Spokane, WA Home Values & Market Trends
Real estate market trends reflect that there have been 4,474 transactions over the past year in Spokane. The median value for residential home transactions that occurred over the previous year is $363,502.62. The number of current listings in Spokane is 556, and the percentage of properties for sale in the city is 556.00%. Spokane, WA currently has 61 properties in foreclosure, 7 bank owned properties, 49 properties headed for auction, and 556 properties for sale.
Spokane, WA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 99208 | $ 499,000 $ 194/sqft | 99202 | $ 335,000 $ 184/sqft |
| 99205 | $ 311,950 $ 184/sqft | 99216 | $ 394,726 $ 185/sqft |
| 99224 | $ 555,136 $ 217/sqft | 99217 | $ 402,090 $ 210/sqft |
| 99206 | $ 434,941 $ 187/sqft | 99201 | $ 342,810 $ 214/sqft |
| 99207 | $ 288,997 $ 191/sqft | 99218 | $ 535,000 $ 184/sqft |
| 99223 | $ 515,000 $ 211/sqft | 99204 | $ 344,250 $ 196/sqft |
| 99212 | $ 363,131 $ 204/sqft | 99260 | $ -- $ -- |
| 99203 | $ 545,663 $ 213/sqft | 99252 | $ -- $ -- |
Housing Market Summary for Spokane, WA
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $410K | $354.3K | -13.59% |
| Median Sold Price | $360K | $354.3K | -1.59% |
| Homes For Sale | 508 | 473 | -6.89% |
| Homes Sold | 2,334 | 2,324 | -0.43% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Spokane, WA
Browse Homes in Spokane, WA
Spokane home values range from $24,692 to $12,992,006. The median estimated value of a home in Spokane is $363,502.62. The median list price of a home is 425,000, and the total count of properties in the city is 96,436.
- Pre-ForeclosurePre-foreclosure homes account for 0.01% of all residential properties in Spokane, WA with 99217 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 16 zips within Spokane, WA; of those zips, the estimated home value for pre-foreclosure homes ranges from $365,000 in 99218 to the lowest home value of $241,570 in 99217.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Spokane, WA ranges from the highest value of $0 in 99201 to the lowest value of $200,767 in 99212. Bank owned homes and properties account for 0.01% of properties in Spokane, WA. There are 16 zips within Spokane, WA; 99224 containing 3 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions99207 has 13 auction properties, the highest number of properties going to auction in a single zip in the state of Spokane, WA. Auction homes and other auction properties account for 0.05% of all properties in Spokane, WA. There are 16 zips within Spokane, WA; of those zips, the median estimated home value for homes going to auction ranges from $349,250 in 99224 to the lowest value of $125,000 in 99224.
Compare Nearby Cities
More Real Estate Resources for Spokane, WA
Guide for Spokane, WA
The Spokane real estate market is dynamic with average home value at $425,000 and per square foot value of $211 as of March 2024.
This blog post examines the ebb and flow of the Seattle real estate market in the past year, providing detailed insights into property values, average sold prices, and market trends in both Seattle and nearby cities. The data provides valuable insights for investors, homeowners, and real estate professionals.
Washington Foreclosure Laws
Information on foreclosure financing, refinancing, and foreclosure mortgages.
