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Spokane Real Estate Market Report: Average Home Price in October

Nick Briggs, Realtor

Want to move to the Spokane area? Stay informed with the latest real estate market insights for October 2023. In this month’s report, we’ll provide you with the average house price, median home price and the number of homes sold in various neighborhoods across Spokane and its surrounding areas. The data in this report is based off this month’s sold prices. No matter where you live, refer to this article each month to find your local real estate report.

Spokane:

The average home price in Spokane, WA is $455,410, and a significant 2,822 homes have been sold so far this year. The median home price in Spokane, WA is $395,000.

Spokane Valley:

The average home price in Spokane Valley, WA is $427,575, with 703 homes sold to up to this point this year. The median home price in Spokane Valley, WA is $421,245.

Liberty Lake:

The average home price in Liberty Lake, WA is $613,790, and an impressive 256 homes have been sold until now this year. The median home price in Liberty Lake, WA is $500,000.

Cheney:

The average home price in Cheney, WA is $489,587, and a notable 207 homes have been sold so far this year. The median home price in Cheney, WA is $459,995.

Deer Park:

The average home price in Deer Park, WA is $568,932, and a total of 100 homes have been sold thus far this year. The median home price in Deer Park, WA is $525,000.

Greenacres:

The average home price in Greenacres, WA is $668,668, with 78 homes sold to date. The median home price in Greenacres, WA is $636,500.

Medical Lake:

The average house price in Medical Lake, WA is $402,725, and 74 homes have found new owners so far this year. The median house price in Medical Lake, WA is $383,750.

Mead:

The average house price in Mead, WA is $450,667, and 81 homes have been sold in this community thus far. The median house price in Mead, WA is $473,995.

Nine Mile Falls:

The average house price in Nine Mile Falls, WA is $508,738, with 73 home sold so far this year. The median house price in Nine Mile Falls, WA is $500,000.

Colbert:

The average house price in Colbert, WA is $774,040, and 65 homes have changed hands to date. The median house price in Colbert, WA is $580,750.

Veradale:

The average house price in Veradale, WA is $740,950, and 55 homes have been sold up until now in this sought-after area. The median house price in Veradale, WA is $740,950.

Airway Heights:

The average house price in Airway Heights, WA is $340,413, and 52 homes have been sold this year so far. The median house price in Airway Heights, WA is $351,000.

Chattaroy:

The average house price in Chattaroy, WA is $645,980, with 37 homes sold so far this year. The median house price in Chattaroy, WA is $600,000.

Newman Lake:

The average house price in Newman Lake, WA is $722,123, and 27 homes have been sold at this point. The median house price in Newman Lake, WA is $796,370.

Otis-Orchards:

The average house price in Otis Orchards, WA is $795,000, and 25 homes have been sold to date in this picturesque community. The median house price in Otis Orchards, WA is $795,000.

Elk:

The average house price in Elk, WA is $575,000, and 14 homes have been sold thus far in the area this year. The median house price in Elk, WA is $575,000.

Millwood:

The average house price in Millwood, WA is $384,950, and 12 homes have been sold until now in this charming neighborhood. The median house price in Millwood, WA is $384,950.

Spangle:

The average house price in Spangle, WA is $451,000, with 5 homes sold so far this year. The median house price in Spangle, WA is $425,000.

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