| Metric | Latest | Detail |
|---|---|---|
| Median listing price | $477,950 | -4.4% YoY |
| Median price per sq ft | $231 | 2,162 sq ft median |
| Median days on market | 52 | +4% YoY |
| Active listings | 2,469 | +8% YoY |
| New listings this month | 836 | September 2026 |
| Listings with a price cut | 24% | Share of active |
| Median sale price (closed) | $440,750 | +0.2% YoY · closed sales, July 2026 |
| Sale-to-list ratio | 98.6% | Closed sales, July 2026, seasonally adjusted |
| Pending-to-active ratio | 34.0% | 840 pending |
| Inventory vs 2019 | 168% | Active listings vs same month in 2019 |
| Gross rental yield | 3.8% | 2BR fair market rent |
Secondary metropolitan market · Washington · September 2026 data
What is the Spokane, WA real estate market doing?
As of September 2026, the median home listed in Spokane, WA asks $477,950, down 4.4% year over year. Homes spend a median of 52 days on market, with 2,469 active listings and 24% carrying a price cut; pending contracts equal 34% of active listings, and inventory sits at 168% of the same month in 2019 — a balanced market. Estimated gross rental yield on the median listing is 3.8%. Figures come from public records and industry data, updated monthly.
Median listing price
$477,950
▼ 4.4% YoY
Median $ / sq ft
$231
2,162 sq ft median
Median days on market
52
September 2026
Active listings
2,469
For sale now
New listings
836
September 2026
Listings with price cuts
24%
Share of active
Inventory vs 2019
168%
Same month, 2019 = 100
Pending / active
34%
Contract activity
Median sale price (closed)
$440,750
▲ 0.2% YoY · closed sales · July 2026
Sale-to-list ratio
98.6%
Closed sales · July 2026, seasonally adjusted
Homes sold / month
743
Closed sales · July 2026, seasonally adjusted
What is the Spokane, WA housing market doing right now?
The Spokane, WA housing market lists at a $477,950 median as of September 2026, down 4.4% year over year, with a 52-day median market time and 2,469 homes for sale (24% with a price cut). Active inventory is 168% of the 2019 level, reading as a balanced market under WealthyBud's published buyer/seller rule. Gross rental yield is about 3.8%.
Spokane housing market statistics
The table summarizes Spokane's key housing figures for September 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data. Closed-sale figures are Redfin's July 2026 data, the latest settled month Redfin reports for Spokane.
How have home prices changed in Spokane?
Spokane home prices are down 4.4% year over year and -2.5% month over month as of September 2026, at a $477,950 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.
Median listing price, Spokane WA · trailing 8 quarters · source: public records and industry data.
The 10-year view
10-year median listing price, Spokane WA · June of each year, 2017–2026 · source: public records and industry data.
How much inventory is on the market in Spokane?
Spokane has 2,469 active listings, 836 new this month, 840 pending as of September 2026. About 24% of active listings have cut their price, and inventory sits at 168% of its 2019 level — a balanced market by pace.
Is Spokane a good real estate investment?
Spokane scores 34/100 on WealthyBud's composite Investor Score, ranking #764 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.
Investor Score
34/100
#764 of 933 covered metros
Price volatility
High
σ 7.8% · 20-yr price-index swings
Spokane scores 34/100 on our composite Investor Score (#764 of 933 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 39% over five years and +131% over ten, leaving prices 50% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,499/mo for a two-bedroom, the gross rental yield on the median listing is about 3.8%; active inventory sits at 168% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are down 4.4% year over year; all against a national 30-year fixed mortgage rate of 7.28% (national weekly average, 2026-10-01).
Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Spokane ranks on the trending markets index.
How much is a monthly mortgage payment in Spokane?
A home at Spokane's $477,950 median listing runs about $2,616 a month in principal and interest — 20% down on a 30-year fixed loan at the current 7.28% national average rate. Taxes, insurance and HOA are extra.
If rates fall 1% · 6.28%
$2,362/mo
−$254/mo vs today
At today's rate · 7.28%
$2,616/mo
National weekly average
If rates rise 1% · 8.28%
$2,881/mo
+$264/mo vs today
Principal & interest on the $477,950 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 7.28% (national weekly average, 2026-10-01). Model a full deal in the deal analyzer.
How much income do you need to buy a home in Spokane?
To buy Spokane’s $477,950 median listing with 20% down, a household needs about $126,000 a year in gross income, keeping principal, interest and property tax ($2,951/mo) at 28% of income. That is 1.7× the area’s $72,836 median household income, so a typical Spokane household cannot afford the median listing on these terms.
| Item | Amount | Basis |
|---|---|---|
| Median listing price | $477,950 | September 2026 |
| Down payment (20%) | $95,590 | Assumption |
| Principal & interest (7.28%, 30-yr fixed) | $2,616/mo | Rate as of 2026-10-01 |
| Property tax (0.84% effective rate) | $335/mo | Census ACS |
| Income needed (28% rule) | $126,000 | Gross household income / yr |
| Median household income | $72,836 | Census ACS 2023 ACS 5-year |
Excludes homeowners insurance, HOA dues and mortgage insurance, so the true income needed is higher. Compare every market in the income-needed ranking and the price-to-income ranking.
What is driving the Spokane housing market?
Longer-run demand in Spokane shows up in 3,193 homes permitted in 2025; net migration of +719 residents; -0.6% job growth. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.
Building permits (2025)
3,193
▼ 19.1% vs 2024
5.4 per 1,000 residents
Net migration (2022–2023)
+719
▲ people, via tax-return records
net income flow +$46.6M/yr
Job growth (YoY)
-0.6%
▼ 264.4k nonfarm jobs · August 2026
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding
Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.
What is the latest Spokane real estate news?
Spokane County assessor: Most homes see minor value increase while downtown buildings continue downward trendThe Spokesman-Review · 2026-06-11→Washington Ranked #24 Among Hottest Real Estate Markets of 2026 | Spokane NewsNonStop Local KHQ · 2026-04-09→Are Homes Selling in Spokane in 2026?Stacker · 2026-06-25→How long does it take to buy a house in Spokane in 2026?Nonstop Local News · 2026-06-22→
Spokane's housing market in 2026 shows minor home value increases, a "hottest market" ranking, and interest in sales timelines, with downtown properties trending downward. — AI-generated summary of the headlines above; read the linked coverage before relying on it.
Headlines collected 2026-07-05; each links to the original publisher.
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Median price, pace and inventory for 14 Spokane ZIPs — the spread behind the metro number.
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The highest-producing real estate agents in Spokane, ranked by recent sales.
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ReadSpokane housing market FAQ
What is the median home price in Spokane?
As of September 2026, the median listing price in Spokane, WA is $477,950, down 4.4% year over year (source: public records and industry data).
How much does it cost to buy a home in Spokane?
The median home listed in Spokane asks $477,950 as of September 2026. With 20% down on a 30-year fixed loan at the current 7.28% national average rate, that runs about $2,616 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Spokane?
The median property in Spokane spends 52 days on the market, with 2,469 homes actively listed and 24% of them carrying a price cut — a balanced market as of September 2026.
Is it a buyer's or seller's market in Spokane?
With a median 52 days on market and 24% of active listings carrying a price cut, pending contracts at 34% of active listings, Spokane reads as a balanced market as of September 2026. Labels use WealthyBud's published DOM / sale-to-list / price-cut / pending rule. Conditions shift monthly.
Is Spokane a good place to invest in real estate?
Spokane scores 34/100 on WealthyBud's Investor Score, ranking #764 of 933 covered U.S. metros as of September 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Spokane?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Spokane and the wider Washington market, ranked by recent sales from public profile data.
Based on public records and industry data, September 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.
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