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Thinking About Moving to Spokane? Here's What You Need to Know Relocating can be exciting—but also overwhelming. If you’re considering moving to Spokane , you likely have questions about neighborhoods, housing prices, cost of living, and what daily life is really like here. In this comprehensive guide, I’ll walk you through everything you need to know to decide if Spokane is right for you. As a Spokane real estate agent , I’ve helped dozens of buyers relocate smoothly to this beautiful corner of Washington—so I created this in-depth blog to support your journey. Table of Contents Why Consider Moving to Spokane? Cost of Living & Housing Market Basics Neighborhoods: Choosing Where to Live Commute, Transportation & Local Infrastructure Lifestyle, Outdoor Recreation & Culture Common Mistakes to Avoid When Moving to Spokane How a Local Real Estate Agent Helps Your Move FAQs Conclusion Why Consider Moving to Spokane? Spokane offers the perfect balance of affordability, outdoor beauty, community atmosphere, and a growing economy. Here’s why so many people are relocating here: Affordability : Compared to Seattle, Portland, and California cities, Spokane’s home prices and living costs are significantly lower. Outdoor lifestyle : From nearby lakes and rivers to mountains and trails, Spokane is a paradise for outdoor lovers. Less congestion : You’ll enjoy a slower pace, lighter traffic, and shorter commutes. Emerging opportunity : Spokane’s real estate and economy are growing, creating value for new residents. Cost of Living & Housing Market Basics Relocators often ask: “Can I really afford Spokane?” The answer is usually a resounding yes. Living Costs Compared to Seattle and Portland, Spokane offers: Lower median home prices Reasonable utility and grocery costs Shorter commutes (average of ~20 minutes) 🔗 Cost of Living in Spokane vs Seattle & Portland: Which Is More Affordable? Real Estate Market Spokane’s median home price is competitive for the region and continues to rise due to high demand. 💡 Tip: If you’re selling a home first, I can help you coordinate that process before relocating. Neighborhoods: Choosing Where to Live Each Spokane neighborhood has its own personality. Choosing the right one is crucial when moving to Spokane. Popular Neighborhood Types Historic charm : Browne’s Addition, Cliff/Cannon Suburban comfort : South Hill, Indian Trail Newer communities : North Spokane, Five Mile Prairie Urban vibe : Downtown Spokane, Kendall Yards 🔗 Best Neighborhoods in Spokane 🔗 Spokane vs Spokane Valley: Which Should You Live In? Commute, Transportation & Local Infrastructure Spokane residents enjoy shorter, more manageable commutes compared to big city counterparts. Average one-way commute : ~20 minutes Car ownership common , but Spokane Transit Authority (STA) offers public bus service City Line : Spokane’s new electric bus line improves east-west connectivity 🔗 Public Transportation & Commute in Spokane: What to Expect Lifestyle, Outdoor Recreation & Culture Moving to Spokane isn’t just about housing—it’s about how you’ll live, play, and connect. Outdoor Activities Hiking, biking, skiing, and water sports are all within easy reach. The Spokane River Centennial Trail stretches 37 miles through the city. 🎨 Arts & Culture Spokane Symphony, First Friday Art Walks, Terrain music & arts events Locally owned restaurants, microbreweries, coffee shops 🔗 Things to Do in Spokane: Parks, Culture, Outdoors & Fun Common Mistakes to Avoid When Moving to Spokane Even with good research, relocators sometimes hit bumps in the road. Avoid these pitfalls: Underestimating winter weather and terrain Choosing a neighborhood based only on online photos Moving without local real estate insight Assuming all areas offer equal long-term value 💡 Tip: Tour neighborhoods with a local agent before making offers How a Local Real Estate Agent Helps Your Move When you're moving to Spokane, working with a local agent—like me—can make all the difference. Here’s how I help: Guide you to the right neighborhoods based on your lifestyle and budget Access off-market listings and upcoming properties Coordinate showings, inspections, and negotiations while you're out of town Connect you to movers, contractors, lenders, inspectors 🔗 Spokane Real Estate for Relocators: What to Expect When You Move FAQs How expensive is moving to Spokane compared to Seattle or Portland? Spokane is more affordable across the board—from housing to everyday expenses. What should I look for in Spokane neighborhoods before moving? Focus on commute times, outdoor access, lifestyle fit, and future growth potential. Is Spokane a walkable or transit-friendly city? Parts of downtown are walkable. Most residents drive, but the STA and City Line help with public transport. Why should I work with a real estate agent when moving to Spokane? A local agent provides market expertise, area insights, and logistical support tailored to your relocation needs. Conclusion If you're serious about moving to Spokane , don’t go it alone. I’ll help you: Understand the market Find the right neighborhood Make a smart, stress-free transition 📞 Contact me today  to schedule a relocation consultation or get started with personalized home recommendations. 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 Thinking about buying or selling a home in the Spokane market but unsure what the near future holds? With the local market shifting gears 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 and how that impacts your next move. As a Spokane real estate agent, I’ve helped buyers and sellers navigate changing markets — which is why I put together this local housing forecast for 2026. 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? The local market in the Spokane region is gradually transitioning from a strong seller’s market into a more balanced environment. According to the latest data, there are roughly 1,416 active listings , marking a 36.5% increase year‑over‑year , which signals a significant rise in supply. Inventory based on closed sales stands at about 3.5 months —a classic indicator that the market is shifting toward neutral, since 3 to 6 months of inventory typically means neither extreme seller’s nor buyer’s advantage. This means for 2026 you should anticipate fewer bidding wars , more room for negotiation, and somewhat slower transaction pace. For buyers, that translates to more options and more time. For sellers, it means pricing, presentation and timing are more important than ever. Inventory Snapshot: What Rising Supply Means for You Inventory has increased meaningfully—active listings are up 36.5% YoY—which is material for how buyers and sellers will act in 2026. With about 3.5 months of supply, Spokane is sitting firmly in the “neutral” zone rather than extreme seller advantage. That said, we are not deep into a buyer’s market yet; the forecast calls for inventory to perhaps rise another 5–10% as demand remains healthy. What this means in practice: Buyers: More choice, less urgency, opportunity to negotiate. Sellers: Still demand exists, but the race for best price means you’ll want to be strategic on timing and home‑condition. Inventory increases generally slow appreciation, so we may see more modest price gains in 2026. 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 price data: Median sold price: $429,000 , up about 2.1% year‑over‑year . Average price per square foot: ~$212, up ~2.4% from the year prior. The average sold price ($474,000) is showing some short‑term volatility, including a ~3.3% decline compared to the prior month. Looking ahead to 2026, the forecast is for modest growth of 0% to +3%  in home values—reflecting a mature, balanced market rather than the rapid appreciation of earlier years. Key takeaways: Growth will be slower—but stability is positive, especially if you’re buying. Sellers should moderate expectations; pricing competitively will be essential. Buyers may find better value and less competition, though affordability remains a concern. 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—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 buyers re‑entering the market. Some homeowners may return (“move‑up” or “right‑size”) if their financing becomes more manageable. The combination of better rates + higher inventory = buyers gaining 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 32–35 days , which is up slightly from prior years and indicates a moderation in the pace of sales. For 2026, the forecast would suggest DOM comfortable in the 30–45 day  range on average. Implications: Buyers: 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 2025? . What This Means for Spokane Buyers & Sellers For Buyers: You’ll likely find more options, less hyper‑competition, and more negotiation room in 2026. With improved—but still elevated—rates, factoring in long‑term affordability is key. Work with a Realtor who knows the neighborhoods, inventory trends and how to make a compelling offer. For Sellers: The market still works—but you’d benefit from being realistic on price, quick on presentation, and flexible in terms. Expect fewer “above list price” bidding wars and more offer comparisons. Partnering with an experienced local Realtor can help you position your property for optimal results. 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 These 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 ~$429,000, 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 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 ~3.5 months of inventory and rising supply, buyers have more leverage—but 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 30‑45 day  range—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 come through. With increased inventory, moderate price growth, and slightly improved financing conditions, both buyers and sellers can find opportunity—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, 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 buying your first home in Spokane but unsure where to start? You’re not alone. The Spokane housing market continues to shift in 2025, and buyers need solid guidance to avoid costly mistakes and maximize opportunity. This step-by-step guide will show you exactly how to buy a house in Spokane —from setting a budget to closing the deal. As a Spokane real estate agent , I’ve helped dozens of buyers navigate this market with confidence—which is why I created this complete guide. Table of Contents Understanding the Spokane Market (Latest Snapshot) Step 1: Preparing Yourself to Buy in Spokane Step 2: Getting Pre‑Approved & Setting Your Budget Step 3: Defining Your Search and Priorities Step 4: Touring Homes & Evaluating Options Step 5: Making an Offer in Spokane’s Market Step 6: Inspections, Appraisal & Due Diligence Step 7: Underwriting, Title & Escrow Process Step 8: Closing the Deal & Taking Ownership Common Pitfalls to Avoid When Buying in Spokane FAQ: How to Buy a House in Spokane – Your Questions Answered Final Thoughts Understanding the Spokane Market (Latest Snapshot) According to the latest data: Median Sold Price:  $429,000 — a slight increase from previous reporting periods Average Sold Price:  $474,000 — also trending higher year-over-year Listings Available:  Inventory has increased over 36% compared to last year, giving buyers more options Days on Market:  Homes are taking longer to sell, averaging 32 days List-to-Sale Price Ratio:  At 96%, sellers are showing more flexibility Average Price per Square Foot:  $212 and rising gradually Months of Inventory:  3.5 — putting Spokane in a neutral market What it means for you:  This market favors prepared buyers. With more homes to choose from and slightly more time to make decisions, buyers who are ready can negotiate favorable terms—especially with the help of a local agent like me. Step 1: Preparing Yourself to Buy in Spokane Before anything else, get clear on: Why you’re buying (investment, lifestyle, work relocation?) Your ideal move-in timeline Your budget including down payment, reserves, and potential closing costs Local conditions mean that neighborhood, age of home, and property type all affect affordability. 👉 Need help calculating affordability?  See: How Much House Can I Afford in Spokane? Step 2: Getting Pre-Approved & Setting Your Budget Getting pre-approved is critical. It shows sellers you’re serious and gives you a budget range to shop confidently. Explore your options: Conventional Loans  (ideal for buyers with stronger credit) FHA Loans  (lower down payments, more lenient on credit) VA Loans  (for veterans and active military—zero down) 👉 See: Home Loan Options in Spokane I can also connect you with trusted Spokane lenders who offer competitive rates and excellent local knowledge. Step 3: Defining Your Search and Priorities Think about your must-haves versus nice-to-haves: Neighborhood preferences Commute and amenities Size, layout, school zones Single-family vs condo/townhome New construction vs existing home 👉 Compare options in: House vs Condo in Spokane Buying a Condo or Townhome in Spokane New Construction vs Existing Home in Spokane Step 4: Touring Homes & Evaluating Options This is the fun part—but also where many buyers overlook issues. Here’s what to look for: Roof, HVAC, foundation, windows Natural light and layout flow Signs of deferred maintenance Nearby homes’ condition 👉 Be aware of costs beyond the sticker price: Costs of Owning a Home in Spokane I’ll help you evaluate each home’s value and long-term potential based on Spokane-specific data. Step 5: Making an Offer in Spokane’s Market With recent inventory growth and longer days on market, buyers have more room to negotiate—but strong offers still win. Key considerations: Recent sold comps How long the home has been listed Seller motivation Contingencies: inspections, financing, appraisal Earnest money deposit 👉 Learn how to craft a smart offer: How to Negotiate an Offer on a House in Spokane Step 6: Inspections, Appraisal & Due Diligence This is when you take a deep dive into the property’s condition and value. What happens now: Inspection:  Licensed inspectors check structure, systems, and safety Appraisal:  Lender ensures value matches price Title & Escrow:  Ensures clear ownership and manages funds transfer Final negotiations  based on findings 👉 Read: What to Expect in a Home Inspection in Spokane (Buyer’s Guide) Home Appraisal Process in Spokane: What Buyers Should Expect Title and Escrow Process in Spokane: What Buyers Need to Know Closing Costs When Buying a House in Spokane: What Buyers Pay Step 7: Underwriting, Title & Escrow Process The behind-the-scenes work begins: Underwriting:  Your lender confirms income, debt, credit, and the property itself Title Search:  Confirms no liens or ownership issues Escrow:  Holds your funds securely until closing Final Walkthrough:  Ensure the home is in expected condition before signing Expect paperwork—but don’t worry, I’ll walk you through every signature. Step 8: Closing the Deal & Taking Ownership Here’s what happens on closing day: You sign all final documents (loan, title, disclosures) Funds are transferred via escrow You get your keys and start your new chapter! Set up utilities, insurance, and begin maintenance planning Common Pitfalls to Avoid When Buying in Spokane Even smart buyers can make mistakes. Avoid these: Skipping pre-approval Overestimating how much you can afford Waiving inspection contingencies Ignoring hidden ownership or HOA costs Not using a dedicated local Realtor 👉 Learn more: Home Buying Mistakes in Spokane (and How to Avoid Them) FAQ: How to Buy a House in Spokane – Your Questions Answered How long does it take to buy a house in Spokane? Typically 30–45 days from offer to closing. Add 1–3 months for home search depending on inventory and your criteria. What credit score is needed to buy a home in Spokane? Most lenders require at least a 620 for conventional loans. FHA may go lower, but ask your lender. When is the best time to buy a house in Spokane? Inventory tends to rise in spring and early summer, but 2025’s market is fairly balanced—preparation and timing matter more than season. How much do I need for a down payment? Many buyers put down 3%–20%. VA loans require zero down. Always factor in closing costs and reserves too. Final Thoughts If you’re ready to buy a house in Spokane , this guide gives you the tools to do it right—without stress or surprises. The 2025 market offers unique advantages for prepared buyers, especially with more homes available and negotiable sellers. As a Spokane real estate agent, I’ll help you navigate every step of the process: from pre-approval to closing and beyond. Let’s talk—schedule your free homebuyer consultation today and take the first step toward owning your Spokane home. 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 selling your Spokane home but unsure where to start? Whether you're relocating, upsizing, or testing your home’s value, today’s Spokane market requires clear steps, smart strategy, and trusted local expertise. This in-depth guide on how to sell a house in Spokane  gives you everything you need to sell with confidence in 2025. You’ll learn how to prepare your home, price it based on Spokane-specific data, market it effectively, and handle offers — all backed by current numbers and proven Realtor insights. As a Spokane real estate agent, I’ve helped dozens of homeowners sell successfully — which is why I put together this complete guide. 📑 Table of Contents 1. Preparing Your Home for Sale in Spokane 2. Pricing Your Home Right in 2025 3. Marketing, Showings, and Staging Tips 4. Offers, Negotiations & Multiple Bids 5. What to Do After Accepting an Offer 6. Closing Costs & What Sellers Pay FAQs – Selling a House in Spokane Conclusion Preparing Your Home for Sale in Spokane Buyers today are selective — and Spokane’s growing inventory makes presentation more important than ever. Declutter, Clean & Make Strategic Repairs Simple updates like neutral paint, refreshed landscaping, and lighting upgrades pay off. With for-sale inventory up 36.5% year-over-year  in Spokane as of September 2025, your home must stand out. 📌 See: How to Prepare a House for Sale in Spokane Fix Up or Sell As-Is? Selling “as-is” can save time, but even small repairs may yield more competitive offers — especially in Spokane’s neutral market where buyers have options. 📌 Should You Fix Up or Sell a House “As-Is” in Spokane? Pricing Your Home Right in 2025 Correct pricing draws attention — and prevents costly reductions later. Use Real-Time Market Data As of September 2025: Median Sold Price:  $429,000 Average Sold Price:  $474,000 Avg Price/Sq. Ft.:  $212 Avg Days on Market (DOM):  32 Sold-to-List Price Ratio:  96% Buyers are negotiating more — price competitively to stay in the running. 📌 How to Price a House in Spokane Marketing, Showings, and Staging Tips Make the Right First Impression Online Most Spokane buyers start online. Use pro photography and copy that emphasizes features like backyard space, proximity to trails, or home offices — what 2025 buyers want. Stage Strategically Staged homes sell faster — even in balanced markets. Remove personal items, use neutral tones, and create open, inviting rooms. 📌 How to Stage a House to Sell in Spokane: Tips That Boost Value 📸 Embed Before/After Staging Example for Spokane Living Room Showings & Open Houses Flexibility matters. Homes that are easy to show — and look their best — sell faster. 📌 Open House Tips for Spokane Homes Offers, Negotiations & Multiple Bids Review the Full Offer Price is just one factor. Contingencies, financing, and timing matter too. How to Handle Multiple Offers Even in a neutral market, well-presented homes still receive multiple offers. Create urgency by pricing right and marketing aggressively. 📌 How to Handle Multiple Offers on Your Spokane Home Post-Inspection Negotiation Tips Buyers may request repairs or credits after inspections. Don’t automatically agree — consider the request’s impact on your bottom line. 📌 How to Negotiate Repairs After Inspection in Spokane What to Do After Accepting an Offer The deal isn’t done yet — now begins inspections, title work, and final steps. Inspection, Appraisal & Escrow Keep your home in showing condition through escrow. You’ll coordinate repairs, documents, and title clearance. 📌 What to Do After an Offer Is Accepted in Spokane Closing Costs & What Sellers Pay Know What to Expect at Closing Common costs for Spokane sellers include: Title fees Escrow fees Pro-rated property taxes Repair credits or buyer concessions 📌 Closing Costs When Selling a House in Spokane Understand Total Costs Beyond closing fees, you’ll also spend on marketing, repairs, and prep. 📌 The True Cost of Selling a House in Spokane ( This is not legal or tax advice. Consult a professional. ) FAQs – Selling a House in Spokane How long does it take to sell a house in Spokane in 2025? On average, it takes 32 days  — up slightly from last year, reflecting a shift from a seller’s to a neutral market. 📌 How Long to Sell a House in Spokane in 2025 When is the best time to list my Spokane home? Historically, April to June yields faster sales and stronger offers — but local trends shift. 📌 Best Time to Sell a House in Spokane Should I make upgrades or sell as-is? Small upgrades can often produce a strong ROI. What are the biggest mistakes sellers make? Overpricing, ignoring staging, and reacting emotionally to negotiations. 📌 Home Selling Mistakes Spokane Homeowners Make Conclusion Selling your home in Spokane in 2025 requires strategy, preparation, and smart decision-making. With inventory up, buyer expectations are higher — but homes that are priced right and marketed professionally are still closing quickly and profitably. If you’re ready to move forward, I’d be honored to help. I offer: ✔️ Free custom home valuation ✔️ Proven 2025 pricing strategy ✔️ Marketing that gets results 📞 Reach out now — I’ll help you sell with confidence, clarity, and top value 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.

Thinking About Spokane? Here’s What Living Here Actually Costs in 2025 If you’ve been wondering what the cost of living in Spokane looks like in 2025 , 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 2025, 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 2025: What’s Changed? 🏠 Median & Average Home Prices (2025) Median Sold Price:  $445,000 — holding steady month-over-month Average Sold Price:  $515,000 — up 4.7% from last year Price per Sq Ft:  $218 — slightly down 0.9% YoY This reflects a neutral market  where values are stable, but selection is improving. In fact, inventory is up 33% year-over-year , giving buyers more options than they had in 2024. 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 2025: Days on Market & Demand Days on Market:  32 days on average (up 18.5% YoY) Sold-to-List Ratio:  97% — sellers are pricing reasonably, and buyers are negotiating a little Months of Inventory:  3.4 — up 31.4%, 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 2025 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: 2025 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 2025? 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 2025 What is the average cost of living in Spokane in 2025? 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 2025 housing prices in Spokane? As of August 2025, the median sold price  is $445,000 and the average price  is $515,000. The market is considered neutral, with increasing inventory and homes selling in about 32 days on average. Are utilities expensive in Spokane in 2025? 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 2025? 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 2025 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.

Will the Spokane Housing Market Crash in 2025? Every homeowner (or prospective seller) in Spokane is asking: Will the Spokane housing market crash in 2025?  With rising mortgage rates, growing inventory, and changing buyer demand, it’s natural to wonder whether the market could stumble or even collapse. In this blog, I’ll walk you through the data, expert predictions, risk factors, and a step‑by‑step plan to help you make informed decisions. (I’m a Spokane real estate agent — and that’s precisely why I’m writing this blog.) What Does a “Housing Market Crash” Really Mean? A housing market crash  typically involves a rapid and steep decline in home prices — usually more than 10% — triggered by economic turmoil, overbuilding, or buyer pullback. For Spokane, a crash would require sustained inventory spikes, sharp drops in sales, and price depreciation across most segments. Spokane Housing Market Snapshot (as of 2025) Price & Sales Trends (Year-Over-Year) Median Sold Price : $445,000 — unchanged from July 2025; up 1.1% from August 2024 Average Sold Price : $515,000 — up 1% month-over-month and 4.7% year-over-year Average Price/Sq Ft : $218 — down 2.2% from July and down 0.9% year-over-year Sold Listings : 579 — same as August 2024; up 0.9% from July Inventory and Buyer Activity Active Listings : Up 33% YoY , and up 2.6% MoM Months of Inventory (Closed Sales) : 3.4 — up 31.4% YoY Properties Under Contract : 618 — up 7.1% YoY and 5.6% MoM Absorption Rate (Closed Sales) : 29.5% — down 24.7% YoY Days on Market (DOM) : 32 days — up 18.5% YoY and 23.1% from July This data suggests a neutral market , but early signs of softening are visible — notably in DOM and absorption rate. Expert Forecasts for Spokane in 2025 Modest Growth or Mild Correction? Despite growing inventory, home values have held steady or increased slightly . Forecasts from Zillow and local experts expect flat to +1% appreciation  by year-end, assuming stable mortgage rates and economic conditions. A crash scenario would require additional stressors not currently visible in the data. Risk Factors That Could Lead to a Spokane Housing Market Crash Mortgage Rates Above 7%: A sharp rate hike would reduce affordability and shrink the buyer pool. Excess Supply Without Demand: A surge in new construction or resale listings without matching demand could suppress prices. Spokane Job Market Deterioration: Unemployment spikes or major employer exits could reduce housing demand. Macro-Level Recession or Banking Instability: A national downturn would affect local consumer confidence and investment activity. Buyer Hesitancy and Reduced Confidence : If market psychology shifts and buyers expect prices to fall, demand could dry up. Why a Spokane Housing Market Crash in 2025 Is Unlikely The market is still neutral , not buyer-dominated. Home prices are stable , with modest increases year-over-year. Absorption rate and DOM are shifting , but not dramatically enough to signal a crash. Inventory is rising but remains within a manageable 3.4 months — still below buyer’s market levels. Step‑by‑Step Guide for Spokane Homeowners & Sellers in 2025 Step 1: Monitor Local Stats Monthly Keep tabs on inventory, DOM, absorption rate, and median prices. Spokane Housing Market Update Step 2: Time Your Sale Intelligently If inventory continues rising and demand cools, listing sooner may preserve more equity. When Is the Best Time to Sell in Spokane? Step 3: Optimize Your Home for a Quick Sale Focus on updates that improve curb appeal and functionality. Pro Tip:  Don’t over-upgrade — aim for high ROI improvements. Step 4: Price Right From Day One With a slowing market, accurate pricing is critical . I can help you run competitive comps. Step 5: Work With a Trusted Spokane Real Estate Agent (Me!) You need a partner who watches the data daily and tailors your strategy — that’s exactly what I do. When to Call It a Correction vs. a Crash Metric Correction Crash Price Drop 3–7% 10%+ Inventory Growth 20–40% 75–100% DOM Increase 5–10 days 20+ days Absorption Rate 25–30% Below 20% Spokane's DOM (32 days)  and Absorption Rate (29.5%)  place it squarely in “cooling” territory — not crash levels , but worth watching. Conclusion: Be Alert, Not Alarmed While the Spokane housing market crash  is a common fear, current indicators suggest neutral conditions with softening trends , not a collapse. That said, it’s wise to track conditions closely, price competitively, and stay ahead of local shifts. As your Spokane real estate agent , I’m here to help you strategize, sell smart, and protect your equity — whatever the market brings. Frequently Asked Questions (FAQ) Will the Spokane housing market crash in 2025? Not likely. Inventory is growing, but prices are holding steady, and demand is still present. Could there be a Spokane housing market crash? It’s possible under extreme economic or interest rate pressure, but current data does not indicate a crash trajectory. What will Spokane housing prices do in 2025? Experts expect flat to slight growth  — around 0.5% to 1.1% depending on how the market responds to interest rates and inventory. How much could Spokane home values decline? In a moderate correction, prices could dip 3–5%. A crash scenario would involve 10%+ declines, which is currently unlikely based on the numbers. 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 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 If you're a homeowner (or prospective homeowner) in Spokane, you’re probably wondering: How much will my 2025 property taxes be?  and How do they get calculated?  In this guide, I walk you step by step through the Spokane property tax rates system as of 2025—and what factors influence your bill. As a Spokane real estate agent , I’ve compiled this information to help you get clarity on what to expect. Please remember that this blog is just information I compiled from searching. Please consult a professional for advice. How Are Spokane Property Tax Rates Calculated in 2025? Understanding Assessed Value vs. Market Value Spokane County assesses property annually, reflecting the previous year’s market trends . Your assessed value  is not the same as your market value—it may be adjusted or capped depending on exemptions and local laws. You’ll receive an assessment notice  from the County Assessor, typically in spring. Breaking Down the Spokane Property Tax Rate Spokane uses a levy rate , expressed in dollars per $1,000 of assessed value. Rates are made up of overlapping taxing districts: city, county, EMS, schools, fire, and parks. In 2025, Spokane County approved a 1% increase , which equals roughly $3  more for the average homeowner. Step-by-Step: Calculating Your Spokane Property Tax Bill Step What Happens What It Means For You 1 Assessor assigns market value Sets your property’s baseline 2 Adjustments applied Creates your assessed value 3 Multiply by total levy rate Determines your gross tax 4 Subtract exemptions/credits Lowers what you owe 5 Final bill issued Split across 2 payments annually Example (not legal or financial advice): If your assessed value is $400,000 and the levy rate is $12 per $1,000, your estimated tax would be $4,800  before exemptions. Why Do Spokane Property Taxes Change From Year to Year? District Budget Adjustments Every taxing district submits a yearly budget. If more funding is needed, they may propose increases (often capped unless voter-approved). Shifting Property Values Across Spokane When Spokane’s total assessed property base grows, the rate needed to generate the same revenue can go down—or stay level—depending on district budgeting. New Levies and Bonds Voter-approved measures, like the 2025 Spokane park levy , can add to your property tax total, even if the general levy stays the same. Exemptions and Relief Programs Some property owners qualify for exemptions (seniors, veterans, etc.), but these must be applied for and updated with the assessor’s office. Questions Spokane Homeowners Should Be Asking in 2025 ✅ Is my assessed value  fair compared to recent sales? ✅ Did my neighborhood vote on new special levies or bonds ? ✅ Am I receiving the property tax exemptions  I’m eligible for? ✅ Are my property taxes going up because of rates or value growth ? ✅ Did I miss the deadline to appeal my assessed value ? Reminder:  I am not providing legal or tax advice. For official guidance, always consult with a professional or the Spokane County Assessor. Spokane Housing & Property Tax Stats (2025) Median assessed value in Spokane: ~$354,000 Median 2025 property tax bill: ~$3,331 Estimated effective tax rate: ~0.93% (Stats sourced from publicly available 2025 assessment data.) Timeline: Spokane Property Tax Deadlines in 2025 🗓️ Spring (April–May):  Assessment notices mailed 🗓️ Mid-Summer:  Appeal deadline 🗓️ October 31:  Final property tax payment due 🗓️ Year-End:  Districts finalize budgets and levy proposals Frequently Asked Questions (FAQs) What are Spokane property tax rates made up of in 2025? They include city, county, fire, EMS, school, and parks levies. The total rate varies by tax district. Do property tax rates differ across Spokane neighborhoods? Yes. Overlapping taxing jurisdictions mean rates vary—even within city limits. Can Spokane property tax rates go down in 2025? If property values surge and budgets remain level, yes. But voter-approved measures and budget increases may counteract that. 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.

Can I Sell My House in Spokane With Tenants? Here’s What You Need to Know Many Spokane homeowners ask, “can I sell my house in Spokane with tenants?”  The short answer is yes — but it requires careful planning, legal understanding, and the right strategy to ensure both your interests and the tenant’s rights are respected. As a Spokane real estate agent, I’m writing this blog to help landlords like you understand exactly how to navigate the process successfully. Why Homeowners Ask: “Can I Sell My House in Spokane With Tenants?” This question comes up often — especially in Spokane’s growing rental market. Homeowners worry that: Tenants might refuse showings or make the property hard to sell Buyers won’t want a home that’s tenant-occupied They’ll need to evict the tenant before listing They’ll lose money or time trying to sell with renters still inside Here’s the good news: you can sell your rental property in Spokane with tenants still in place , and under the right conditions, it might even be a selling point. Spokane Tenant Rights & Lease Laws: What You Must Follow Before listing your property, it's crucial to understand Washington and Spokane landlord-tenant laws  that protect your renters — even during a sale. Lease Terms Survive the Sale If your tenants are on a fixed-term lease (e.g., a 12-month lease), the new buyer inherits that lease. You can’t force tenants out early just because you’re selling. Month-to-month tenants offer more flexibility — but still require proper written notice , typically at least 60 days depending on the situation. Tenant Access for Showings Requires Notice You must give at least 24 hours’ notice  before entering the property for showings, inspections, or appraisals. Be sure to: Schedule showings reasonably Communicate clearly and respectfully with tenants Avoid excessive disruptions Transfer of Security Deposits At closing, you’ll need to transfer any collected security deposits  to the new buyer. You’ll also prorate rent  for the month of the sale — standard in Spokane real estate closings. Eviction Isn’t a Shortcut You can’t evict a tenant simply because you’re selling . Evictions are legal processes that require valid cause and due process. If you have questions about evictions, speak to a legal professional — this blog is for general information only. Step-by-Step: How to Sell a Spokane House With Tenants Here’s a proven strategy I use when helping Spokane landlords sell homes with renters still living there: Step 1: Review the Lease Agreement Is it fixed-term or month-to-month? Are there early termination clauses? Have there been payment issues or property concerns? Understanding the lease is your legal starting point. Step 2: Communicate With Your Tenants Open dialogue builds trust. Let your tenants know: You plan to sell When showings will happen How long they can expect the process to take Tip : Some landlords offer rent discounts or “cash for keys” to encourage tenants to leave voluntarily (optional, not required). Step 3: Choose Your Sales Strategy You have options: List with tenants in place  – attracts investor buyers Request tenant move-out before listing  – if tenants agree Hybrid  – start with tenants, transition if they leave mid-process Each option has pros and cons, which I help my clients evaluate. Step 4: Prep the Property Even tenant-occupied homes need curb appeal. Help your tenants with: Minor repairs or maintenance Deep cleaning Temporary decluttering before photos/showings Step 5: Market to the Right Buyers Highlight the benefits of your tenant-occupied property: Reliable rental income Tenant’s payment history Lease length and rent amount Investor buyers are often your best audience for tenant-occupied homes. Step 6: Coordinate Showings and Offers Use scheduling tools or appointment windows that minimize tenant disruption . I always: Communicate with tenants ahead of time Block off showing times with their input Offer flexibility to ease friction Step 7: Close and Transfer Lease Obligations Before closing, you’ll need to: Transfer security deposit(s) Provide a copy of the lease to the buyer Notify the tenant of the new property owner and rent payment details As your Realtor, I’ll make sure all tenant-related documents are included in escrow. Pros, Cons & Pitfalls of Selling With Tenants Pros: Ongoing rental income during the sales process Attractive to investors seeking rental-ready homes Saves time if tenants maintain the home well Cons: Limited showing flexibility Tenants may not cooperate or keep the home “market-ready” Lower buyer pool if not targeting investors Pitfalls to Avoid: Not giving proper notice for showings Harassing or pressuring tenants to leave Failing to disclose lease terms Ignoring tenant rights under Spokane and Washington law Timeline: How Long Does It Take to Sell With Tenants in Spokane? The timeline depends on: Lease type (month-to-month vs fixed) Buyer preferences (investor vs owner-occupant) Tenant cooperation On average, selling with cooperative tenants adds a few weeks to the process — but doesn’t have to derail your goals. Why Work With Me — A Spokane Real Estate Agent Who Specializes in Rental Sales As a local Realtor, I’ve helped dozens of Spokane homeowners successfully sell homes with tenants in place . I know how to: Market to investor buyers Navigate local tenant laws Coordinate smooth showings and transitions Handle sensitive tenant communication with care Whether you’re tired of being a landlord or planning your next investment move, I’ll help you sell with confidence. Conclusion: You CAN Sell a Spokane Home With Tenants — Here’s How To recap — yes, you can sell your house in Spokane with tenants , and you can do it without burning bridges or losing value. The key is preparation, communication, and the right representation. If you're ready to explore your options, contact me today — your trusted Spokane real estate agent — and let’s create a custom plan to sell your rental property smoothly. Frequently Asked Questions (FAQs) Can I sell my house in Spokane with tenants still living there? Yes. As long as you follow Washington landlord-tenant law, honor lease terms, and communicate clearly, you can sell with tenants in place. How long does it take to sell a Spokane home with tenants? The process may take slightly longer due to tenant coordination and access issues. With proper strategy, it typically adds 2–4 weeks compared to vacant homes. Do I need to evict tenants to sell my house in Spokane? No. You cannot evict tenants just because you’re selling unless there’s cause. Month-to-month tenants may potentially be given notice if allowed under the lease and local law. Will selling with tenants lower my sale price in Spokane? It depends. Investor buyers may see it as a plus. But if the tenant won’t cooperate or the property shows poorly, offers may be affected. Pricing and marketing strategy matter. 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.

As Spokane continues to grow in popularity, the real estate market in 2025 reflects both its expanding economic opportunities and lifestyle appeal. Known for its natural beauty, beautiful neighborhoods, and relatively lower cost of living compared to other major cities in Washington, Spokane is attracting a diverse mix of buyers. Whether you're relocating, investing, or searching for your forever home, understanding Spokane's 2025 housing market is essential. As a Spokane real estate agent, I'm writing this guide to help you navigate local market trends and find the best value for your home-buying dollar. Spokane Real Estate Market at a Glance in 2025 The median home price in Spokane in 2025 is approximately $450,000, showing a modest 5% increase from 2024. The market has stabilized following a surge of buyers moving in during the post-pandemic boom. Inventory levels have improved slightly, but demand remains strong, especially for mid-tier homes and properties in desirable locations. How Much Do Homes Cost in Spokane (2025 Overview) In 2025, the average home price in Spokane varies widely depending on the neighborhood and property type: Condos/Townhomes: $275,000 – $350,000 Single-Family Homes: $350,000 – $700,000 New Construction: $450,000 – $600,000 You can still find homes under $350,000, but they usually don't stay listed for long. The question "how much do homes cost in Spokane" depends largely on your lifestyle and space preferences. Popular Neighborhoods and Their Price Ranges South Hill: A popular area with older charm, tree-lined streets, and historic homes. Prices range from $400,000 to $700,000. Kendall Yards: A vibrant, urban neighborhood with new condos and townhomes. Expect prices from $500,000 and up. North Spokane: Offers a mix of affordability and space. Average prices hover between $350,000 and $600,000 depending on what you're looking for. Spokane Valley: A mix of old and new, with homes ranging from $400,000 to $700,000 depending on what you're looking for. Cost Per Square Foot in Spokane The average cost per square foot in Spokane is about $230 in 2025, although that varies by location and home condition. Newer homes or those closer to desirable amenities can go up to $280/sq ft, while homes farther out or older may average $190–$210/sq ft. First-Time Buyers: What to Expect If you’re entering the market for the first time, you’ll typically find entry-level homes priced between $350,000 and $400,000. Great starter-home areas include parts of North Spokane, Hillyard, and some pockets of Spokane Valley. Getting pre-approved for a mortgage is more important than ever, as competition remains high, especially within this price range. Luxury Homes in Spokane: What You Get for $750K+ For buyers with bigger budgets, luxury homes in Spokane offer features like expansive lots, modern design, smart-home integration, and mountain views. These are often found in areas like Manito, Eagle Ridge, and Five Mile Prairie. Some properties include acreage, custom pools, and private gated access. Hidden Costs of Buying a Home in Spokane Beyond the sale price, be prepared for the following costs: Closing Costs: Typically 2–4% of the home price Home Inspections: Around $500–$800 HOA Fees: Vary by community, averaging $100–$250/month P roperty Taxes: Roughly 1.1% of assessed value annually These costs can add up, so budgeting accordingly is essential. Market Trends Influencing Spokane Home Prices in 2025 Key trends impacting local pricing include: Remote Work: Still encouraging out-of-state migration Interest Rates: Slightly higher than the all-time average, but still steady Development Projects: New infrastructure and shopping centers are raising property values in key zones These elements continue to shape the local housing landscape. Comparing Spokane to Other Washington Cities Spokane offers tremendous value compared to Seattle, where average home prices are nearing $900,000. Even compared to cities like Tacoma and Bellevue, Spokane remains affordable with a higher quality-of-life-to-cost ratio. The lower cost of living and lack of state income tax further amplify its appeal. Is Spokane a Good Investment in 2025? Absolutely. Spokane's consistent population growth, job market expansion, and livability make it an attractive place for investors. Homes in desirable neighborhoods or near universities are especially popular in the rental market. Analysts predict continued appreciation over the next five years. How to Find the Best Deals in Spokane To land the best deals, consider: Off-Market Properties: These can often be found through networking or an experienced real estate agent Seasonal Timing: Late fall and winter typically offer better prices Auction Properties: Occasionally listed through county websites or local banks The Buying Process in Spokane Get Pre-Approved Hire a Local Agent (That's Me) Home Search & Tour Make an Offer Inspection & Appraisal Close and Get the Keys! The process usually takes 30–45 days from offer to close. Tips for Out-of-State Buyers If you're relocating, take advantage of: Virtual Showings Digital Contracts Remote Closings Hiring a Spokane-based real estate agent can help you avoid costly mistakes and give you insight into neighborhoods you may not know about. Working with a Spokane Real Estate Agent With market knowledge, negotiation skills, and neighborhood insight, a local agent makes the process smoother and more efficient. As a Spokane real estate agent, I offer personalized support, buying/selling insights, and local expertise to help you find a home that meets both your needs and your budget. Conclusion Spokane remains one of Washington’s most affordable and promising housing markets in 2025. From starter homes to luxury estates, there’s something for every buyer. With prices rising steadily but still accessible, now may be the perfect time to enter the market. If you're wondering how much do homes cost in Spokane, let's talk about your specific goals and how I can help you secure the right home at the right price. FAQs What is the average home price in Spokane in 2025? About $400,000, depending on the location and home type. Which neighborhood in Spokane offers the best value for money? North Spokane and parts of Spokane Valley offer excellent value in 2025. Are home prices in Spokane expected to rise in the next few years? Yes, steady appreciation is expected thanks to demand, economic growth, and livability. What should first-time buyers know about the Spokane market? Prepare for competition, get pre-approved, and work with a local agent to find affordable areas. How do I start the buying process with a Spokane real estate agent? Contact me to begin with a personalized consultation and home search strategy tailored to your needs. 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 Spokane real estate market in 2025 continues to offer exciting opportunities—and challenges—for both buyers and sellers. With inventory levels slowly growing and home prices steadily rising, staying informed on key market stats is crucial to navigating your next move with confidence. As a dedicated Spokane real estate agent, my goal is to keep clients educated and empowered with timely, data-backed insights. That’s exactly why I’ve put this blog together—to help you understand what’s happening in our local market and how to make informed decisions. Spokane Real Estate Stats 2025 – Current Conditions Spokane remains firmly in a seller’s market. Home values are appreciating, competition among buyers is strong, and closed sales are gaining momentum. While inventory has expanded compared to last year, demand continues to outpace supply—creating fast-paced conditions across much of the region. Overall, the market reflects high buyer activity, efficient sales timelines, and an environment where well-priced homes sell quickly and sometimes above asking price. Home Inventory in Spokane: More Options, Still Competitive Inventory has seen notable growth, with the number of homes for sale increasing significantly compared to the same time last year. This expanded selection benefits buyers by providing more choices across different price points and neighborhoods. However, despite this inventory boost, homes are still selling somewhat quickly. The competition remains, particularly for turnkey properties in desirable areas. If you're buying, being prepared and working with a local expert can give you the edge you need. Closed Sales Surge: Momentum Building in Spokane The number of closed transactions has surged, indicating strong buyer follow-through and seller success. Properties that are priced well and marketed effectively are being snapped up quickly, reflecting the confidence and urgency of today's buyers. This uptick in closed sales also reflects an overall healthy and active market—one that favors slightly sellers, but still offers smart opportunities for buyers who are strategic. Buyer Activity: Pending Sales Still Climbing Pending sales continue to rise, a clear sign that buyers are actively writing offers and competing for available inventory. Compared to last year, buyer engagement has grown dramatically, and that trend shows no signs of slowing. This heightened activity reinforces the need for speed and savvy. Whether you're buying your next home and it has good appeal and is priced right, it's important to act fast and submit strong offers. Days on Market: Speed Still Defines Spokane Real Estate Homes in Spokane are currently averaging just a few weeks on the market—an impressive pace in any market climate. While this is slightly slower than the ultra-fast turnover we saw last year, it's still much faster than balanced market norms. This swift sales pace means sellers need to be ready to move quickly once their home is listed, and buyers must be pre-approved and decisive in their approach. Spokane Real Estate Prices Holding Strong Home prices continue to rise across Spokane. The median sales price last month now hovers around $470,000, showing strong growth over the past year. The average sold price is even higher, at approximately $517,000—an encouraging signal for sellers. Additionally, the average price per square foot remains steady at $222, indicating stable value for Spokane properties and reinforcing the area's appeal as an investment. Months of Inventory: Seller’s Market Continues Spokane currently holds about 2.3 months of inventory—a number well below the 4-6 months needed for a balanced market. This level firmly establishes Spokane as a seller’s market, where demand exceeds supply. For sellers, this means strong negotiating power and faster sales timelines. For buyers, it emphasizes the importance of preparation and professional guidance. Spokane Real Estate Trends 2025: Emerging Patterns Several patterns have emerged this year: increased inventory, steady price appreciation, and resilient buyer demand. These trends are being shaped by both seasonal factors and broader economic conditions, including interest rates and regional migration. Looking ahead, the Spokane housing market appears poised for continued growth, especially as more buyers seek affordability and quality of life in the Inland Northwest. What Buyers Need to Know in Spokane’s Market In today’s competitive environment, buyers must be both prepared and proactive. Getting pre-approved, understanding your must-haves, and working with a skilled local agent can make all the difference. Because homes are moving quickly, hesitation often means missing out. Leverage expert guidance to navigate bidding wars, inspections, and contract terms efficiently. What Sellers Should Consider in 2025 If you’ve been thinking about selling, conditions remain highly favorable. With homes selling in under a month and prices appreciating, this is still an ideal window to list. Presentation matters more than ever. Clean, staged homes with strong marketing packages—especially those listed by knowledgeable local agents—are seeing the most success. Long-Term Outlook: Spokane’s Market Beyond Spring 2025 Spokane’s market shows strong fundamentals and long-term promise. Population growth, infrastructure development, and sustained demand for quality homes continue to drive interest in the region. While seasonal shifts may occur, the long-term outlook remains optimistic. Expect continued price growth and fast-paced sales, particularly in neighborhoods with strong amenities and school districts. How I Can Help as Your Spokane Real Estate Agent Navigating today’s Spokane real estate stats in 2025 requires experience, strategy, and local knowledge. That’s where I come in. I work closely with buyers and sellers to create customized plans based on real-time market data and personal goals. Whether you're looking to buy your dream home or sell for top dollar, I’m here to guide you every step of the way. My clients trust me not just because I know Spokane—but because I genuinely care about their success. Conclusion: Make the Most of Spokane Real Estate in 2025 The Spokane real estate market in 2025 is moving fast, with rising prices, limited inventory, and eager buyers. For sellers, the conditions are ripe to list with confidence. For buyers, being informed and decisive is key to landing the right property. Whatever your goals, I’d love to help you achieve them. If you’re ready to make a move—or just want to understand your options—reach out today and let’s talk strategy. FAQs 1. Is Spokane a buyer's or seller's market in 2025? Spokane is currently a seller’s market, with low inventory and strong buyer demand. 2. How fast are homes selling in Spokane right now? Most homes are selling in under 25 days on average—often much faster for well-priced listings. 3. Are home prices still rising in Spokane? Yes, prices have steadily increased, with both median and average sold prices higher than last year. 4. What should I know before buying a home in Spokane in 2025? Be prepared to act quickly. Get pre-approved and work with a local agent to make competitive offers. 5. How can a real estate agent help me navigate the Spokane market? A local agent provides insider knowledge, strong negotiation skills, and personalized guidance to help you succeed in a fast-moving market. About Me My name is Nick Briggs Being born and raised in Spokane I grew up knowing what a special place this city is, and it was my dream to help others create a life in this wonderful community by guiding them in real estate. I spent many years in the customer service industry, the experience of listening and communication showed me how much I truly loved helping people. I attended Gonzaga University and earned a Bachelor’s Degree in Business Administration to add to my knowledge of guiding, managing, negotiating, and listening to individuals, helping them achieve their real estate goals.

The 2025 Spokane Market and Your Home's Value If you're thinking about listing your property this year, you're likely asking: how much will I make selling my Spokane home?  It's one of the most important financial decisions you'll make, and in 2025, it’s more relevant than ever due to fluctuating interest rates, evolving buyer demand, and changing home values. As a local Spokane Realtor, I’m writing this article to help you navigate the numbers confidently and avoid costly surprises. These are helpful tips, not financial, legal, or tax advice. Be sure to consult the proper guidance. Home Sale Price Trends in Spokane for 2025 Spokane's housing market has seen moderate appreciation coming into 2025, with average home sale prices increasing between 3% and 6% year-over-year depending on the neighborhood. Areas like South Hill, North Spokane, and Kendall Yards continue to attract strong buyer interest, while some outer neighborhoods are seeing more stable growth. The shift in mortgage rates has slightly cooled the rapid pace of 2022–2023, but demand remains strong due to continued population growth and tight housing supply. These factors help sellers achieve favorable sale prices, especially for move-in ready homes. Typical Seller Costs to Expect in Spokane Understanding what eats into your gross sale price is essential. On average, Spokane home sellers can expect to pay the following: Real estate commissions : Typically 5% to 6% of the sale price, split between the buyer’s and seller’s agents. Depending on if Buyer or Seller is paying. Title, escrow, and closing fees : These can range from $1,500 to $3,000 depending on your sale price and title company. Repairs and staging : Pre-listing repairs, cleaning, and home staging could cost anywhere from $1,000 to $5,000 depending on your home's condition and how market-ready it is. Factoring in these costs ensures you have a realistic idea of your take-home proceeds when your home sells. Estimating Your Net Proceeds: Spokane Home Sale Calculator To estimate your net proceeds, start by subtracting your mortgage balance and seller costs from your expected sale price. For example, if you sell your Spokane home for $475,000, and you still owe $275,000 on your mortgage, then after about $30,000 in combined selling costs, your estimated proceeds would be around $170,000. Real-world examples across Spokane in 2025 show that sellers are walking away with anywhere between $80,000 and $250,000 depending on property type, mortgage payoff, and timing. Many sellers forget to include items like prorated property taxes or HOA fees in their calculations, which can result in overestimating profits. Working with a Realtor helps avoid these common miscalculations. Capital Gains and Tax Implications in 2025 If you've owned and lived in your home for at least two of the past five years, you may qualify for capital gains exclusions —up to $250,000 for single filers or $500,000 for married couples. That means most Spokane homeowners won’t owe federal capital gains tax on their home sale proceeds. Washington state currently does not have an income tax, but consult a CPA about excise taxes and changes to the Real Estate Excise Tax (REET) that could apply based on your sale price or if you’re selling investment property. Tax-efficient strategies, such as investing proceeds in a 1031 exchange (for investment properties), can help maximize your gains. Market Conditions and Timing Your Spokane Home Sale Historically, Spokane’s spring and early summer market (April to June) offers the highest returns. Inventory is lower, buyer competition is higher, and sale prices tend to peak. In 2025, these trends are holding steady. However, with interest rate shifts, it's crucial to watch buyer demand closely. Listing when rates dip slightly—even for a week—can increase your home’s visibility and final sale price. If you're unsure whether to sell now or wait, I can help evaluate your timing based on both market data and your personal goals. Boosting Your Spokane Home's Sale Price Simple upgrades like repainting, modern lighting, and kitchen or bathroom refreshes can add significant value. Spokane buyers in 2025 are also highly responsive to energy-efficient upgrades like smart thermostats, newer HVAC systems, and well-maintained landscaping. Professional home staging has also proven to reduce time on market and increase sale price—especially in competitive neighborhoods. Marketing your home strategically through digital platforms, social media, and local channels makes a major difference. That’s something I handle for every client to ensure your listing gets maximum visibility. How Much Will I Make Selling My Spokane Home? Let’s bring it all together. To calculate your net proceeds: Start with your estimated sale price. Subtract your remaining mortgage balance. Deduct estimated selling costs (possible agent commissions, fees, staging). Account for taxes or special assessments, if applicable. You can also use online calculators, but they often miss Spokane-specific costs or don’t factor in local trends. Comparing FSBO vs Using a Spokane Realtor Some sellers consider For Sale By Owner (FSBO) to save on commission fees. However, FSBO homes typically sell for 6–11% less on average than agent-represented homes. Why? Lack of exposure, negotiation expertise, and pricing strategy. When you list with a Spokane Realtor, you gain access to market insights, MLS syndication, and negotiation leverage that often results in a higher net even after commission. What If You Still Owe on Your Mortgage? If you haven’t paid off your home yet, no problem—just subtract your mortgage payoff amount from your net. Your lender can provide this exact figure. Your equity (home value minus remaining mortgage) is the key indicator of how much cash you’ll walk away with. In Spokane, homeowners who bought before 2020 are often seeing pretty good equity positions. There are calculators available to help, or I can create a custom net sheet for your situation. Selling an Inherited or Investment Property in Spokane Selling inherited real estate comes with added layers: potential probate, stepped-up basis tax rules, and possibly capital gains. Investment properties also require careful consideration. If you're in this situation, reach out. I can help you evaluate your best path forward. Working With a Spokane Realtor: What to Expect As your Realtor, I bring more than just MLS access—I offer deep Spokane market knowledge, pricing strategies, and high-level marketing campaigns. I also handle the heavy lifting: photography, open houses, offers, negotiations, and contract management. My goal is always to protect your interests and maximize your net proceeds from day one. Conclusion: Let’s Maximize Your Spokane Home Sale To answer the question— how much will I make selling my Spokane home —you need to consider your mortgage balance, selling costs, market timing, and pricing strategy. It’s a formula I’ve mastered for clients across the region. Partnering with a knowledgeable Spokane Realtor gives you a real advantage in today’s complex housing market. If you’re ready for a custom estimate or want to chat about your home’s potential, I’d love to help. Let’s maximize your equity together. FAQs About Selling a Spokane Home in 2025 What are the average closing costs in Spokane? They typically range from 6% to 8% of the home’s sale price, depending on service providers. How quickly are homes selling in 2025? On average, homes in Spokane are selling in 14–28 days depending on price point and location. Is it worth renovating before selling? Yes—especially kitchens, bathrooms, and energy-efficient upgrades. The return on investment can be significant. How do I calculate how much I’ll make from selling my Spokane home? Subtract your remaining mortgage, closing costs, and commissions from your sale price. A Spokane Realtor can help you create a personalized net sheet. What is the average home sale price in Spokane in 2025? As of 2025, average home sale prices in Spokane range between $425,000 and $500,000 depending on neighborhood and condition. What are the most profitable months to sell a home in Spokane? Spring and early summer—April through June—are often the most lucrative months due to buyer competition and low inventory. 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. Let me help you achieve yours today!

Spokane’s real estate market has seen rapid growth over the past several years, with escalating home values driven by a mix of urban migration, low housing inventory, and pandemic-related shifts in buyer priorities. But as we look ahead to 2025, uncertainty looms. Interest rate hikes, inflationary pressures, and evolving economic conditions are all creating questions about the future. My name is Nick Briggs, I am a local Spokane real estate agent and realtor sharing this guide to help buyers and sellers navigate the evolving housing landscape in 2025 with clarity and confidence. Why 2025 Is a Pivotal Year for Spokane Real Estate The year 2025 could mark a significant turning point. Economists are closely watching trends that suggest a semi-cooling market nationwide, and Spokane is not immune to these forces. Key indicators such as housing starts, listing durations, and mortgage applications are painting a picture of cautious movement. With the market stabilizing post-pandemic, 2025 may usher in more balanced conditions — neither overly hot nor ice-cold. Rising interest rates are likely to be one of the strongest influencers, potentially cooling the enthusiasm of first-time buyers while motivating hesitant sellers to act sooner rather than later. Will Spokane Home Prices Drop in 2025? This is the big question: will Spokane home prices drop in 2025? Experts suggest a modest price stabilization may be on the horizon. Factors like increased housing supply, affordability ceilings, and federal monetary policies are pointing toward a market correction — not a crash, but defiantly less appreciation than prior years. According to Zillow and Redfin projections, Spokane may experience a very slight increase in median home prices in 2025 compared to late 2024. While this is not drastic, it does signal a shift from the double-digit growth we’ve seen in recent years. Buyer sentiment is changing as well. Many prospective homeowners are waiting for better rates or pricing opportunities, while sellers are rethinking their asking prices to remain competitive. Historical Price Trends in Spokane Real Estate Looking at the past decade , Spokane has seen strong appreciation — in some years surpassing 15% annual growth. However, like all cyclical markets, highs are eventually followed by a cooldown. Past periods of price correction have proven that Spokane’s real estate remains resilient and recovers steadily. Comparing to past economic cycles, we observe that while prices may dip, the long-term outlook remains positive for homeowners. Supply vs Demand: The Balancing Act Inventory levels are slowly rising, but demand remains relatively strong, especially from out-of-state buyers. However, the pace is changing. New housing developments, rezoning efforts, and relaxed building regulations are contributing to an increase in housing supply. Meanwhile, population growth continues, albeit at a slower rate, as affordability becomes a concern for newcomers. This evolving balance will heavily influence price trends throughout 2025. Interest Rates and Affordability in 2025 Interest rates are expected to remain elevated or possibly increase further if inflation remains persistent. Higher borrowing costs reduce affordability and buyer power, which in turn affects how much people can offer — or are willing to pay. Affordability, already stretched in Spokane, could see a slight improvement if prices decrease. However, the pressure from interest rates might cancel out that gain for many first-time buyers. Economic Factors Influencing Spokane's Market The local economy is stable but facing some headwinds. Spokane’s job market — particularly in healthcare, education, and tech — remains a strong foundation. However, rising operational costs for developers and uncertainty around national policy changes could create volatility. Infrastructure development and increased public investment could provide a cushion, offering hope for long-term market health. Will a Housing Market Crash Happen in Spokane? All signs point to a slight market correction, not a crash. Unlike the 2008 housing collapse , today’s lending standards are much stricter, and buyers have stronger credit profiles. There’s also a greater emphasis on equity and less speculative investment. In short, Spokane is unlikely to experience a sharp collapse in prices. Instead, expect a soft landing — gradual price reductions and slower sales cycles. What This Means for Homebuyers If you’ve been priced out or hesitant to buy, 2025 could be a good time to re-enter the market. Slightly lower prices and longer listing times give buyers more room to negotiate. However, keep a close eye on interest rates — they’ll greatly affect your purchasing power. Working with a trusted local agent can help you identify areas with strong value potential and navigate the complexities of timing your purchase. What This Means for Home Sellers Sellers should be prepared for a more competitive landscape. Overpricing will be punished by longer days on market, while strategic pricing and staging will help properties stand out. Consider selling earlier in the year before further price adjustments take place. Now more than ever, expert guidance from a local realtor is critical. Best Spokane Neighborhoods to Watch in 2025 Areas like Kendall Yards, South Hill, and Indian Trail continue to show strong community development and consistent demand. Meanwhile, neighborhoods like West Central and parts of Hillyard offer emerging opportunities for appreciation. Up-and-coming areas are seeing investment in public infrastructure, making them ideal for buyers looking for long-term value. Tips for Investing in Spokane Real Estate in 2025 For investors, the key will be finding properties with long-term rental potential and manageable upfront costs. Multi-family units, student housing near Gonzaga and Eastern Washington University, and properties in developing corridors will be prime targets. Diversify your portfolio and work with a realtor who understands the investment side of the Spokane market. How Working with a Local Spokane Realtor Can Help Navigating a shifting market is challenging. A local realtor like myself offers real-time insights, neighborhood-specific knowledge, and trusted negotiation skills that national platforms can’t match. I provide personalized advice tailored to your goals — whether you're buying, selling, or investing. Why Choose Me as Your Spokane Real Estate Agent With years of experience serving the Spokane area, I’ve helped many clients make confident, informed decisions — even in unpredictable markets. I combine market analysis with real-time data, offer unmatched communication, and advocate for your best interests at every step. I know Spokane, and I know how to help you succeed in it. Conclusion: Prepare for Spokane's 2025 Housing Market 2025 is shaping up to be a year of transition in the Spokane real estate market. While slower appreciation is expected, it's likely to be moderate and part of a healthy correction. Buyers will gain negotiating power, and sellers will need to adapt with smarter strategies. Regardless of your goals, knowledge and preparation are your best tools — and working with a professional can make all the difference. FAQs Will housing prices in Spokane go up again after 2025? Yes, historically Spokane has rebounded after corrections. While 2025 may see stabilization and slower appreciation, long-term growth is expected. How will interest rates affect Spokane buyers? Higher rates reduce affordability but may lead to price adjustments that help balance the market. Is 2025 a good year to buy property in Spokane? Yes, especially for buyers who are prepared and work with a local expert to find the right opportunities. What areas of Spokane offer the best value? Look to emerging neighborhoods like West Central and traditional favorites like South Hill for strong investment potential. How can I find the right real estate agent in Spokane? Choose someone with local experience, deep market knowledge, and a commitment to personalized service — like me. 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. Let me help you achieve yours today!