Spokane’s real estate market is always evolving, and 2025 is no exception. Whether you’re buying your first home or thinking about selling, understanding current Spokane home prices can give you the edge you need in today’s market.
Spokane’s Median Home Price
As of this month, Spokane’s median home sale price is around $380,000, which is down about 2–3% year over year. Zillow’s Home Value Index shows Spokane’s average home value hovering near $395,500. Price per square foot is averaging $201, down slightly from last year.
This shift signals that the market is adjusting after years of rapid growth — and both buyers and sellers can use that to their advantage.
What This Means for Buyers
For buyers, a modest dip in home prices paired with rising inventory means more choices and potentially more negotiating power. Homes are sitting on the market a bit longer — the median is now 25 days, compared to 21 days this time last year.
If you’ve been waiting for Spokane’s competitive market to cool, now may be your chance to find the right home at the right price. Neighborhoods like North Spokane, Spokane Valley, and Liberty Lake are showing strong activity with diverse options for different budgets.
What This Means for Sellers
While prices are slightly lower than last year, demand for homes in Spokane remains strong. Buyers are still searching daily for new listings and move-in ready homes. Homes near parks, trails, and top schools continue to sell faster and at stronger prices.
To stand out in today’s market, sellers should focus on:
-
Competitive pricing backed by current comps
-
Staging and marketing that highlight unique features
-
Targeting today’s most searched-for amenities: updated kitchens, outdoor spaces, and garages
Spokane vs Spokane County
It’s worth noting that Spokane County’s median home price is closer to $440,000, slightly higher than the city itself. This makes the city of Spokane attractive for buyers seeking affordability, while surrounding areas draw interest for larger lots and newer builds.
Final Thoughts
The Spokane housing market is balancing out, creating opportunities on both sides. Buyers can enjoy more options without bidding wars on every property, and sellers can still benefit from strong demand if they price and market strategically.
At Rios & Co Real Estate, we track Spokane’s housing trends daily. Whether you’re buying or selling, our team can guide you through the numbers, neighborhoods, and strategies to help you succeed.
👉 Ready to talk about Spokane’s current home prices and what they mean for your next move? Contact Rios & Co Real Estate today.
