Thinking about buying or selling in Spokane? You’re in luck! The market is shifting, and 2025 is shaping up to be all about balance, clarity, and smart moves rather than frantic bidding wars. Here’s the latest pulse on what’s happening in our corner of the Inland Northwest.
🔎 Where Spokane Stands Now
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The median sale price for homes in Spokane is around $365,000, which reflects a slight dip of –1.2% compared to a year ago.
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Houses are spending about 30 days on the market on average, up a hair from last year.
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Meanwhile, the listing side shows a median listing price near $494,500 (for Spokane County) as of late 2025.
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Inventory remains more substantial than the low‑inventory frenzy of the early 2020s, giving buyers more options and more negotiating power.
💡 What’s Driving the Change And What It Means
With prices cooling just a bit and more homes on the market, Spokane is starting to look more like a “normal” real‑estate market: stable, navigable, and a bit more forgiving than what we saw at the height of the boom. Demand hasn’t disappeared, it’s simply less frenzied. That means:
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Buyers: You have breathing room. More listings, more time to compare, and better opportunities to find a home that fits without paying over-asking just to get competitive.
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Sellers: It’s still a solid market, but presentation and pricing matter more than ever. Overpriced homes or those needing a lot of repair are staying on the market. Speed will come to the well‑priced, well‑staged houses.
Mortgage rates remain a factor, with typical 30‑year fixed rates staying in the “mid‑6%” range. That makes affordability a moving target for both buyers and sellers.
🛠️ Smart Moves for Buyers & Sellers Right Now
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For Buyers:
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Get pre‑approved now. That gives you advantage when you spot a home you like and with inventory higher, good homes move quicker than you might expect.
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Be ready to act when a property is priced right. Don’t expect a bidding war, but do expect some competition.
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For Sellers:
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Think “storybook appeal.” Clean, well‑staged homes at realistic prices are getting attention.
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Price based on the current market, not nostalgia from 2021–2022. Buyers are more discerning and more selective right now.
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✅ Bottom Line
Spokane’s real‑estate market in late 2025 is calmer, more balanced, and more predictable than in the crazier years. That doesn’t mean it’s slow, it means it’s smart. Whether you’re buying or selling (or just watching), you have more breathing room to make decisions with your head, not just your heart.
