Spokane, WA Housing Market: Prices, Inventory and Trends in 2026
Spokane home prices sit around $380,000 to $460,000 depending on the source and month. The gap comes mostly from what each source measures, so check the definition before you compare.
You can read the Spokane WA housing market through two price figures from different sources, and they don't measure the same thing. Zillow puts the median home value at $396,121 as of August 2026, flat from the prior month and down 0.3% over the year. [1] Related reading: Jersey City, NJ Housing Market: Prices, Inventory and Rents.
Redfin reports an average Spokane house price of $380K for its latest month, up 2.0% from last year. [2] Its figure is an average, and Zillow's is a median home value, so the two numbers are not directly comparable. [1]
For a buyer, that means the market looks fairly steady, but one average or median says little about the specific house you want. Realtor.com lists 2140 homes for sale in Spokane, WA, with a median listing price of $400000. [3]
Why do Spokane home price figures differ so much?
Spokane's price figures differ mostly because each one measures something different: a different place, a different type of transaction, or a different date. Once you know which of those a figure uses, the gaps make more sense.
Different places
The city of Spokane Valley's official website reports a median residential sale price of $458,645 for March 2026 [4]. That figure covers only the city of Spokane Valley, not the wider Spokane area. A number from one city can sit well above or below a number for the broader region, and both can be accurate.
Different property types and time periods
Halsted's January 2026 close puts the median sales price for homes and condos in Spokane at $415,000, up 2.7% year over year [5]. This count includes condos alongside single-family homes, and it covers one month.
Asking prices versus sale prices
Realtor.com lists a median listing price of $400,000 [3]. A listing price is what a seller asks, not what a buyer pays. Asking prices and final sale prices often differ, so a listing median and a sale median can point in different directions even when they describe the same city.
Older figures show how quickly the numbers move
Older reports show that the picture can shift in a short time. One local real estate blog put the median home price in Spokane at approximately $410,000 as of early 2025 [6]. Compared with the $415,000 Halsted reported for January 2026, that earlier figure is lower, a small change over roughly a year. It also shows that a figure you read earlier may already be out of date.
How to compare them
When you put two figures side by side, match three things: the geographic area, whether the number reflects sales or listings, and the time period. If one figure covers Spokane Valley and another covers Spokane, they are measuring different markets. If one is a listing median and the other is a sale median, the difference tells you about asking versus closing prices, not about a change in the market. It also helps to read Loveland, CO Housing Market: Prices, Supply and Trends.
For a buyer, a sale median is the closer guide to what homes have actually sold for. For a seller, a listing median shows where local asking prices sit. Neither one alone gives you the price of a specific house in a specific neighborhood.
How much inventory is for sale in Spokane?
Realtor.com showed 2,140 homes for sale in Spokane, WA when its listing page was checked [3]. That is a count of active listings on one platform at one moment, so it shows how much choice you have right now rather than a fixed total.
Redfin rates the Spokane market as very competitive, scoring it 75 out of 100 [2]. A score that high suggests buyers face competition, so a well-priced listing may draw several offers.
Why the count is a snapshot
A listing count changes as homes sell, come off the market, or are newly listed. A single number tells you little on its own, so the direction over time matters more than the level.
For example, suppose you record the count this week and again three weeks later. If it has dropped, fewer homes are available and competition is probably tightening. If it has risen over several checks, you have more choice and may have more room to negotiate.
How to track the count
Check the same platform on the same day each week, using the same search area and filters. Write the date and the count in a simple log, so the trend stands out.
What you see | What it may mean for you |
|---|---|
Count rising over several weeks | More choice, possibly more room to negotiate |
Count falling over several weeks | Fewer choices, possibly more competition |
Count flat and competitiveness score high | Steady supply with strong demand |
Using the two signals together
Start with the competitiveness score to judge how hard it is to win a home. Then use the listing count to see whether supply is growing or shrinking.
Together, these tell you whether to move quickly or take more time to compare homes. A high score with a shrinking count points to acting fast on a good listing. A high score with a growing count gives you more options to compare before you decide.
If you are searching a single neighborhood or price range, filter the same platform by area and price. Track that smaller count the same way, because it often matches your search better than the citywide total.
How should you read these numbers as a buyer or seller?
Sale prices show what buyers actually paid
A median sale price is the middle price of homes that closed, so it tells you what buyers really paid. If you are deciding what to offer, start with sold prices rather than asking prices. Halsted's monthly close report uses this kind of figure for homes and condos in Spokane [5].
Sales data lag the market a little, because a home must go under contract and close before it counts.
Listing prices show what sellers ask
A median listing price is the middle asking price of homes currently for sale. It measures what sellers hope to get, not what they accept. Realtor.com publishes a median listing price for Spokane [3].
Asking prices often sit above final sale prices, because sellers expect some negotiation. The listing figure is a starting point for the seller, while the sale figure shows what the buyer paid. These numbers are invented for illustration and are not market data.
Home value estimates show direction, not a single price
A home value estimate is a model's guess at what a typical home is worth. It is useful for seeing whether values are rising, flat or falling over several months. Zillow's Spokane page tracks this kind of median home value month to month: "The median home value in Spokane, WA is $396,121 as of August 2026" [1].
Do not use an estimate as the price of one house. A model does not see the condition, upgrades or lot of a specific property. For a real price, look at recent sales of similar homes nearby and ask a local agent for a comparative market analysis.
Use the right number for the right question
Use sale prices to judge what you should offer, listing prices to gauge how much room sellers may have, and value estimates to see the trend. Pick one source and compare it with itself over time, using the same measure each month. Mixing a sales figure from one report with a listing figure from another is the most common mistake.
When you read any report, check its date and what it measures before you compare it with another. A median from a single month can move with only a few sales, so look at several months together.
What do these figures mean for your decision?
Zillow's median home value is $396,121 as of August 2026 [1]. Redfin puts the average house price at $380K for its latest month [2], and Halsted's January 2026 median sales price is $415,000 [5]. Use that band as a working range for the market, not a price for any single house.
The changes are small. Redfin shows prices up 2.0% from last year [2], while Zillow's value is flat from the prior month and down 0.3% over the year [1]. For you, that means a steady market, not one where prices are climbing fast.
These numbers describe past months, not where prices are heading. Before you make an offer, check the newest monthly reports from Zillow, Redfin and Halsted, and compare the same measure from each.