Are Spokane Homes Selling Fast in 2025?
- Nick Briggs
- Apr 3
- 5 min read
As a local Spokane realtor deeply embedded in the community, I’m always tracking the pulse of our housing market. If you’ve been wondering, “Are Spokane homes selling fast in 2025?” — the answer lies in the latest data. The market is showing signs of vitality with a spring surge in activity, increased listings, and stronger buyer competition. Whether you're buying or selling, understanding these trends will empower your decisions. My mission is to educate you, not just sell you a service — but when you're ready, I’d be honored to represent you as your Spokane realtor.
Current Market Snapshot
Homes for Sale Surging
As of March 2025, the number of homes for sale in Spokane has increased to 982 units — up 10.1% from February and a notable 26.4% higher than March 2024. This expansion in inventory gives buyers a broader selection than they had a year ago, improving the odds of finding a home that matches their criteria.
Homes Sold – Momentum Building
In March, 452 homes were sold in Spokane, reflecting a 16.5% increase from February. While this number is still 8.3% lower than the same month last year, it suggests a market gaining traction. This uptick points to strong seasonal momentum, a welcome sign for both buyers and sellers.
Pending Sales Soar
Perhaps the most striking data point is the spike in pending sales. March saw 646 homes go under contract, a 41.4% increase over February and a 23% gain from March 2024. This dramatic rise indicates heightened buyer activity and signals a wave of closings to come.
How Fast Are Homes Selling in Spokane?
Average Days on Market Trends
Homes in Spokane are currently averaging 34 days on the market, a 19% decrease from February. Although slightly higher than March 2024’s average of 32 days, the trend shows homes are still moving quickly — often within a month of listing.
Inventory Tightness Keeps Pressure On
With only 2.2 months of inventory available, Spokane remains firmly in a seller’s market. While that’s a 38.1% increase compared to last year, it still reflects tight supply. For buyers, this means competition remains stiff. For sellers, it's a sign that demand remains robust.
Buyer Demand vs. Market Supply
The dynamic between increased listings and rising buyer activity is creating an active, fast-moving market. Homes are selling faster due to this competition, with many properties receiving multiple offers. This trend highlights the importance of being well-prepared whether you’re buying or selling.
Home Prices and Value Appreciation
Price Per Square Foot on the Rise
The average price per square foot in Spokane has risen to $216, up from $212 in February. That’s a steady 2.4% increase from March 2024, showing that home values are appreciating at a healthy and sustainable rate.
Median Sales Price Trends
The median sales price in March reached $427,000. That’s a modest 0.5% rise from February and 2.4% higher year-over-year. These numbers reflect a balanced appreciation, supporting strong seller returns without creating affordability shocks for buyers.
Implications for Sellers
The upward pricing trend, combined with fast market turnover, makes this an ideal time for homeowners to consider listing. A well-priced, well-presented home has a high chance of selling quickly and for top dollar — especially with expert guidance from a local Spokane realtor who understands the market nuances.
What Buyers Need to Know in 2025
More Choices, But Act Quickly
Thanks to the increase in listings, buyers now have more options than they did last year. However, homes are still selling quickly, so it’s essential to act fast when you find the right property. Working with a knowledgeable agent can help you stay ahead of the competition.
Financing and Offer Strategy
In a fast-paced market like Spokane’s, being pre-approved for a mortgage is more than a recommendation — it's a necessity. A strong offer backed by financing, flexible timelines, and minimal contingencies will give you a competitive edge.
What Sellers Should Expect This Spring
Strong Buyer Demand
Spring 2025 is bringing a wave of buyer enthusiasm. Many homes are receiving multiple offers within days of hitting the market. Sellers who prepare their homes effectively — with professional staging and strategic pricing — are well-positioned to benefit.
Listing in a Seller's Market
With inventory still tight and demand strong, now is a smart time to list. As a Spokane-based realtor, I work closely with sellers to time the market strategically, ensuring your home is positioned for maximum exposure and top-dollar offers.
Realtor Perspective: Expert Insight from a Spokane Local
My Mission as Your Realtor in Spokane
I’m more than just a real estate agent — I’m your advocate, educator, and strategic partner. I specialize in Spokane's diverse neighborhoods and make it my mission to ensure clients are confident in every step of the home buying or selling process.
How I Help Buyers and Sellers Navigate 2025
By combining local expertise with data-driven insights, I tailor strategies to your specific goals. Whether you're looking to buy your dream home or sell at peak value, I’m here to make the journey smooth, transparent, and successful.
Are Spokane Homes Selling Fast in 2025?
Yes — Spokane homes are indeed selling fast in 2025. With lower days on market, rising pending sales, and firm pricing trends, the market is vibrant. Buyers need to be proactive and prepared, while sellers can capitalize on high demand. As your Spokane realtor, I’m here to help you make smart, confident moves in this dynamic landscape.
FAQs
Is 2025 a good year to buy a home in Spokane? Yes, with more listings and steady pricing, 2025 presents a solid opportunity for buyers, especially if you act quickly and work with a knowledgeable local agent.
How long do homes stay on the market in Spokane this year? The average days on market in Spokane for March 2025 is 34 days, showing quick turnover and active buyer interest.
Are Spokane home prices going up or down in 2025? Home prices are gradually increasing. March data shows a 2.4% year-over-year rise in both price per square foot and median sales price.
What’s causing the surge in pending home sales? A combination of spring seasonality, improved inventory, and strong buyer demand is driving the surge in pending sales.
Should I sell my Spokane home this spring or wait? Spring 2025 is an excellent time to sell, with high buyer demand and rising prices. Listing now could help you maximize your return in a seller-friendly market.
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About Me
My name is Nick Briggs
Being born and raised in Spokane I grew up knowing what a special place this city is, and it was my dream to help others create a life in this wonderful community by guiding them in real estate. I spent many years in the customer service industry, the experience of listening and communication showed me how much I truly loved helping people. I attended Gonzaga University and earned a Bachelor’s Degree in Business Administration to add to my knowledge of guiding, managing, negotiating, and listening to individuals, helping them achieve their real estate goals. Let me help you achieve yours today!
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