If you’ve been watching the news about buying and selling in Spokane lately, you might be scratching your head — “Is it still crazy out there, or is things finally calming down?” Good question. Here’s the latest scoop, straight from recent data and local trends, so you (and your clients) know what’s really going on in our market.
📊 What the Numbers Say Right Now
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The median sale price for homes in Spokane is around $365,000, which is about 1.2% lower than a year ago.
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The typical time from listing to sale (“days on market”) has stretched to about 30 days, up slightly compared to last year.
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The listing side shows a median listing price around $450,000, with roughly 2,100 active listings in the Spokane city area.
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Compared to the hyper‑competitive market during the pandemic boom, things are more balanced: price growth is modest, and there’s a bit more breathing room for buyers.
🔎 What’s Driving Market Behavior
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Buyers — especially those relocating from higher‑cost metros — are still actively searching. According to recent national data, many are casting a wider net outside their local areas.
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Inventory remains relatively healthy, and not every house is flying off the market. That means being realistic about pricing and presentation matters more than ever.
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For sellers, this isn’t a “list high and pray” market. Homes need to stand out on condition and value — the over‑pricing strategies from 2021–2022 aren’t working as reliably anymore.
✅ What This Means for Buyers & Sellers
For Buyers:
You’re in a decent spot. The pressure is lower than during the pandemic‑era rush — but good homes still move in weeks, not months. If you know what you want and are pre-approved, you can take your time, compare neighborhoods, and make a strategic decision instead of feeling rushed.
For Sellers:
You’ll get attention — but only if your home is ready. Clean, staged homes at reasonable prices are still drawing interest. Overpriced or “needs a lot of work” homes? Expect them to linger.
💡 Smart Moves This Week (Yes — This Week)
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Buyers: Set up alerts for new listings in your target neighborhoods. Have your financing lined up. Be ready to act when you see a home that fits.
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Sellers: Walk through your home as if you were a buyer — what stands out, what needs fixing, what could be improved? Then price it with recent comparable sales, not nostalgia from 2021.
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.
If you want help analyzing a particular neighborhood, pricing a listing, or strategizing for an offer — you know where to find us.
