Spokane, WA Housing Market
The Spokane housing market is very competitive. Homes in Spokane receive 2 offers on average and sell in around 10 days. The median sale price of a home in Spokane was $371K last month, up 0.1% since last year. The median sale price per square foot in Spokane is $207, down 0.96% since last year.
Spokane Housing Market Trends
In April 2024, Spokane home prices were up 0.1% compared to last year, selling for a median price of $371K. On average, homes in Spokane sell after 10 days on the market compared to 11 days last year. There were 240 homes sold in April this year, up from 225 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Spokane housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 10 days.
- Hot homescan sell for about 3% above list price and go pending in around 4 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 15 days.
- Hot homescan sell for about 2% above list price and go pending in around 5 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 6 months
- Some homes get multiple offers.
- The average homes sell for about 2% below list price and go pending in around 32 days.
- Hot homescan sell for around list price and go pending in around 13 days.
Spokane Migration & Relocation Trends
- Across the nation, 0.70% of homebuyers searched to move into Spokane from outside metros.
- Seattle homebuyers searched to move into Spokane more than any other metro followed by Los Angeles and Portland.
- 43% of Spokane homebuyers searched to stay within the Spokane metropolitan area.
- Sandpoint was the most popular destination among Spokane homebuyers followed by Bellingham and Phoenix.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 1,537 | ||
2 | 543 | ||
3 | 279 | ||
4 | 213 | ||
5 | 136 | ||
6 | 73 | ||
7 | 52 | ||
8 | 52 | ||
9 | 46 | ||
10 | 37 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 182 | ||
2 | 103 | ||
3 | 44 | ||
4 | 36 | ||
5 | 23 | ||
6 | 20 | ||
7 | 20 | ||
8 | 18 | ||
9 | 15 | ||
10 | 13 |
Home offer insights for Spokane
Recent offers
- Offer Not Accepted|6 Weeks Ago~$350K OfferSold for $350K4 bd | 2 ba | ~1,750 sqftOver List Price2%Days on Market3Competing Offers>1Down Payment<10%
- Offer Not Accepted|6 Weeks Ago~$350K OfferSold for $350K3 bd | 2 ba | ~1,250 sqftUnder List Price1%Days on Market3Competing Offers2Down Payment<10%
- Offer Not Accepted|8 Weeks Ago~$450K OfferSold for $450K4 bd | 3 ba | ~2,250 sqftOver List Price0%Days on Market4Competing Offers0Down Payment~30%
- Offer Not Accepted|9 Weeks Ago~$325K OfferSold for $350K3 bd | 1 ba | ~1,750 sqftOver List Price0%Days on Market8Competing Offers1Down Payment~20%
- Offer Not Accepted|11 Weeks Ago~$300K OfferSold for $325K3 bd | 2 ba | ~1,750 sqftOver List Price1%Days on Market2Competing Offers9Down Payment<10%
View houses in Spokane that sold recently
Recently sold homes
- $413,645 Last Sold Price3 beds2 baths1,466 sq ft3531 S Wapiti Ln, Spokane Valley, WA 99206List Price$412,995Sale to List0% over listDays on Market64 days3531 S Wapiti Ln, Spokane Valley, WA 99206
- $550,000 Last Sold Price3 beds2 baths1,917 sq ft7013 E Fairmont Ln, Spokane, WA 99217List Price$545,000Sale to List1% over listDays on Market44 days7013 E Fairmont Ln, Spokane, WA 99217
- $875,000 Last Sold Price5 beds3 baths3,959 sq ft6327 S Helena St, Spokane, WA 99223List Price$875,000Sale to List0% over listDays on Market25 days6327 S Helena St, Spokane, WA 99223
- $340,000 Last Sold Price4 beds1 bath—sq ft1518 E Liberty Ave, Spokane, WA 99207List Price$339,950Sale to List0% over listDays on Market70 days1518 E Liberty Ave, Spokane, WA 99207
- $480,000 Last Sold Price—beds—baths—sq ft6412 S Verona Ln, Spokane, WA 99223List Price$550,000Sale to List13% under listDays on Market59 days6412 S Verona Ln, Spokane, WA 99223
- $625,000 Last Sold Price5 beds3 baths3,082 sq ft824 W 19th Ave, Spokane, WA 99203List Price$725,000Sale to List14% under listDays on Market156 days824 W 19th Ave, Spokane, WA 99203
- $465,000 Last Sold Price6 beds4 baths3,378 sq ft4910 W Fernwood Ct, Spokane, WA 99208List Price$440,000Sale to List6% over listDays on Market50 days4910 W Fernwood Ct, Spokane, WA 99208
- $430,000 Last Sold Price—beds—baths—sq ftNNA E Summit Rd, Spokane, WA 99217List Price$450,000Sale to List4% under listDays on Market43 daysNNA E Summit Rd, Spokane, WA 99217
See all recently sold homes in Spokane.
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Schools in Spokane
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Wilson Elementary School Public • PreK-6 | 359 Students | 6 reviews |
8/10 Balboa Elementary School Public • PreK-6 | 290 Students | 9 reviews |
8/10 Moran Prairie Elementary School Public • PreK-6 | 489 Students | 10 reviews |
8/10 Bryant Center Public • PreK-12 | 346 Students | 2 reviews |
7/10 Evergreen Elementary School Public • K-5 | 494 Students | 10 reviews |
Climate's impact on Spokane housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Spokane.
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Fire Factor - Moderate
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Wind Factor - Minimal
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Heat Factor - Moderate
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Transportation in Spokane
Walk Score®
Transit Score®
Bike Score®
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