutral Market ⭐ Most Affordable Portland ~17% above average Slightly Seller’s Market Moderate Seattle ~45% above average Strong Seller’s Market Least Affordable If you’re planning to relocate within the Pacific Northwest, Spokane offers the strongest value —with stable housing, lower daily expenses, and space to grow. 📌 Spokane Real Estate for Relocators: What to Expect When You Move Final Verdict: Spokane vs Seattle & Portland Cost of Living Spokane isn’t just more affordable—it’s more livable . With a well-balanced housing market, lower utilities, and reasonable grocery and health costs, it's the ideal destination for anyone seeking a sustainable city lifestyle without big-city prices. As a Spokane real estate agent, I specialize in helping buyers, sellers, and investors find value in this competitive but welcoming market. Whether you're relocating or investing, I’d be honored to guide you. 📞 Let’s talk about what Spokane has to offer—reach out anytime! ❓FAQs: Cost of Living Spokane vs Seattle & Portland Is Spokane cheaper to live in than Seattle or Portland in 2026? Yes. Spokane has the lowest overall cost of living among the three cities, sitting roughly 4% below the national average—far more affordable than Seattle (+45%) and Portland (+17%). How much is rent in Spokane compared to Seattle and Portland? Spokane’s average rent for a one-bedroom is about $924, while Seattle's is around $1,973 and Portland’s about $1,664. Spokane is clearly the best option for renters. What is the cost of living Spokane vs Seattle for households? Households will find Spokane more affordable due to lower housing, grocery, healthcare, and transportation costs. The lower expenses allow for better long-term budgeting and savings. Why is Spokane more affordable than other Pacific Northwest cities? Spokane combines lower housing prices, cost-efficient utilities, and affordable daily expenses. It offers the benefits of urban living without the steep costs of coastal metros. 📌 Related Blog: Moving to Spokane 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.

Understanding the Spokane Home Price Forecast Spokane’s housing market is shifting gears. After years of rapid price appreciation, it’s settling into a more stable, neutral position. While home values are still rising, they’re doing so at a more measured pace. As a Spokane real estate agent , I’m writing this blog to help you understand where the market is headed so you can make confident, informed decisions whether you're buying, selling, or watching from the sidelines. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. Here's your Spokane home price forecast: What the Most Recent Data Tells Us Home Prices Show Steady but Slower Growth The median sold price  in Spokane now sits at $418,000 , down 2.3%  from the same time last year. Similarly, the price per square foot  has increased to $208 , marking a 2.8% decrease . This trend suggests that Spokane home values are steady, with not enough month over month depreciation to call it a depreciating market. For sellers, this is a good sign that property value is holding somewhat steady. For buyers, it means the market isn’t running away from you, and there may be room to negotiate. Inventory Is Rising — But Still Balanced Active listings have jumped 30.9% year-over-year . The months of inventory  is now at 3.3 , a sign that Spokane has transitioned from a red-hot seller’s market to a more neutral  one. This gives buyers more choices  and slightly more negotiation power , but sellers aren’t at a complete disadvantage—competition is higher, but the market is not flooded. It’s a delicate balance, and strategy matters more than ever. Buyer Demand Remains Resilient Despite rising inventory, homes are still moving. 383 homes went pending , and 413 homes sold , showing continued buyer activity . The average days on market  is up slightly to 46 days , and homes are selling for about 96% of their original list price . This subtle shift gives buyers a little more leverage, but well-priced, well-presented homes are still closing efficiently. Spokane Home Price Forecast: The Next 12 Months Let’s break down the three likely scenarios shaping Spokane’s housing outlook: Base Case: Modest Price Growth (+1% to +3%) This is the most realistic scenario for the year ahead. Demand remains steady, and new construction continues to lag behind needs. These factors should support small gains in home prices , keeping Spokane in a healthy and sustainable appreciation cycle . What this means for sellers: You can expect value retention and slight growth Strategic pricing and professional marketing are key What this means for buyers: Entering the market sooner could be beneficial before prices inch upward Competition is more manageable than years past Downside Scenario: Slight Price Decline (0% to -2%) If mortgage rates rise again or affordability concerns intensify, Spokane could see a minor dip  in home prices. However, a sharp correction remains unlikely due to ongoing demand and low vacancy rates . Tip:  This could be a temporary window for strategic buyers to act before demand rebounds. (Not financial advice—consult with a lending professional for personalized insights.) Upside Scenario: Moderate Appreciation (+4% to +5%) If mortgage rates ease or inventory tightens again, buyers could return in stronger waves, driving up competition and values. This would most likely happen in early 2026. Sellers who can strategically time the market  may benefit from renewed upward momentum. 📌 How Interest Rates Impact Spokane Home Prices Advice for Spokane Buyers and Sellers in 2026 Sellers: Be Proactive and Smart Price competitively, not aggressively Enhance your home's curb appeal and condition Work with a local Realtor who understands buyer psychology and Spokane-specific trends Buyers: Be Strategic, Not Hesitant Get pre-approved and understand your financing options Don’t expect major discounts—but don’t rush either Partner with a local expert who can help you negotiate and spot value Why Work With a Spokane Real Estate Agent Now As your trusted Spokane real estate agent, I can help you: Navigate this shifting, neutral market confidently Price your home to attract strong offers Negotiate favorable terms in both buying and selling Understand timing, local demand pockets, and pricing trends With so many changes ahead, working with someone who lives and breathes the Spokane housing market can make a huge difference in your success. Spokane Home Price Forecast FAQs What is the Spokane home price forecast for 2026? Current projections show modest price increases between +1% to +3%  over the next 12 months, with an upside potential of +4%  and a downside risk of -2%  depending on interest rates and buyer activity. Are home prices in Spokane expected to drop? A significant drop is unlikely. At most, prices might see a slight softening  if mortgage rates rise sharply, but strong local demand  and limited inventory  should prevent a major decline. Is 2026 a good time to sell my Spokane home? Yes—especially if you're strategic. Rising inventory means more competition, but well-prepared homes still sell well . A local Realtor can help you position your property for success in a neutral market. How will rising interest rates impact Spokane’s housing market? Higher rates could dampen affordability, causing a slowdown in buyer activity. However, Spokane’s affordability relative to other markets may soften this impact. (This is not financial advice—please speak with a mortgage professional.) Conclusion: What’s Ahead for Spokane Home Prices The Spokane housing market in 2026 is poised for stable and measured growth . With inventory climbing and buyer demand holding steady, we’re seeing a healthier, more sustainable path forward. Whether you’re considering selling, buying, or just keeping tabs on the market, now’s the time to prepare. 📌 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.

Thinking About Spokane? Here’s What Living Here Actually Costs in 2026 If you’ve been wondering what the cost of living in Spokane looks like in 2026 , you're not alone. As the city grows and the real estate market shifts, understanding the real numbers behind home prices, utilities, and everyday expenses is key—especially if you're planning to move or sell. I’m a Spokane real estate agent, and that’s why I’m writing this blog—to break it down step-by-step so you can make smart, informed decisions. What Does “Cost of Living in Spokane” Really Mean? The cost of living in Spokane  includes everything from housing and utilities to transportation and food. This blog focuses heavily on housing and utility costs in 2026, since they make up the bulk of most household budgets. Remember, this guide is educational and not legal, tax, or financial advice—please consult appropriate professionals for those areas. Housing Costs in Spokane in 2026: What’s Changed? 🏠 Median & Average Home Prices (2026) Median Sold Price:  $418,000 — depreciating slightly month-over-month Average Sold Price:  $464,000 — down 8.1% from last year Price per Sq Ft:  $208 — slightly down 2.8% YoY This reflects a neutral market  where values are stable, but selection is improving. In fact, inventory is up 30.9% year-over-year , giving buyers more options than they had in 2025. Pro Tip:  With the market still balanced, this may be a great time to explore neighborhoods that fit your price range. As a Spokane real estate agent, I can help you compare areas by budget and long-term value. Spokane Neighborhood Guide 📊 Market Activity in 2026: Days on Market & Demand Days on Market:  46 days on average (up 21.1% YoY) Sold-to-List Ratio:  96% — sellers are pricing reasonably, and buyers are negotiating a little Months of Inventory:  3.3 — up 37.9%, solidly neutral A home listed today takes longer to sell than last year, but that gives buyers more breathing room. If you're selling, pricing strategically is more important than ever. 🏡 Rental Market in Spokane in 2026 Though rent prices fluctuate based on neighborhood and property type, current averages are: 1-bedroom apartment:  ~$1,135/month 2-bedroom apartment:  ~$1,405/month 3-bedroom apartment:  ~$1,833/month Expect seasonal shifts, with slightly higher demand (and prices) in spring and summer. Spokane Rent vs Buy Monthly Utility Costs in Spokane: 2026 Snapshot 💧 Water, Sewer, Garbage & Stormwater Here’s what Spokane homeowners can expect in monthly charges: Water (average usage):  ~$19.04 base + consumption Wastewater:  ~$37.74 Stormwater:  ~$5.31 Solid Waste (garbage/recycling):  ~$42.04 These rates reflect typical “inside city” charges. Higher summer water usage could increase your bill by $7–$10/month. ⚡ Electricity, Gas & Heating Electric bills depend on your heating method (electric vs gas) and square footage, but average costs for a ~1,000 sq ft home or apartment include: Electricity (summer):  ~$50 Electricity (winter):  ~$150–$200 Gas (heat):  ~$30–$75 depending on the month Total Utilities (electric, gas, water):  ~$222.54/month Pro tip: If your home uses a heat pump, your winter costs could be much lower. 🌐 Internet & Other Utilities Internet (60 Mbps average):  ~$67.80/month Mobile & Streaming Bundles:  Varies widely—local carriers often run promotions Look for bundling opportunities if you work from home or have a multi-device household. Everyday Costs That Shape Spokane’s Budget Reality 🛒 Grocery Costs Grocery prices in Spokane are roughly 6.7% above the national average , with household staples like produce, eggs, and bread seeing small regional premiums. Farmers markets and warehouse stores offer great alternatives for bulk buying or local savings. 🚗 Transportation & Commuting Gas Prices:  Vary, but Spokane’s transportation costs are ~16% above national average Spokane Transit (STA):  ~$2 standard fare with a 2-hour transfer New City Line BRT:  Improved cross-city accessibility for commuters If you commute to downtown or hospitals, proximity to public transit can reduce costs significantly. What’s a Realistic Budget to Live in Spokane in 2026? Let’s break it down for two typical household types: 💼 Single Adult Renter Rent: ~$1,135 Utilities: ~$222 Groceries/transportation/misc: ~$1,150 Estimated Total:  $2,500–$3,000/month 👨‍👩‍👧 Household of 4 Mortgage (on $445K home): ~$2,300–$2,600 (est.) Utilities/Insurance/Maintenance: ~$600–$750 Other Expenses: ~$2,000+ Estimated Total:  $5,000–$6,500/month Always build in a 10–15% buffer for variable or unexpected costs. Step-by-Step Guide: Using Spokane’s Cost of Living to Plan Your Move Define Your Housing Type:  Renting or buying? Estimate Home Cost or Rent:  Use up-to-date stats above Calculate Monthly Utilities:  Water, electricity, internet Factor Transportation & Commute:  Gas, car, or public transit? Add Food, Healthcare, Extras:  Build in realistic daily expenses Leave a Cushion:  Add 10% for flexibility Consult with a Local Expert:  I help Spokane buyers and sellers create personalized plans based on their goals (Contact Me) FAQs: Cost of Living in Spokane 2026 What is the average cost of living in Spokane in 2026? A single adult renter typically needs around $2,500–$3,000/month, while a family of four owning a home might budget $5,000–$6,500/month. What are 2026 housing prices in Spokane? As of August 2025, the median sold price  is $418,000 and the average price  is $464,000. The market is considered neutral, with increasing inventory and homes selling in about 46 days on average. Are utilities expensive in Spokane in 2026? Utilities cost about $222.54/month  for a modest-sized property, including water, garbage, heating, and electricity—plus ~$67 extra for internet. Is Spokane still affordable in 2026? Compared to many Pacific Northwest cities, yes. Spokane remains more affordable than Seattle or Portland, especially in housing, though some living expenses like groceries and transportation are slightly higher than the U.S. average. Need Help Navigating Spokane’s 2026 Housing Market? As a local Spokane real estate agent, I specialize in helping buyers and sellers make smart decisions based on local data—not guesswork. Whether you're planning to move, sell, or invest, I’d love to guide you through Spokane’s evolving market with insight and care. Let’s talk about your next move. Schedule a consultation 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.

The 2026 housing market for Spokane remains balanced, with the median sold price standing at $418,000 and year‑over‑year depreciation of 2.8%. Over the past 15 years, values have grown by an eye‑opening 150%+ across the city, signalling long‑term strength even as short‑term growth slows. Homes are selling at a healthy pace, and buyer demand remains steady. As a Spokane real estate agent, I’m writing this local breakdown to help guide you through Spokane real estate by neighborhood. Spokane Real Estate by Neighborhood in 2026 City‑wide, the market is neutral—neither buyers nor sellers hold a pronounced advantage. Inventory is reasonable, home values are stable, and long‑term equity gains are strong. If you're looking to buy or sell, focusing on hyper‑local neighborhood trends is essential. I can help you dive into your target area, ensuring you make an informed move. The following data is based on the most recent data available. Neighborhood Breakdown: Takeaways 🗺️ North Spokane Neighborhoods Each neighborhood below highlights the median sold price, inventory status, days on market (DOM), and key takeaways for buyers and sellers. Audubon / Downriver Median Sold Price:  $355 K, up 1.4% YoY Inventory: 2.7 months. Average price/sq ft: $180, down 7.2% YoY; yet 150% up since 2010. Homes sell in ~25 days at 98% of list. Buyer takeaway : Slight seasonal relief—great time to buy in this reliable area. Seller takeaway : Inventory remains low; price correctly and you’ll sell fast. Balboa / South Indian Trail Median Sold Price: $470 K, up 8.3% YoY Inventory: 3.9 months (neutral market). Avg price/sq ft: $159 (down 3.6% YoY), up 152% since 2010 DOM: ~16 days at 98% of list. Buyer takeaway : More options, less pressure. Seller takeaway : Price right; homes still sell quickly. Fairwood Median Sold Price: $580 K (+3.7% YoY) Inventory: 4.0 months (neutral). Avg price/sq ft: $229 (+2.3% YoY) DOM: ~28 days at 98% of list. Buyer takeaway : Balanced market—good time to buy into north side suburban living. Seller takeaway : Properly priced homes continue to sell quickly. Five Mile Prairie Median Sold Price: $622 K up 17.6% YoY Inventory: 2.5 months (seller’s market). Avg price/sq ft: $226 (‑2.2% YoY) but up 119% since 2010. DOM: ~31 days at 97% of list. Buyer takeaway : Limited supply—act quickly. Seller takeaway : Excellent time to list given strong appreciation and low inventory. Mead Median Sold Price: $510 K (+6.3% YoY) Inventory: 4.2 months (neutral). Avg price/sq ft: $213 (+7.6% QoQ) DOM ~28 days at 98% of list. Buyer takeaway : More inventory = more choice. Seller takeaway : Homes still sell close to ask when staged and priced right. Nevada / Lidgerwood Median Sold Price: $290 K (up 0.7% YoY) Inventory: 2.8 months (seller’s market). Avg price/sq ft: $176 (down 9.3% QoQ) DOM ~21 days at 98% of list. Buyer takeaway : Affordable, active market—good entry point. Seller takeaway : Quick sales still possible—condition and presentation are key. North Hill Median Sold Price: $339 K (+3.4% YoY) Inventory: 2.6 months. Avg price/sq ft: $202 (+4.1% YoY) DOM ~22 days at 98% of list. Buyer takeaway : Good value close to downtown/Garland area. Seller takeaway : Continued appreciation—good time to list. North Indian Trail Median Sold Price: $503 K (+8.4% YoY) Inventory: 3.1 months (neutral). Avg price/sq ft: $196 (‑2.5% YoY) DOM ~38 days at 96% of list. Buyer takeaway : More choice, quieter competition. Seller takeaway : Strong area; realistic pricing will achieve best results. Shiloh Hills Median Sold Price: $390 K (down 3.1% YoY) Inventory: 4.4 months (neutral). Avg price/sq ft: $193 (+2.6% YoY) DOM ~27 days at 97% of list. Buyer takeaway : Inventory increasing—more opportunity. Seller takeaway : Still good demand; standout homes sell quickly. Wandermere Median Sold Price: $599 K (+2.9% YoY) Inventory: 3.3 months (strong but balanced). Avg price/sq ft: $239 (+3.6% YoY) DOM ~31 days at 97% of list. Buyer takeaway : Premium area—good long‑term value. Seller takeaway : Strong demand; pricing and presentation matter. Whitworth / Country Homes Median Sold Price: $440 K (+3.5% YoY) Inventory: 4.2 months (neutral). Avg price/sq ft: $195 DOM ~28 days at 97% of list. Buyer takeaway : Mix of suburban setting and north side convenience. Seller takeaway : Solid and consistent—good time to list. 🏞️ South Hill + Central Spokane Cliff‑Cannon Median Sold Price: $470 K (down 3.5% YoY) Inventory: ~4 months (neutral). Avg price/sq ft = $247 DOM ~30 days at 97% of list. Buyer takeaway : Entry into historic character area at a relative discount. Seller takeaway : Nice long‑term value—price correctly to achieve best outcome. Comstock Median Sold Price: $620 K (+4.5% YoY) Inventory: ~3.5 months (neutral). Avg price/sq ft = $248 DOM ~27 days at 99% of list. Buyer takeaway : Scarce listings—good long‑term hold. Seller takeaway : High demand continues; now is a strong window. East Central Median Sold Price: $345 K (‑0.9% YoY) Inventory: 3.7 months. Avg price/sq ft = $212 DOM ~26 days at 98% of list. Buyer takeaway : Balanced and central—great for value. Seller takeaway : Listing condition matters; still quick sales possible. Lincoln Heights Median Sold Price: $398 K (+2.4% YoY) Inventory: 3.6 months (neutral). Avg price/sq ft = $211 DOM ~24 days at 99% of list. Buyer takeaway : Mild softening means good timing to buy. Seller takeaway : Solid demand remains; proper pricing wins. Manito / Cannon Hill Median Sold Price: $622 K (+4.1% YoY) Inventory: ~2.5 months (seller’s market). Avg price/sq ft = $283 DOM ~20 days at 98% of list. Buyer takeaway : Limited supply—move quickly on listings. Seller takeaway : Very strong demand—prime opportunity. Rockwood Median Sold Price: $670 K (down 3.5% YoY) Inventory: 4.1 months (neutral). Avg price/sq ft = $284 DOM ~29 days at 98% of list. Buyer takeaway : Luxury area—moderate buyer leverage appearing. Seller takeaway : Premium neighborhood—value holds strongly. 🌆 Spokane Urban Core + Nearby Browne’s Addition Median Sold Price: $495 K (+2.1% YoY, ‑2.4% QoQ) Inventory: 3.6 months (neutral). Avg price/sq ft = $221 DOM ~31 days at 97% of list. Buyer takeaway : Historic urban core—opportunities especially for condos. Seller takeaway : Solid area but presentation and pricing matter. Chief Garry Park Median Sold Price: $325 K (+8.3% YoY) Inventory: 3.4 months (neutral). Avg price/sq ft = $212 DOM ~27 days at 98% of list. Buyer takeaway : Emerging centrally‑located neighborhood—good value. Seller takeaway : Demand continues—updated homes command interest. Emerson / Garfield Median Sold Price: $315 K (+1.6% YoY) Inventory: 3.9 months (neutral). Avg price/sq ft = $179 DOM ~23 days at 99% of list. Buyer takeaway : Entry‑level and centrally placed. Seller takeaway : Move‑in‑ready homes sell fast. Logan Median Sold Price: $309 K (‑2.2% YoY) Inventory: 2.8 months (seller’s market). Avg price/sq ft = $166 DOM ~24 days at 96% of list. Buyer takeaway : Great value close to university and downtown. Seller takeaway : Pricing and condition critical—comp still tight. Riverside  (Downtown) Median Sold Price: $459 K (+25.8% YoY) Inventory: 3.2 months (neutral). Avg price/sq ft = $271 DOM ~27 days at 96% of list. Buyer takeaway : Urban core with strong growth. Seller takeaway : Recent gains strong—some softness possible ahead. West Central Median Sold Price: $370 K (‑17.3% YoY) Inventory: 3.4 months (neutral). Avg price/sq ft = $220 DOM ~28 days at 96% of list. Buyer takeaway : Discounted area near downtown—value picks. Seller takeaway : Presentation and pricing more important than ever. 🏘️ Spokane Valley Neighborhoods Bella Vista Median Sold Price: $783 K (‑5.1% YoY) Inventory: 8.5 months (buyer’s market). Avg price/sq ft = $224 (+14.9% YoY) DOM ~32 days at 98% of list. Buyer takeaway : Rare buyer’s market for a premium valley hillside area. Seller takeaway : More competition—pricing and staging crucial. Chester Median Sold Price: $497 K (+3.3% YoY) Inventory: 2.0 months (seller’s market). Avg price/sq ft = $217 (‑4.8% YoY) DOM ~33 days at 99% of list. Buyer takeaway : Low inventory—be ready. Seller takeaway : Continued strong demand—excellent time to list. East Valley Median Sold Price: $395 K (‑0.8% YoY) Inventory: 2.7 months (seller’s market). Avg price/sq ft = $191 (‑14% QoQ) DOM ~20 days at 97% of list. Buyer takeaway : Competitive but still some room. Seller takeaway : Timing and price execution still work. Greenacres Median Sold Price: $560 K (+6.9% YoY) Inventory: 4.8 months (neutral). Avg price/sq ft = $234 (‑2.5% QoQ) DOM ~39 days at 97% of list. Buyer takeaway : More inventory = more selection. Seller takeaway : Longer market times—better preparation needed. Millwood Median Sold Price: $370 K (‑3.4% YoY) Inventory: 2.9 months (seller’s market). Avg price/sq ft = $191 (‑9.5% YoY) DOM ~10 days at 99% of list. Buyer takeaway : Fast‑moving, affordable valley area—act quickly. Seller takeaway : Excellent demand—now is time to list. Northwood Median Sold Price: $585 K (+8.7% YoY) Inventory: 5.7 months (neutral). Avg price/sq ft = $225 (+10.3% YoY) DOM ~36 days at 95% of list. Buyer takeaway : Larger lots, more space—balanced market. Seller takeaway : Listing still good—but expect slightly longer market time. Opportunity Median Sold Price: $430 K (+0.5% YoY) Inventory: 3.5 months (neutral). Avg price/sq ft = $192 (‑5.9% YoY) DOM ~32 days at 96% of list. Buyer takeaway : Solid value; good window to buy. Seller takeaway : Price realistically—market has cooled slightly. Otis Orchards Median Sold Price: $465 K (‑0.6% QoQ) Inventory: 3.7 months (neutral). Avg price/sq ft = $247 (‑2.4% YoY) DOM ~34 days at 95% of list. Buyer takeaway : More inventory—good time to explore. Seller takeaway : Staging and strong condition are key. Ponderosa Median Sold Price: $615 K (+3.5% YoY) Inventory: 4.3 months (neutral). Avg price/sq ft = $228 (+2.4% YoY) DOM ~31 days at 97% of list. Buyer takeaway : Premium valley area—balanced conditions emerging. Seller takeaway : Still strong demand; marketing counts. University (Spokane Valley) Median: $450 K (+3.1% YoY) Inventory: 3.9 months (neutral). Avg price/sq ft = $209 (+2.4% YoY) DOM ~29 days at 98% of list. Buyer takeaway : Central valley location—good value. Seller takeaway : Balanced market—presentation still makes difference. West Valley Median Sold Price: $395 K (+12.9% YoY) Inventory: 3.8 months (neutral). Avg price/sq ft = $187 (flat YoY) DOM ~25 days at 98% of list. Buyer takeaway : Affordable with strong long‑term growth. Seller takeaway : Good momentum—well‑priced homes move fast. 🌳 Rural + Scenic Areas Greenbluff / Mt. Spokane Median Sold Price: $1.18 M (+7.4% YoY); Inventory: 7.4 months (buyer’s market). Avg price/sq ft = $312 (+5% YoY) DOM ~47 days at 96% of list. Buyer takeaway : Unique rural‑luxury opportunity with more inventory than usual. Seller takeaway : Softened market—price realistically and highlight lifestyle value. Latah / Hangman Median Sold Price: $540 K (+3.8% YoY) Inventory: 5.5 months (neutral). Avg price/sq ft = $249 DOM ~38 days at 96% of list. Buyer takeaway : Balanced suburb with good value. Seller takeaway : Steady demand—preparation and condition matter. Liberty Lake Median Sold Price: $465 K (‑19.8% YoY) Inventory: 3.8 months (neutral). Avg price/sq ft = $255 (‑7.3% YoY) DOM ~46 days at 95% of list. Buyer takeaway : Buyer leverage increasing in a high‑end suburb—good entry point. Seller takeaway : Shifting market—price smart and prepare for longer marketing. Newman Lake Median Sold Price: $785 K (+12.1% YoY) Inventory: 4.7 months (neutral). Avg price/sq ft = $340 (+1.8% QoQ) DOM ~30 days at 97% of list. Buyer takeaway : High‑end lake‑front market—still strong value for lifestyle buyers. Seller takeaway : Good demand—quality listings still move quickly. 🏡 Affordable Entry‑Level Areas Bemiss Median Sold Price: $278 K (+0.7% YoY) Inventory: 3.8 months (neutral). Avg price/sq ft = $187 (+9.4% QoQ) DOM ~16 days at 99% of list. Buyer takeaway : Strong entry‑level opportunity with quick turnover. Seller takeaway : Demand remains—move fast when ready. Hillyard Median Sold Price: $290 K (+9.4% YoY) Inventory: 2.2 months (seller’s market). Avg price/sq ft = $190 DOM ~26 days at 98% of list. Buyer takeaway : Among Spokane’s best affordable options with long‑term upside. Seller takeaway : Low inventory and strong demand—good window. Minnehaha Median Sold Price: $304 K (‑7.9% YoY) Inventory: 6.5 months (buyer’s market). Avg price/sq ft = $203 DOM ~17 days at 97% of list. Buyer takeaway : More selection and negotiation room—strong first‑time buy. Seller takeaway : Market shifting—quality and price matter more now. Shadle Median Sold Price: $335 K (+1.8% YoY) Inventory: 3.5 months (neutral). Avg price/sq ft = $192 DOM ~22 days at 98% of list. Buyer takeaway : Central, affordable, steady market. Seller takeaway : Still good demand—condition is key. Whitman Median Sold Price: $310 K (+2.7% YoY) Inventory: 4.5 months (neutral). Avg price/sq ft = $188 DOM ~26 days at 98% of list. Buyer takeaway : Affordable and consistent—strong value. Seller takeaway : Balanced market—presentation and pricing win. 🧠 Tips for Buyers & Sellers Based on Spokane’s 2025 Trends Understand your inventory level  – Neighborhoods with under ~3 months of inventory lean seller’s market; over ~5 months lean buyer’s. Pricing matters  – Even in strong markets, homes priced too high can languish. Condition & presentation count  – Updated, clean homes sell faster and closer to list. Use local expertise  – With multiple neighborhoods, each has its own micro‑market. As your trusted Spokane real estate agent, I guide you through the nuances so you can buy or sell with confidence. Plan ahead  – Even though the city‑wide market is neutral, the best outcomes come from strategic timing and preparation. 💬 FAQs How is Spokane real estate by neighborhood performing in 2026? Performance varies by neighborhood. Overall, the city is in a neutral market. Some areas remain seller‑favored (e.g., Five Mile Prairie, Manito / Cannon Hill) while others show buyer opportunities (e.g., Minnehaha, Liberty Lake). The key is examining local data before making a move. What is the best Spokane neighborhood to buy a home in 2026? That depends on your budget, needs, and priorities. For first‑time buyers, affordable areas like Bemiss or Hillyard may be strong choices. For move‑up buyers, communities like Lincoln Heights or North Indian Trail offer balance. I can help you identify the best fit. Where is Spokane’s real estate market most affordable right now? Entry‑level neighborhoods such as Hillyard (median ~$290K) and Beleiss (~$278K) show strong long‑term gains and good affordability. Inventory and days on market vary, so you’ll want to move quickly when something well‑priced appears. How do I choose the right Spokane neighborhood to buy or sell in? Consider factors like inventory level, median price, days on market, long‑term growth, and your lifestyle needs. As your Spokane real estate agent, I provide neighborhood‑specific insights to match your unique goals and timing. 🧭 Conclusion: What This Means for You The “Spokane real estate by neighborhood” landscape in 2026 is characterized by balance—city‑wide stability but neighborhood‑specific variation. Whether you're a buyer looking for value or a seller seeking optimal timing, the details at the neighborhood level matter most. As your dedicated Spokane real estate agent, I’m here to guide you through the nuances of each area, support your goals, and help you execute with confidence. Let’s connect and make your move the right one. 📌 House Valuation Process in Spokane: Appraisers, Assessments & Methods 📌 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.

Spokane’s Home Appreciation Trends: What the Latest Data Shows Spokane’s housing market continues to hold strong, even as national markets fluctuate. According to the most recent local data, the median sold price across Spokane County is $418,000 , marking a 2.3% year-over-year decrease  and a 150.2%+ rise over the past 15 years average yearly median sold prices . These numbers confirm what many already know—Spokane remains one of the most resilient and steadily appreciating markets in the Pacific Northwest. I’m sharing this breakdown because, as a Spokane real estate agent , I work daily with buyers and sellers navigating these market shifts, helping them identify the best Spokane neighborhoods for appreciation. The following is not financial advice, it's just a collection of data that I wanted to provide. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. 🚀 Short-Term Investment Hotspots (High 1-Year Growth) If you’re looking for neighborhoods showing rapid short-term appreciation, these areas are leading the charge—ideal for near-term equity growth or strategic flips. 1. Riverside (Downtown Spokane) Median Home Price:  $459,000 1-Year Appreciation:  +25.8% 15-Year Appreciation:  +108.6% Downtown Spokane has surged back to life. From condo conversions and boutique hotels to a growing restaurant and arts scene, demand for downtown living is skyrocketing this year. While its long-term growth is more modest, the current surge points to a rebound phase  that could deliver outsized short-term gains. 2. Chief Garry Park Median Home Price:  $332,000 1-Year Appreciation:  +14.5% 15-Year Appreciation:  +268.9% Chief Garry Park has evolved from overlooked to in-demand. Its proximity to downtown and improving infrastructure make it a top contender for both first-time buyers  and value investors . With home prices still below the city median, there’s room for additional appreciation. 3. West Valley (Spokane Valley) Median Home Price:  $395,000 1-Year Appreciation:  +12.9% 15-Year Appreciation:  +206.2% Spokane Valley’s steady and spacious appeal keeps this market strong. Homes with larger lots attract long-term residents, leading to consistent appreciation over time. 4. North Indian Trail Median Home Price:  $510,000 1-Year Appreciation:  +10.9% 15-Year Appreciation:  +139.4% A suburban area with limited supply, North Indian Trail continues to outperform. Expect steady value growth driven by newer construction and tight inventory. 5. Whitworth / Country Homes Median Home Price:  $528,000 1-Year Appreciation:  +10.2% 15-Year Appreciation:  +136.8% With spacious lots and established neighborhoods near north Spokane’s amenities, Whitworth and Country Homes continue to attract long-term homeowners. Its stable appreciation rate makes it a balanced bet for investors and move-up buyers  alike. 🏗️ Long-Term Value Builders (Strong 15-Year Appreciation) These areas have created significant equity for homeowners and are expected to keep doing so over the next decade. 1. Hillyard Median Home Price:  $300,000 1-Year Appreciation:  +7.9% 15-Year Appreciation:  +435.7% Hillyard’s transformation has been remarkable. Once one of Spokane’s most affordable neighborhoods, it’s now a revitalization success story . Ongoing redevelopment and its lower price point make it a favorite for investors seeking long-term equity. 2. Chief Garry Park Already mentioned for short-term gains, this neighborhood also ranks second for long-term appreciation—proof of its balanced strength. 3. Emerson / Garfield Median Home Price:  $313,000 1-Year Appreciation:  +0.9% 15-Year Appreciation:  +247.8% Located just north of downtown, Emerson/Garfield combines accessibility with affordability. The recent plateau may signal a temporary pause before another growth cycle , making this a smart entry point for buyers. 4. Bemiss Median Home Price:  $295,000 1-Year Appreciation:  +7.3% 15-Year Appreciation:  +243% Steady and affordable, Bemiss has delivered reliable growth over time. Continued buyer demand for entry-level housing supports its long-term stability. 5. Nevada / Lidgerwood Median Home Price:  $291,000 1-Year Appreciation:  +2.1% 15-Year Appreciation:  +242.4% A long-time centrally located favorite, this area remains undervalued relative to the city median. Expect slow but consistent appreciation , ideal for buy-and-hold investors. ⚠️ Neighborhoods to Watch (Potential Rebounds) Some neighborhoods have cooled recently, but their strong fundamentals suggest recovery opportunities  ahead. Neighborhood 1-Year Appreciation 15-Year Appreciation Market Insight Cliff-Cannon −9.4% +156.1% Historic district with high-end appeal; likely short-term correction before renewed demand. West Central −8.7% +175.7% Near Kendall Yards; cooling after rapid revitalization, but maintains rental and long-term potential. Liberty Lake −8.3% +87.3% Plateau after years of luxury growth; best suited for lifestyle buyers. Rockwood −3.5% +126.7% High-end homes; stable but slower appreciation. Latah / Hangman −3.2% +134.7% Friendly suburban pocket softening after prior price jumps. 💡 Key Takeaways: Where to Invest in Spokane Real Estate Best short-term opportunities:   Riverside, Chief Garry Park, West Valley Strongest long-term equity builders:   Hillyard, Emerson/Garfield, Bemiss, Nevada/Lidgerwood Likely rebound areas:   Cliff-Cannon, West Central Plateaued or luxury-stable:   Liberty Lake, Rockwood, Latah/Hangman 📌 Spokane Real Estate by ZIP Code & Neighborhood: A Local Breakdown FAQ: Best Spokane Neighborhoods for Appreciation Which Spokane neighborhoods are appreciating the fastest? Based on the most recent data, Riverside (Downtown)  and Chief Garry Park  have seen the highest year-over-year appreciation, driven by downtown revitalization and affordability. What are the best Spokane neighborhoods for long-term value? Hillyard, Emerson/Garfield, Bemiss, and Nevada/Lidgerwood have all outperformed Spokane’s citywide average over the past 15 years. Are there Spokane neighborhoods currently undervalued? Yes. Areas like Cliff-Cannon and West Central are temporarily cooling but remain strong bets for investors who understand Spokane’s long-term growth patterns. Should I invest in Spokane now or wait for lower rates? Timing depends on your goals. Even with current rates, Spokane’s affordability compared to larger metros offers significant appreciation potential. (This is not financial advice—consult a licensed mortgage or financial professional before making investment decisions.) Work With a Local Expert Understanding which neighborhoods are rising—and why—takes local insight and data. As a Spokane real estate agent , I help buyers and investors identify where appreciation trends align with their goals. Whether you’re looking for a high-growth flip or a long-term equity play, I can help you find the right opportunity in Spokane’s evolving market. 📌 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.

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 $418,000 , an average sold price of $464,000 , and roughly $208 per square foot , Spokane continues to offer buyers strong value and sellers consistent movement.Average days on market (DOM)  sit at 46 , while months of inventory (MOI)  hover around 3.3 , 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. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. Spokane vs Seattle Prices:  Seattle’s median $950K —more than double Spokane’s. $/SqFt:  Seattle $545  vs Spokane $208 . Speed:  Both move quickly (Seattle 27 DOM vs Spokane 46). Supply:  MOI nearly equal (Seattle 3.0, Spokane 3.3). 💡 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 $208  (1.7× higher). Speed:  CDA homes take 92 days  to sell vs Spokane’s 46. 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 $418K . $/SqFt:  $313 vs $208. Speed:  DOM 28 (Tacoma) vs 46 (Spokane). Supply:  Tacoma’s 2.3 MOI  shows seller leverage; Spokane’s 3.3  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 $418K/$4464K . $/SqFt:  Nearly identical ($217 vs $208). Speed:  Both at ~31–46 DOM. Supply:  Neutral for both (Tri-Cities 3.4 vs Spokane 3.3). 🤝 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 $208 (+43%). Speed:  Both average 46 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 $208 (~3.3×). Speed:  Bellevue 28 DOM vs Spokane 46. 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 $208. Speed:  32 vs 46 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 $208 (~1.9×). Speed:  Everett 34 DOM vs Spokane 46. 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 $208 (~2×). Speed:  DOM 30 vs 46. 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 $208/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 3.3 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 25–46 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. 📌 Spokane Home Price Forecast: The Next 12 Months 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 2026? Yes — Spokane’s median sold price of $418K  and $208/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 46 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.

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? Inventory Snapshot: What Rising Supply Means for You Price Trends: Where Spokane Home Values Are Headed Interest Rate Forecast: Relief in Sight Days on Market & Buyer Behavior What This Means for Spokane Buyers & Sellers Deeper Local Market Insights FAQs: Spokane Housing Market Forecast Questions Answered Final Thoughts Market Overview: Is Spokane a Buyer’s or Seller’s Market in 2026? As of early 2026, Spokane's market continues to transition from a strong seller's market to a more neutral environment. The latest numbers show approximately 2,151 active listings , up 28.5% year-over-year. With 3.3 months of inventory based on closed sales, we’re still not in full buyer’s market territory—but it’s a clear shift from the tight supply of previous years. In 2026, you can expect fewer bidding wars and more negotiating room. Buyers have more options, while sellers need to be more strategic with pricing and presentation. Inventory Snapshot: What Rising Supply Means for You Inventory has increased significantly. Active listings are up 30.9% YoY . This is crucial for how buyers and sellers will act in 2026. With about 3.3 months of supply, Spokane is firmly in the “neutral” zone, rather than having an extreme seller advantage. However, we are not deep into a buyer’s market yet. The forecast calls for inventory to rise another 5–10% as demand remains healthy. What this means in practice: Buyers: You’ll find more selection and less urgency than in the ultra-competitive years. Sellers: You’ll still find demand, but homes must be market-ready to stand out. We expect inventory to trend slightly higher in 2026, especially in the spring and summer months. That could further moderate price growth. For a deeper dive into inventory data, see my post on: 📌 Spokane Housing Inventory: What the Numbers Mean for You . Price Trends: Where Spokane Home Values Are Headed Here’s a snapshot of current price data: Median sold price: $418,000 , down about 2.3% year-over-year . Average price per square foot: ~$208, down 2.8% from the year prior. The average sold price ($493,000) shows some short-term volatility, including a 0.8% increase compared to the prior month. Looking ahead, the base forecast is for modest appreciation between 0% and 2% over the year, with more pronounced growth possible in desirable neighborhoods with low turnover. Key takeaways: Buyers can expect more stable pricing and less pressure to overbid Sellers should price realistically and highlight condition and location This is not a declining market, but a cooling one For more on value trends over time, check out: 📌 Spokane Home Values: 5-Year Trend & What It Means 📌 Spokane Home Price Forecast: The Next 12 Months . 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: 📌 How Interest Rates Impact Spokane Home Prices . Days on Market & Buyer Behavior The average days on market (DOM) in Spokane recently sits around 46 days . This is up 21.1% from prior years and indicates a moderation in the pace of sales. Expect DOM to hover in the 40–50 day range for most of 2026. Buyers: You will have more time to evaluate homes and make better decisions. Sellers: Speed is no longer the dominant metric—strategic preparation matters more. Pricing, condition, and marketing will all become more important to stand out. For context on speed and competition in recent years, check out: 📌 Are Spokane Homes Selling Fast in 2026? . What This Means for Spokane Buyers & Sellers For Buyers: Expect more choices and better terms Use rate buydowns or adjustable-rate options to manage payments Focus on long-term value—this is a good time for thoughtful purchases For Sellers: The market is still moving, but preparation is key Price competitively and market strategically Be flexible on terms to compete with rising inventory As your trusted Spokane real estate agent, I’m here to guide you through either scenario—whether you’re buying, selling, or just staying informed. Deeper Local Market Insights To deepen your knowledge, I recommend exploring the following cluster posts: 📌 Best Spokane Neighborhoods for Home Price Appreciation 📌 Spokane Real Estate by ZIP Code & Neighborhood: A Local Breakdown 📌 Spokane vs Nearby Cities: Home Prices, Speed & Affordability 📌 Spokane Housing Market: Year-in-Review 📌 How Much Do Homes Cost in Spokane? 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? No—based on current data and local forecasts, the market is heading toward stability, not collapse. Inventory is rising, prices are seeing modest growth of 0%-3%, and days on market are increasing. None of this signals a crash. What will Spokane home prices look like in 2026? The forecast calls for median sold home-price growth in the 0%-3% range. Given the current median of ~$418,000, that suggests modest appreciation rather than dramatic swings. Will 2026 be a good year to buy a home in Spokane? Yes. More inventory, pricing discipline, and a slightly better rate outlook make it a favorable environment for buyers compared to the tight conditions of recent years. However, affordability still matters, so strategic timing and expert guidance are important. Is Spokane a buyer’s or seller’s market in 2026? It’s a balanced market , leaning slightly toward buyers compared to previous years. With ~3.3 months of inventory and rising supply, buyers have more leverage. However, sellers who price and prepare well will still succeed. How long will it take to sell a home in Spokane in 2026? Average days on market are forecast to fall in the 30–50 day range. This is slower than the lightning pace of the frenzy years, but still reasonable. Sellers should plan for preparation and marketing rather than assuming immediate offers. Final Thoughts In summary, the Spokane housing market in 2026 is shaping up to be steady, well-balanced, and more predictable than the rapid-appreciation era we’ve just experienced. With increased inventory, moderate price growth, and slightly improved financing conditions, both buyers and sellers can find opportunities—provided they act intelligently. If you’re thinking of buying or selling in Spokane next year, I’d love to help you assess your options and build a winning strategy. Reach out today for a free home valuation or a conversation about your goals and how the 2026 market forecast applies to you. 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.

Navigating Spokane’s Home Loan Landscape in 2026 Choosing the right mortgage is one of the biggest decisions Spokane homebuyers will make in 2026. With interest rates, loan limits, and housing market conditions evolving quickly, understanding your options— Conventional, FHA, and VA loans —can help you make a confident and informed decision. As a Spokane real estate agent , I’ve created this guide to help you weigh your choices based on current market trends, lending criteria, and local conditions. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. What Are the Main Home Loan Options in Spokane? Home loan options in Spokane generally fall into three major categories: Conventional loans  – not backed by the government, ideal for buyers with solid credit and larger down payments FHA loans  – backed by the Federal Housing Administration, often used by first-time or lower-credit buyers VA loans  – exclusive to eligible veterans and active military members, backed by the U.S. Department of Veterans Affairs Conventional Loans in Spokane: Who Are They Best For? What Is a Conventional Loan? A conventional loan is a mortgage not insured by the federal government. In Spokane, it’s a go-to for buyers with strong credit (typically 680+)  and the ability to put down at least 5–20% . Pros of Spokane Conventional Loans No private mortgage insurance (PMI) if you put down 20% Flexibility in property types and loan amounts Competitive interest rates for qualified buyers Cons Stricter credit and income qualifications Larger upfront cash needed for down payments 📊 Spokane Insight: As of right now, Spokane's median home price is $418,000 , meaning a 20% down payment would be about $87,800—often achievable for repeat buyers or those with equity to roll over. FHA Loans in Spokane: Lower Barriers to Entry What Is an FHA Loan? FHA loans are government-backed mortgages that allow down payments as low as 3.5%  and are typically more lenient on credit scores. Benefits for Spokane Buyers Easier to qualify if your credit score is below 640 Lower down payment requirements Allows higher debt-to-income ratios Considerations You must pay Mortgage Insurance Premiums (MIP)  regardless of your down payment FHA loan limits  apply, so be sure the home you’re buying is eligible 📊 Spokane Data Tie-in: With the average sold price at $464,000 , some FHA buyers may need to explore homes below this price point  to meet FHA loan limits in Spokane County (check updated FHA caps for 2025). VA Loans in Spokane: A Smart Option for Veterans Who Qualifies? VA loans are available to eligible veterans, active-duty service members, and surviving spouses. Top Benefits Zero down payment  required No PMI  ever Often lower rates than other loan types Flexible debt-to-income guidelines Why Veterans Love VA Loans in Spokane With the average days on market now at 46 days , it’s essential for veterans to get pre-approved and have their Certificate of Eligibility (COE)  ready. Spokane’s healthy absorption rate of 29.9%  shows homes are still moving, albeit more slowly than last year—giving buyers some leverage. Compare Spokane Home Loan Options Side-by-Side (2026) Feature Conventional FHA VA Minimum Down Payment 5–20% 3.5% 0% Credit Score 680+ 580+ Varies Mortgage Insurance PMI (if <20%) MIP None Max Loan Limits Conforming limits FHA county limits No official limit Ideal For Strong financials First-time buyers Military-affiliated Timeline to Apply for a Home Loan in Spokane Meet with a Spokane Realtor (like me!) Get pre-approved  with a reputable lender Understand your budget  based on Spokane’s current housing data Shop for homes —inventory is up 30.9% year-over-year , giving buyers more options Submit offers wisely —homes are selling for 96% of their list price , so strategic negotiation matters Close and move in! 📌 Home Appraisal Process in Spokane How to Choose the Right Loan Type in Spokane Ask yourself: Are you a veteran or eligible military spouse? → VA may be your best bet Is your credit below 640? → FHA may open more doors Do you want to avoid mortgage insurance and have strong finances? → Consider Conventional Tip from a Local Realtor: I help Spokane homebuyers evaluate these decisions every day. Whether it’s understanding FHA loan limits or timing the market just right, I’m here to help you make the smartest move. Call to Action Need help choosing the right home loan option in Spokane? Let’s chat.  As your trusted Spokane Realtor, I’m here to help you confidently navigate every step of your homebuying journey. Contact me today for personalized guidance and local insight. FAQ: Home Loan Options in Spokane What are the best home loan options in Spokane for first-time buyers? FHA loans are often a smart entry point due to low down payment and credit flexibility. Can I qualify for a VA loan in Spokane if I’m a surviving spouse? Yes, surviving spouses may be eligible. Check with a VA lender to verify eligibility. Is it better to go with a Conventional loan in Spokane if I have 20% down? Possibly. With 20% down, you’ll avoid PMI and may access better rates. How does Spokane’s 2026 housing market impact my loan choice? With inventory up 30.9% , buyers have more negotiating room, making it a great time to lock in favorable loan terms before conditions shift again. 📌 Related Blog: How to Buy a House in Spokane 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.

Understanding the Spokane Market Before You Calculate Affordability Before diving into numbers and rules, it’s important to understand the current real estate landscape in Spokane. As of right now , Spokane's housing market remains neutral  — a balanced space between buyers and sellers. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. Median Sold Price : $418,000 Average Sold Price : $464,000 Average Price/Sq Ft : $208 Average Days on Market : 46 days (up 21.1%) Inventory : Up 30.9% year-over-year More listings and stable pricing make this a strategic time for buyers to enter the Spokane real estate market. That’s why the question “ How much house can I afford in Spokane? ” is more relevant than ever. I’m a local Spokane real estate agent, and that’s exactly why I wrote this blog — to give you a clear, Spokane-focused answer. How to Estimate “How Much House Can I Afford in Spokane?” There’s no one-size-fits-all formula. However, several trusted rules can help you estimate your range before talking to a lender: 🔹 Rule #1: The 28/36 Rule Spend no more than 28%  of your gross monthly income on housing costs. Total monthly debts (including mortgage) should not exceed 36%  of your gross income. 🔹 Rule #2: Down Payment Guidelines 20% down offers the best terms, but FHA and conventional loans  allow as little as 3–5% . VA-qualified buyers may buy with 0% down . 🔹 Rule #3: True Monthly Cost Remember to factor in: Property taxes (varies by neighborhood) Homeowners insurance Utilities Maintenance/reserves HOA fees (if applicable) This is not financial advice — please consult a qualified financial advisor for a detailed assessment. Use This Calculator to Estimate How Much House You Can Afford in Spokane 🔗 Mortgage Calculator To get a rough estimate, input: Gross monthly income Monthly debts (car loans, credit cards, etc.) Estimated mortgage interest rate (check out my [mortgage rate trends blog – insert link]) Down payment amount Average annual property taxes (~$3,000–$4,000 for homes in Spokane) Estimated homeowners insurance ($800–$1,200/year) If you’d prefer a guided approach, I can walk you through your affordability over a quick consult. No pressure, just clarity. 📌 Home Loan Options in Spokane Pro Tips to Maximize Home Affordability in Spokane in 2026 If you're stretching your budget, these tips can help make Spokane homes more accessible: 💡 Expand Your Search Radius Consider Spokane Valley or areas like Airway Heights and Deer Park, where median home prices are often lower. 💡 Look for Higher DOM Listings Homes on the market longer than 30–46 days may offer more room for negotiation. 💡 Budget Slightly Under Your Max Leave wiggle room for potential repairs, offers over asking, or moving expenses. 💡 Work with a Trusted Spokane Realtor As your Spokane real estate agent, I can spot price trends and value pockets across neighborhoods you might not discover on your own. 💡 First-Time Buyer Advantage Ask about Spokane-specific down payment assistance or reduced-rate loan programs How Long Does It Take to Buy a Home in Spokane? Here's a typical Spokane homebuying timeline in 2026: Step Estimated Time Get pre-approved 1–3 days Home shopping 1–6 weeks Offer to contract 1–5 days Under contract to close 30–45 days TOTAL ~60 days or less With pre-approval in hand, you can confidently jump on homes as soon as they hit the market. How I Help Spokane Buyers Navigate Affordability With Confidence You’re not just buying a house — you're making a long-term investment in Spokane. As your dedicated Realtor: I’ll help you spot deals and negotiate fair prices I’ll guide you to homes that fit your financial comfort zone I’ll show you hidden opportunities you won’t find on big real estate portals I’ll connect you to trusted Spokane lenders and pros to round out your buying team Let’s simplify this process and get you into a home that fits both your budget  and your vision . Ready to Find Out How Much House You Can Afford in Spokane? We’ve covered affordability rules, calculators, Spokane market stats, and practical tips. Your ideal price range will depend on your income, debts, and how much flexibility you want. Let’s figure out what fits your budget and lifestyle — together. 📞 Contact me today FAQs: How Much House Can I Afford in Spokane? How much house can I afford in Spokane with a $75,000 income? If you follow the 28% rule, you could spend about $1,750/month on housing. With current Spokane interest rates and taxes, that may translate to a home in the $300,000–$350,000  range. This is a general estimate — speak with a lender for a tailored pre-approval. Is Spokane affordable in 2026 for first-time buyers? Yes — thanks to rising inventory and stable prices, Spokane is more buyer-friendly now than it has been in recent years. Entry-level homes are still available in areas like Cheney, West Central, and Hillyard. What’s the average down payment in Spokane? Many buyers are putting down 5–10% . However, FHA, VA, and state programs allow for much lower down payments. Should I wait to buy a home in Spokane or act now? With inventory up and price growth flat, many buyers are choosing to buy in 2026. Whether now is your best time depends on your personal finances and goals. Let’s talk about your options. 📌 Related Blog: How to Buy a House in Spokane 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.

Understanding how Spokane home values have shifted over the past five years can make all the difference in your real estate decisions today. Whether you’re thinking about selling or simply staying informed, the data tells a clear story. As a Spokane real estate agent, I’m writing this to guide local homeowners through these important market shifts and to show you the Spokane home values trend. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. How Have Spokane Home Values Changed Since 2020? The Spokane housing market has evolved significantly in the past five years: Median Sold Price : Up from $310,000  in 2020 to $418,000  in 2026 — a 34.8% increase . Average Price per Square Foot : Increased from $154 to $208 , a 35% gain . Spokane homes have steadily appreciated, although the rate of increase has started to cool. These numbers reflect strong demand and a stabilizing trend in 2026. What’s Driving the Spokane Home Values Trend in 2026? Several key factors are shaping the Spokane home values trend this year: Housing Inventory Surge : Listings rose from 825 homes in 2020  to 2,151 in 2026 . Buyers have more options, putting downward pressure on aggressive pricing. Market Type : We've shifted from a seller’s market  to a neutral market  in 2026, meaning buyers and sellers are on more equal footing. Buyer Behavior : Cautious optimism defines today’s market. Buyers are more selective, often taking their time before making offers. These dynamics suggest that price appreciation is slowing and declining in some areas — which is key for sellers to understand. Are Spokane Homes Appreciating or Stabilizing in 2025? The latest housing data points to moderate appreciation  in Spokane: Median Price YoY : Down 2.3% Price per Square Foot YoY : Down 2.8% Monthly Trend : Holding steady with a 1% increase  from the previous month We’re in a neutral price trend  — meaning prices aren't climbing rapidly, but they’re not falling either. This makes timing, preparation, and pricing strategy essential when listing. How Long Are Homes Taking to Sell in 2026? Days on market (DOM) has nearly doubled compared to 2020: 2020 : Homes sold in just 17 days 2026 : Average DOM is now 46 days , up 170.59% And the original list-to-sale price ratio  has dropped from 101% to 96% , meaning most sellers aren’t getting over-asking anymore. 🔍 Seller Tip: 3 Smart Pricing Moves in a Neutral Market Price based on comparable sold homes, not active listings Don’t overprice expecting bidding wars Use data to justify price during appraisal and negotiations What This Means for Spokane Homeowners in 2026 If you’ve owned your home since 2020 or earlier, your property has likely gained slightly significant value. However, selling now  requires: Setting realistic expectations Allowing for longer days on market Pricing strategically to attract attention in a neutral market I work with Spokane homeowners every day to craft listing plans based on actual local trends — not national headlines. Why Work With a Local Spokane Real Estate Agent? Spokane’s housing trends are hyperlocal  — and they don’t always align with national patterns. Working with an agent who: Understands your neighborhood’s pricing shifts Knows how to attract today’s buyer Can create a data-backed listing strategy …is key to maximizing your sale. Let’s talk about how to apply Spokane’s market data to your specific home. Contact Me Spokane Real Estate Tip: Use These Stats in Your Seller Plan When planning your 2026 listing strategy, keep these Spokane-specific numbers handy: Median Sold Price : $418,000 Inventory : 2,151 active listings Average $/Sq Ft : $208 Average DOM : 46 days Market Type : Neutral Use this data to: Choose the best time to list (avoid over-saturated weeks) Price competitively to reduce time on market Stage and market to appeal to 2025 buyer trends Final Thoughts: What’s Next for Spokane Home Values? Spokane is no longer in a fast-rising seller’s market. The current neutral trend means consistency, not volatility , is the story of 2026. While rapid appreciation may be behind us, smart sellers who understand today’s market can still succeed. Want to talk strategy? Let’s make a plan tailored to your Spokane home. 📌 Closing Costs When Selling a House in Spokane: What Sellers Pay FAQs About the Spokane Home Values Trend What is the current Spokane home values trend in 2026? The market is showing signs of stabilization, with moderate YoY growth. Median prices are up to $418,000, and the average price per square foot is $208 — both slight decreases from last year, yet not consistent depreciation. How does the 2026 Spokane market compare to 5 years ago? Inventory is up dramatically, while homes are taking longer to sell. Price growth has slowed, marking a shift from a strong seller’s market to a neutral one. Is 2026 a good time to sell my home in Spokane? Yes — if your pricing and presentation are strategic. Buyers have more choices, so a well-positioned listing stands out in a competitive field. What should I know before listing my Spokane home in 2026? Expect 40+ days on the market, price competitively from day one, and work with a Spokane real estate agent who knows how to use local trends to your advantage. 📌 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.

Understanding Spokane Housing Inventory in 2026 The term “housing inventory” refers to the number of active listings available at a given time in a specific market. In Spokane, inventory is a key metric that helps homeowners and buyers understand whether we’re in a buyer’s market, seller’s market, or something in between. As of the most recent data, Spokane County had a housing inventory of around 2,151 active listings. These figures represent a noticeable increase year-over-year, meaning more homes are available compared to the same time last year. So, what does this shift mean for you? I’m a Spokane real estate agent, and that’s why I’m writing this blog—to break it all down for you with clarity and context. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. Why the Change in Housing Inventory Matters for You What a Low Inventory Means When housing inventory is low, buyers have fewer choices. This can result in quicker sales and multiple offers on well-priced homes, giving sellers an edge. In a low-inventory environment, pricing competitively and preparing your home properly can lead to faster and more profitable sales. What a Rising Inventory Means A rising inventory means more options for buyers—and more competition for sellers. If you’re planning to sell, you may need to rethink your pricing and marketing strategy. If you’re buying, this could be your window to negotiate more favorable terms or find that “just right” property you’ve been waiting for. What the Latest Trends Tell Sellers If you’re a homeowner thinking about selling, here’s how to make sense of the Spokane housing inventory data: Start with the current inventory in your zip code. Narrow down to your home type —inventory for homes in Spokane County rose by 30.9% this year, suggesting more competition in that category. Compare your property’s condition and location  to those currently on the market. Are you in a high-demand or saturated segment? Adjust your listing strategy —homes priced appropriately with strategic staging and expert marketing still move quickly, even in a neutral market. Note: This blog is not financial, legal, or tax advice. Always consult the appropriate professional for those matters. What the Latest Trends Tell Buyers Buyers: the increase in Spokane housing inventory is an opportunity—but only if you move smartly. Here’s how to get ahead: Leverage the rising inventory  to explore more options. You don’t have to settle. Watch months of supply —in Spokane, the average was 3.3 months as of the latest report, putting us in a “neutral” market. Lean on a local expert (me!)  to help identify neighborhoods where supply is loosening up and tailor your strategy accordingly. Local Market Snapshot & Data You Should Know To make informed decisions, here are some key Spokane housing inventory stats: Active Listings (Spokane County):  ~2,151 Median Sale Price (Spokane):  ~$418,000 Median Days on Market:  46 days Each number tells a story. For instance, a longer average “days on market” hints at softening demand or increased competition. By contrast, rising median prices despite higher inventory suggest Spokane remains a desirable place to live. 📌 How Long to Sell a House in Spokane in 2025: Average Time & Tips to Speed It Up. Strategic Actions Based on Inventory Levels If Inventory Is Increasing For Sellers: Enhance curb appeal and home prep. Price competitively from day one. Offer flexible showing times. For Buyers: Take time to compare listings. Use seller motivation to negotiate on price or terms. If Inventory Remains Tight For Sellers: You may have leverage—don’t underprice. Time your listing for maximum exposure. For Buyers: Get pre-approved early. Be ready to act quickly on desirable homes. Conclusion Spokane housing inventory is shifting in 2026—but knowing how to read the numbers empowers you to act strategically. Whether you’re listing your home or looking to buy, market conditions matter—and they’re evolving. As your local Spokane real estate agent, I specialize in breaking down these trends so you can make confident, informed decisions. If you’re wondering what these numbers mean for your neighborhood or next move, let’s talk. Frequently Asked Questions What is the current Spokane housing inventory? As of the most recent update, there are approximately 2,151 active listings in Spokane County. This represents a significant year-over-year increase, giving buyers more options than we’ve seen in the past few years. How does Spokane housing inventory affect home prices in 2026? Generally, more inventory can moderate price growth, while lower inventory puts upward pressure on prices. Spokane’s market is currently neutral, which means home prices are stabilizing and buyers and sellers both have opportunities. Is the Spokane housing inventory increasing or decreasing? Inventory has been increasing. As of now, Spokane County saw a year-over-year inventory jump of 30.9%, signaling a shift toward a more balanced market. How can I use Spokane housing inventory data to plan my next move? If you’re selling, monitor your specific neighborhood’s inventory and adjust your price or timing accordingly. If you’re buying, use the data to identify areas with rising supply and potentially more negotiating power. 📌 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.