The Spokane Valley housing market is very competitive. Homes in Spokane Valley receive 2 offers on average and sell in around 32 days. The median sale price of a home in Spokane Valley was $420K last month, up 0.3% since last year. The median sale price per square foot in Spokane Valley is $203, down 0.49% since last year.
What is the housing market like in Spokane Valley today?
In March 2024, Spokane Valley home prices were up 0.3% compared to last year, selling for a median price of $420K. On average, homes in Spokane Valley sell after 32 days on the market compared to 24 days last year. There were 80 homes sold in March this year, down from 100 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$419,998
+0.3% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Spokane Valley, WA
$419,998
+0.3%
United States
To compare other locations to the Spokane Valley and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Spokane Valley add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Spokane Valley housing market?
Spokane Valley is very competitive. Homes sell in 31 days.
0
100
70
Very Competitive
Redfin Compete Score™
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 31 days.
Hot homes
can sell for about 2% above list price and go pending in around 6 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Spokane Valley
Explore recent offers and recently sold homes in Spokane Valley
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
8/10
Sunrise Elementary School
Public • PreK-5
647
Students
3 reviews
7/10
Chester Elementary School
Public • PreK-5
449
Students
3 reviews
7/10
Continuous Curriculum School
Public • K-8
496
Students
7 reviews
6/10
Trentwood Elementary School
Public • PreK-6
468
Students
N/A
6/10
Ponderosa Elementary School
Public • PreK-5
421
Students
4 reviews
Only showing 5 of
27 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Spokane Valley housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Spokane Valley.
Risk Factor
Flood Factor - Moderate
15% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Spokane Valley has a moderate risk of flooding. 2,350 properties in Spokane Valley are likely to be
severely affected
by flooding over the next 30 years. This represents 15% of all properties in Spokane Valley. Flood risk is increasing faster than the national average.
72% of properties are at risk of wildfire over the next 30 years
Fire Factor
Spokane Valley has a moderate risk of wildfire. There are 24,155 properties in Spokane Valley that have some risk of being affected by wildfire over the next 30 years. This represents 72% of all properties in Spokane Valley.
Spokane Valley has minimal risk of severe winds over the next 30 years
Wind Factor
Spokane Valley has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.