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Introduction: The Road Ahead in 2026 Are you considering buying or selling a home in the Spokane market? If so, you might be wondering what the near future holds. The local market is shifting after several years of momentum. Now is the time to understand what’s coming. In this blog, you’ll learn how inventory, prices, interest rates, and market pace are expected to evolve in the Spokane area. This information will help you make informed decisions about your next move. As a Spokane real estate agent, I’ve guided many buyers and sellers through changing markets. That’s why I created this local housing forecast for 2026. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. Table of Contents Market Overview: Is Spokane a Buyer’s or Seller’s Market in 2026? Inventory Snapshot: What Rising Supply Means for You Price Trends: Where Spokane Home Values Are Headed Interest Rate Forecast: Relief in Sight Days on Market & Buyer Behavior What This Means for Spokane Buyers & Sellers Deeper Local Market Insights FAQs: Spokane Housing Market Forecast Questions Answered Final Thoughts Market Overview: Is Spokane a Buyer’s or Seller’s Market in 2026? As of early 2026, Spokane's market continues to transition from a strong seller's market to a more neutral environment. The latest numbers show approximately 2,151 active listings , up 28.5% year-over-year. With 3.3 months of inventory based on closed sales, we’re still not in full buyer’s market territory—but it’s a clear shift from the tight supply of previous years. In 2026, you can expect fewer bidding wars and more negotiating room. Buyers have more options, while sellers need to be more strategic with pricing and presentation. Inventory Snapshot: What Rising Supply Means for You Inventory has increased significantly. Active listings are up 30.9% YoY . This is crucial for how buyers and sellers will act in 2026. With about 3.3 months of supply, Spokane is firmly in the “neutral” zone, rather than having an extreme seller advantage. However, we are not deep into a buyer’s market yet. The forecast calls for inventory to rise another 5–10% as demand remains healthy. What this means in practice: Buyers: You’ll find more selection and less urgency than in the ultra-competitive years. Sellers: You’ll still find demand, but homes must be market-ready to stand out. We expect inventory to trend slightly higher in 2026, especially in the spring and summer months. That could further moderate price growth. For a deeper dive into inventory data, see my post on: 📌 Spokane Housing Inventory: What the Numbers Mean for You . Price Trends: Where Spokane Home Values Are Headed Here’s a snapshot of current price data: Median sold price: $418,000 , down about 2.3% year-over-year . Average price per square foot: ~$208, down 2.8% from the year prior. The average sold price ($493,000) shows some short-term volatility, including a 0.8% increase compared to the prior month. Looking ahead, the base forecast is for modest appreciation between 0% and 2% over the year, with more pronounced growth possible in desirable neighborhoods with low turnover. Key takeaways: Buyers can expect more stable pricing and less pressure to overbid Sellers should price realistically and highlight condition and location This is not a declining market, but a cooling one For more on value trends over time, check out: 📌 Spokane Home Values: 5-Year Trend & What It Means 📌 Spokane Home Price Forecast: The Next 12 Months . Interest Rate Forecast: Relief in Sight Mortgage rates are a major driver of housing affordability and market activity. The expectation for 2026 is that 30-year fixed rates will average somewhere in the 5.9% to 6.1% range. This is down from the ~7% highs seen in 2023-24. While that isn’t a return to the ultra-low rates of the pandemic era, it does signal more breathing room for buyers and less pressure on sellers. Why this matters: Lower rates help first-time buyers or those re-entering the market. Some homeowners may return (“move-up” or “right-size”) if their financing becomes more manageable. The combination of better rates and higher inventory means buyers will gain modest leverage. See my deeper discussion of rate impacts in: 📌 How Interest Rates Impact Spokane Home Prices . Days on Market & Buyer Behavior The average days on market (DOM) in Spokane recently sits around 46 days . This is up 21.1% from prior years and indicates a moderation in the pace of sales. Expect DOM to hover in the 40–50 day range for most of 2026. Buyers: You will have more time to evaluate homes and make better decisions. Sellers: Speed is no longer the dominant metric—strategic preparation matters more. Pricing, condition, and marketing will all become more important to stand out. For context on speed and competition in recent years, check out: 📌 Are Spokane Homes Selling Fast in 2026? . What This Means for Spokane Buyers & Sellers For Buyers: Expect more choices and better terms Use rate buydowns or adjustable-rate options to manage payments Focus on long-term value—this is a good time for thoughtful purchases For Sellers: The market is still moving, but preparation is key Price competitively and market strategically Be flexible on terms to compete with rising inventory As your trusted Spokane real estate agent, I’m here to guide you through either scenario—whether you’re buying, selling, or just staying informed. Deeper Local Market Insights To deepen your knowledge, I recommend exploring the following cluster posts: 📌 Best Spokane Neighborhoods for Home Price Appreciation 📌 Spokane Real Estate by ZIP Code & Neighborhood: A Local Breakdown 📌 Spokane vs Nearby Cities: Home Prices, Speed & Affordability 📌 Spokane Housing Market: Year-in-Review 📌 How Much Do Homes Cost in Spokane? These resources will provide hyper-local insights that complement this broader 2026 forecast and help you with neighborhood-specific strategies. FAQs: Spokane Housing Market Forecast Questions Answered Is the Spokane housing market going to crash in 2026? No—based on current data and local forecasts, the market is heading toward stability, not collapse. Inventory is rising, prices are seeing modest growth of 0%-3%, and days on market are increasing. None of this signals a crash. What will Spokane home prices look like in 2026? The forecast calls for median sold home-price growth in the 0%-3% range. Given the current median of ~$418,000, that suggests modest appreciation rather than dramatic swings. Will 2026 be a good year to buy a home in Spokane? Yes. More inventory, pricing discipline, and a slightly better rate outlook make it a favorable environment for buyers compared to the tight conditions of recent years. However, affordability still matters, so strategic timing and expert guidance are important. Is Spokane a buyer’s or seller’s market in 2026? It’s a balanced market , leaning slightly toward buyers compared to previous years. With ~3.3 months of inventory and rising supply, buyers have more leverage. However, sellers who price and prepare well will still succeed. How long will it take to sell a home in Spokane in 2026? Average days on market are forecast to fall in the 30–50 day range. This is slower than the lightning pace of the frenzy years, but still reasonable. Sellers should plan for preparation and marketing rather than assuming immediate offers. Final Thoughts In summary, the Spokane housing market in 2026 is shaping up to be steady, well-balanced, and more predictable than the rapid-appreciation era we’ve just experienced. With increased inventory, moderate price growth, and slightly improved financing conditions, both buyers and sellers can find opportunities—provided they act intelligently. If you’re thinking of buying or selling in Spokane next year, I’d love to help you assess your options and build a winning strategy. Reach out today for a free home valuation or a conversation about your goals and how the 2026 market forecast applies to you. About Me My name is Nick Briggs Being born and raised in Spokane, I grew up knowing what a special place this city is. It has always been 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. This education has enhanced my ability to guide, manage, negotiate, and listen to individuals, helping them achieve their real estate goals.

Understanding the Spokane Market Before You Calculate Affordability Before diving into numbers and rules, it’s important to understand the current real estate landscape in Spokane. As of right now , Spokane's housing market remains neutral  — a balanced space between buyers and sellers. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. Median Sold Price : $418,000 Average Sold Price : $464,000 Average Price/Sq Ft : $208 Average Days on Market : 46 days (up 21.1%) Inventory : Up 30.9% year-over-year More listings and stable pricing make this a strategic time for buyers to enter the Spokane real estate market. That’s why the question “ How much house can I afford in Spokane? ” is more relevant than ever. I’m a local Spokane real estate agent, and that’s exactly why I wrote this blog — to give you a clear, Spokane-focused answer. How to Estimate “How Much House Can I Afford in Spokane?” There’s no one-size-fits-all formula. However, several trusted rules can help you estimate your range before talking to a lender: 🔹 Rule #1: The 28/36 Rule Spend no more than 28%  of your gross monthly income on housing costs. Total monthly debts (including mortgage) should not exceed 36%  of your gross income. 🔹 Rule #2: Down Payment Guidelines 20% down offers the best terms, but FHA and conventional loans  allow as little as 3–5% . VA-qualified buyers may buy with 0% down . 🔹 Rule #3: True Monthly Cost Remember to factor in: Property taxes (varies by neighborhood) Homeowners insurance Utilities Maintenance/reserves HOA fees (if applicable) This is not financial advice — please consult a qualified financial advisor for a detailed assessment. Use This Calculator to Estimate How Much House You Can Afford in Spokane 🔗 Mortgage Calculator To get a rough estimate, input: Gross monthly income Monthly debts (car loans, credit cards, etc.) Estimated mortgage interest rate (check out my [mortgage rate trends blog – insert link]) Down payment amount Average annual property taxes (~$3,000–$4,000 for homes in Spokane) Estimated homeowners insurance ($800–$1,200/year) If you’d prefer a guided approach, I can walk you through your affordability over a quick consult. No pressure, just clarity. 📌 Home Loan Options in Spokane Pro Tips to Maximize Home Affordability in Spokane in 2026 If you're stretching your budget, these tips can help make Spokane homes more accessible: 💡 Expand Your Search Radius Consider Spokane Valley or areas like Airway Heights and Deer Park, where median home prices are often lower. 💡 Look for Higher DOM Listings Homes on the market longer than 30–46 days may offer more room for negotiation. 💡 Budget Slightly Under Your Max Leave wiggle room for potential repairs, offers over asking, or moving expenses. 💡 Work with a Trusted Spokane Realtor As your Spokane real estate agent, I can spot price trends and value pockets across neighborhoods you might not discover on your own. 💡 First-Time Buyer Advantage Ask about Spokane-specific down payment assistance or reduced-rate loan programs How Long Does It Take to Buy a Home in Spokane? Here's a typical Spokane homebuying timeline in 2026: Step Estimated Time Get pre-approved 1–3 days Home shopping 1–6 weeks Offer to contract 1–5 days Under contract to close 30–45 days TOTAL ~60 days or less With pre-approval in hand, you can confidently jump on homes as soon as they hit the market. How I Help Spokane Buyers Navigate Affordability With Confidence You’re not just buying a house — you're making a long-term investment in Spokane. As your dedicated Realtor: I’ll help you spot deals and negotiate fair prices I’ll guide you to homes that fit your financial comfort zone I’ll show you hidden opportunities you won’t find on big real estate portals I’ll connect you to trusted Spokane lenders and pros to round out your buying team Let’s simplify this process and get you into a home that fits both your budget  and your vision . Ready to Find Out How Much House You Can Afford in Spokane? We’ve covered affordability rules, calculators, Spokane market stats, and practical tips. Your ideal price range will depend on your income, debts, and how much flexibility you want. Let’s figure out what fits your budget and lifestyle — together. 📞 Contact me today FAQs: How Much House Can I Afford in Spokane? How much house can I afford in Spokane with a $75,000 income? If you follow the 28% rule, you could spend about $1,750/month on housing. With current Spokane interest rates and taxes, that may translate to a home in the $300,000–$350,000  range. This is a general estimate — speak with a lender for a tailored pre-approval. Is Spokane affordable in 2026 for first-time buyers? Yes — thanks to rising inventory and stable prices, Spokane is more buyer-friendly now than it has been in recent years. Entry-level homes are still available in areas like Cheney, West Central, and Hillyard. What’s the average down payment in Spokane? Many buyers are putting down 5–10% . However, FHA, VA, and state programs allow for much lower down payments. Should I wait to buy a home in Spokane or act now? With inventory up and price growth flat, many buyers are choosing to buy in 2026. Whether now is your best time depends on your personal finances and goals. Let’s talk about your options. 📌 Related Blog: How to Buy a House in Spokane 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.

Navigating Spokane’s Home Loan Landscape in 2026 Choosing the right mortgage is one of the biggest decisions Spokane homebuyers will make in 2026. With interest rates, loan limits, and housing market conditions evolving quickly, understanding your options— Conventional, FHA, and VA loans —can help you make a confident and informed decision. As a Spokane real estate agent , I’ve created this guide to help you weigh your choices based on current market trends, lending criteria, and local conditions. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. What Are the Main Home Loan Options in Spokane? Home loan options in Spokane generally fall into three major categories: Conventional loans  – not backed by the government, ideal for buyers with solid credit and larger down payments FHA loans  – backed by the Federal Housing Administration, often used by first-time or lower-credit buyers VA loans  – exclusive to eligible veterans and active military members, backed by the U.S. Department of Veterans Affairs Conventional Loans in Spokane: Who Are They Best For? What Is a Conventional Loan? A conventional loan is a mortgage not insured by the federal government. In Spokane, it’s a go-to for buyers with strong credit (typically 680+)  and the ability to put down at least 5–20% . Pros of Spokane Conventional Loans No private mortgage insurance (PMI) if you put down 20% Flexibility in property types and loan amounts Competitive interest rates for qualified buyers Cons Stricter credit and income qualifications Larger upfront cash needed for down payments 📊 Spokane Insight: As of right now, Spokane's median home price is $418,000 , meaning a 20% down payment would be about $87,800—often achievable for repeat buyers or those with equity to roll over. FHA Loans in Spokane: Lower Barriers to Entry What Is an FHA Loan? FHA loans are government-backed mortgages that allow down payments as low as 3.5%  and are typically more lenient on credit scores. Benefits for Spokane Buyers Easier to qualify if your credit score is below 640 Lower down payment requirements Allows higher debt-to-income ratios Considerations You must pay Mortgage Insurance Premiums (MIP)  regardless of your down payment FHA loan limits  apply, so be sure the home you’re buying is eligible 📊 Spokane Data Tie-in: With the average sold price at $464,000 , some FHA buyers may need to explore homes below this price point  to meet FHA loan limits in Spokane County (check updated FHA caps for 2025). VA Loans in Spokane: A Smart Option for Veterans Who Qualifies? VA loans are available to eligible veterans, active-duty service members, and surviving spouses. Top Benefits Zero down payment  required No PMI  ever Often lower rates than other loan types Flexible debt-to-income guidelines Why Veterans Love VA Loans in Spokane With the average days on market now at 46 days , it’s essential for veterans to get pre-approved and have their Certificate of Eligibility (COE)  ready. Spokane’s healthy absorption rate of 29.9%  shows homes are still moving, albeit more slowly than last year—giving buyers some leverage. Compare Spokane Home Loan Options Side-by-Side (2026) Feature Conventional FHA VA Minimum Down Payment 5–20% 3.5% 0% Credit Score 680+ 580+ Varies Mortgage Insurance PMI (if <20%) MIP None Max Loan Limits Conforming limits FHA county limits No official limit Ideal For Strong financials First-time buyers Military-affiliated Timeline to Apply for a Home Loan in Spokane Meet with a Spokane Realtor (like me!) Get pre-approved  with a reputable lender Understand your budget  based on Spokane’s current housing data Shop for homes —inventory is up 30.9% year-over-year , giving buyers more options Submit offers wisely —homes are selling for 96% of their list price , so strategic negotiation matters Close and move in! 📌 Home Appraisal Process in Spokane How to Choose the Right Loan Type in Spokane Ask yourself: Are you a veteran or eligible military spouse? → VA may be your best bet Is your credit below 640? → FHA may open more doors Do you want to avoid mortgage insurance and have strong finances? → Consider Conventional Tip from a Local Realtor: I help Spokane homebuyers evaluate these decisions every day. Whether it’s understanding FHA loan limits or timing the market just right, I’m here to help you make the smartest move. Call to Action Need help choosing the right home loan option in Spokane? Let’s chat.  As your trusted Spokane Realtor, I’m here to help you confidently navigate every step of your homebuying journey. Contact me today for personalized guidance and local insight. FAQ: Home Loan Options in Spokane What are the best home loan options in Spokane for first-time buyers? FHA loans are often a smart entry point due to low down payment and credit flexibility. Can I qualify for a VA loan in Spokane if I’m a surviving spouse? Yes, surviving spouses may be eligible. Check with a VA lender to verify eligibility. Is it better to go with a Conventional loan in Spokane if I have 20% down? Possibly. With 20% down, you’ll avoid PMI and may access better rates. How does Spokane’s 2026 housing market impact my loan choice? With inventory up 30.9% , buyers have more negotiating room, making it a great time to lock in favorable loan terms before conditions shift again. 📌 Related Blog: How to Buy a House in Spokane 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.

Understanding how Spokane home values have shifted over the past five years can make all the difference in your real estate decisions today. Whether you’re thinking about selling or simply staying informed, the data tells a clear story. As a Spokane real estate agent, I’m writing this to guide local homeowners through these important market shifts and to show you the Spokane home values trend. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. How Have Spokane Home Values Changed Since 2020? The Spokane housing market has evolved significantly in the past five years: Median Sold Price : Up from $310,000  in 2020 to $418,000  in 2026 — a 34.8% increase . Average Price per Square Foot : Increased from $154 to $208 , a 35% gain . Spokane homes have steadily appreciated, although the rate of increase has started to cool. These numbers reflect strong demand and a stabilizing trend in 2026. What’s Driving the Spokane Home Values Trend in 2026? Several key factors are shaping the Spokane home values trend this year: Housing Inventory Surge : Listings rose from 825 homes in 2020  to 2,151 in 2026 . Buyers have more options, putting downward pressure on aggressive pricing. Market Type : We've shifted from a seller’s market  to a neutral market  in 2026, meaning buyers and sellers are on more equal footing. Buyer Behavior : Cautious optimism defines today’s market. Buyers are more selective, often taking their time before making offers. These dynamics suggest that price appreciation is slowing and declining in some areas — which is key for sellers to understand. Are Spokane Homes Appreciating or Stabilizing in 2025? The latest housing data points to moderate appreciation  in Spokane: Median Price YoY : Down 2.3% Price per Square Foot YoY : Down 2.8% Monthly Trend : Holding steady with a 1% increase  from the previous month We’re in a neutral price trend  — meaning prices aren't climbing rapidly, but they’re not falling either. This makes timing, preparation, and pricing strategy essential when listing. How Long Are Homes Taking to Sell in 2026? Days on market (DOM) has nearly doubled compared to 2020: 2020 : Homes sold in just 17 days 2026 : Average DOM is now 46 days , up 170.59% And the original list-to-sale price ratio  has dropped from 101% to 96% , meaning most sellers aren’t getting over-asking anymore. 🔍 Seller Tip: 3 Smart Pricing Moves in a Neutral Market Price based on comparable sold homes, not active listings Don’t overprice expecting bidding wars Use data to justify price during appraisal and negotiations What This Means for Spokane Homeowners in 2026 If you’ve owned your home since 2020 or earlier, your property has likely gained slightly significant value. However, selling now  requires: Setting realistic expectations Allowing for longer days on market Pricing strategically to attract attention in a neutral market I work with Spokane homeowners every day to craft listing plans based on actual local trends — not national headlines. Why Work With a Local Spokane Real Estate Agent? Spokane’s housing trends are hyperlocal  — and they don’t always align with national patterns. Working with an agent who: Understands your neighborhood’s pricing shifts Knows how to attract today’s buyer Can create a data-backed listing strategy …is key to maximizing your sale. Let’s talk about how to apply Spokane’s market data to your specific home. Contact Me Spokane Real Estate Tip: Use These Stats in Your Seller Plan When planning your 2026 listing strategy, keep these Spokane-specific numbers handy: Median Sold Price : $418,000 Inventory : 2,151 active listings Average $/Sq Ft : $208 Average DOM : 46 days Market Type : Neutral Use this data to: Choose the best time to list (avoid over-saturated weeks) Price competitively to reduce time on market Stage and market to appeal to 2025 buyer trends Final Thoughts: What’s Next for Spokane Home Values? Spokane is no longer in a fast-rising seller’s market. The current neutral trend means consistency, not volatility , is the story of 2026. While rapid appreciation may be behind us, smart sellers who understand today’s market can still succeed. Want to talk strategy? Let’s make a plan tailored to your Spokane home. 📌 Closing Costs When Selling a House in Spokane: What Sellers Pay FAQs About the Spokane Home Values Trend What is the current Spokane home values trend in 2026? The market is showing signs of stabilization, with moderate YoY growth. Median prices are up to $418,000, and the average price per square foot is $208 — both slight decreases from last year, yet not consistent depreciation. How does the 2026 Spokane market compare to 5 years ago? Inventory is up dramatically, while homes are taking longer to sell. Price growth has slowed, marking a shift from a strong seller’s market to a neutral one. Is 2026 a good time to sell my home in Spokane? Yes — if your pricing and presentation are strategic. Buyers have more choices, so a well-positioned listing stands out in a competitive field. What should I know before listing my Spokane home in 2026? Expect 40+ days on the market, price competitively from day one, and work with a Spokane real estate agent who knows how to use local trends to your advantage. 📌 Related Blog: Spokane Housing Market Forecast 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.

Understanding Spokane Housing Inventory in 2026 The term “housing inventory” refers to the number of active listings available at a given time in a specific market. In Spokane, inventory is a key metric that helps homeowners and buyers understand whether we’re in a buyer’s market, seller’s market, or something in between. As of the most recent data, Spokane County had a housing inventory of around 2,151 active listings. These figures represent a noticeable increase year-over-year, meaning more homes are available compared to the same time last year. So, what does this shift mean for you? I’m a Spokane real estate agent, and that’s why I’m writing this blog—to break it all down for you with clarity and context. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. Why the Change in Housing Inventory Matters for You What a Low Inventory Means When housing inventory is low, buyers have fewer choices. This can result in quicker sales and multiple offers on well-priced homes, giving sellers an edge. In a low-inventory environment, pricing competitively and preparing your home properly can lead to faster and more profitable sales. What a Rising Inventory Means A rising inventory means more options for buyers—and more competition for sellers. If you’re planning to sell, you may need to rethink your pricing and marketing strategy. If you’re buying, this could be your window to negotiate more favorable terms or find that “just right” property you’ve been waiting for. What the Latest Trends Tell Sellers If you’re a homeowner thinking about selling, here’s how to make sense of the Spokane housing inventory data: Start with the current inventory in your zip code. Narrow down to your home type —inventory for homes in Spokane County rose by 30.9% this year, suggesting more competition in that category. Compare your property’s condition and location  to those currently on the market. Are you in a high-demand or saturated segment? Adjust your listing strategy —homes priced appropriately with strategic staging and expert marketing still move quickly, even in a neutral market. Note: This blog is not financial, legal, or tax advice. Always consult the appropriate professional for those matters. What the Latest Trends Tell Buyers Buyers: the increase in Spokane housing inventory is an opportunity—but only if you move smartly. Here’s how to get ahead: Leverage the rising inventory  to explore more options. You don’t have to settle. Watch months of supply —in Spokane, the average was 3.3 months as of the latest report, putting us in a “neutral” market. Lean on a local expert (me!)  to help identify neighborhoods where supply is loosening up and tailor your strategy accordingly. Local Market Snapshot & Data You Should Know To make informed decisions, here are some key Spokane housing inventory stats: Active Listings (Spokane County):  ~2,151 Median Sale Price (Spokane):  ~$418,000 Median Days on Market:  46 days Each number tells a story. For instance, a longer average “days on market” hints at softening demand or increased competition. By contrast, rising median prices despite higher inventory suggest Spokane remains a desirable place to live. 📌 How Long to Sell a House in Spokane in 2025: Average Time & Tips to Speed It Up. Strategic Actions Based on Inventory Levels If Inventory Is Increasing For Sellers: Enhance curb appeal and home prep. Price competitively from day one. Offer flexible showing times. For Buyers: Take time to compare listings. Use seller motivation to negotiate on price or terms. If Inventory Remains Tight For Sellers: You may have leverage—don’t underprice. Time your listing for maximum exposure. For Buyers: Get pre-approved early. Be ready to act quickly on desirable homes. Conclusion Spokane housing inventory is shifting in 2026—but knowing how to read the numbers empowers you to act strategically. Whether you’re listing your home or looking to buy, market conditions matter—and they’re evolving. As your local Spokane real estate agent, I specialize in breaking down these trends so you can make confident, informed decisions. If you’re wondering what these numbers mean for your neighborhood or next move, let’s talk. Frequently Asked Questions What is the current Spokane housing inventory? As of the most recent update, there are approximately 2,151 active listings in Spokane County. This represents a significant year-over-year increase, giving buyers more options than we’ve seen in the past few years. How does Spokane housing inventory affect home prices in 2026? Generally, more inventory can moderate price growth, while lower inventory puts upward pressure on prices. Spokane’s market is currently neutral, which means home prices are stabilizing and buyers and sellers both have opportunities. Is the Spokane housing inventory increasing or decreasing? Inventory has been increasing. As of now, Spokane County saw a year-over-year inventory jump of 30.9%, signaling a shift toward a more balanced market. How can I use Spokane housing inventory data to plan my next move? If you’re selling, monitor your specific neighborhood’s inventory and adjust your price or timing accordingly. If you’re buying, use the data to identify areas with rising supply and potentially more negotiating power. 📌 Related Blog: Spokane Housing Market Forecast 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.

Homeowners and buyers in Spokane are asking one big question in 2026: “How do interest rates affect home prices in our area?”  With mortgage rates shifting dramatically over the past few years, it's no surprise that people want to understand how these changes translate into real-world impacts on their home’s value or purchasing power. Whether you're preparing to sell, thinking of buying, or simply staying informed, this blog breaks it all down in simple terms. As a dedicated Spokane real estate agent, I’m writing this to help you understand how mortgage interest rates impact local home prices and what that means for your buying or selling strategy. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. Why Interest Rates Affect Home Prices Affordability and Borrowing Power Interest rates directly impact how much buyers can afford. When mortgage rates rise, monthly payments go up—often by hundreds of dollars per month—causing buyers to adjust their price ranges. Buyer Demand and Market Dynamics Higher interest rates often lead to fewer active buyers, cooling demand. When demand drops, sellers may need to reduce their asking prices or offer more concessions to close deals. Spokane Housing Market Trends in 2026 Current Home Prices in Spokane Average Sold Price:  $464,000 Median Sold Price:  $418,000 Average Price Per Square Foot:  $208 (Down 2.8% YOY) Inventory and Days on Market Current Inventory:  Up 30.9% year-over-year Months of Inventory:  3.3 (Neutral Market) Days on Market (DOM):  46 days Sold-to-List Price Ratio:  96% 📌 Spokane Housing Inventory: What the Numbers Mean for You. Mortgage Rates in 2026 As of right now, the average 30-year fixed mortgage rate is approximately 6.19% , up significantly from pandemic-era lows (~2.65%). What Happens When Interest Rates Rise in Spokane? Buyer Pool Shrinks Higher rates reduce the number of buyers who qualify for loans. This aligns with Spokane’s 1.4% month-over-month decline in under-contract listings. Homeowners Delay Selling (“Lock-In Effect”) Many are holding off on selling because they don’t want to give up their locked-in low mortgage rates, limiting housing supply. What Happens When Interest Rates Fall? Surge in Buyer Interest Lower rates typically bring buyers back into the market. More buyers means more competition, and possibly higher prices. Seller Opportunities Falling rates create a window for sellers to attract strong offers. Why the Impact of Interest Rates Isn’t Always Predictable Local Factors Play a Big Role Factors unique to Spokane—such as lifestyle migration and land constraints—shape how rates affect prices. Economic Conditions Can Offset Rate Effects Even with higher rates, strong employment and income growth can keep home prices stable or rising. What Spokane Buyers and Sellers Should Do in 2026 For Buyers Lock in a rate if you expect increases. Factor total monthly costs, not just the home price. Shop now while inventory is up. For Sellers Use neutral market trends to your advantage with accurate pricing. Focus on strong marketing and presentation. Why Work with a Spokane Realtor Navigating the interest rates impact on Spokane home prices requires expert insight.  I provide personalized guidance to help you make confident, strategic moves in any market. FAQ: How Interest Rates Impact Spokane Home Prices How do interest rates impact Spokane home prices in 2026? They affect affordability and demand. Higher rates reduce buyer budgets, while lower rates increase competition and prices. Are rising interest rates causing home prices to drop in Spokane? Not necessarily. Prices have remained neutral overall, but appreciation may slow in the short term. What should Spokane buyers do when mortgage rates increase? Consider locking in your rate early and explore down payment or rate buydown options. Do lower interest rates mean it’s a good time to sell my Spokane home? Yes—more buyers are likely to enter the market, giving you stronger offers and faster closings. Final Thoughts Mortgage rates are one of the most influential—yet misunderstood—factors in real estate pricing. While they do impact buyer behavior and affordability, Spokane’s housing market is driven by multiple forces. As your local Spokane Realtor, I’m here to help you decode those dynamics and make smart, data-driven real estate decisions. 📌 Related Blog: Spokane Housing Market Forecast 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.

Spokane’s Market in 2026: Balanced but Competitive If you’re wondering “are Spokane homes selling fast right now?” , the answer depends on what side of the market you’re on. Based on the most recent housing data from the Spokane MLS, Spokane’s real estate market is neutral  — meaning neither buyers nor sellers hold a strong advantage. While homes aren’t flying off the market at the record pace we saw in past years, they’re selling at a slower rate with moderate competition. I’m writing this breakdown as a Spokane real estate agent  to help local buyers and sellers understand what’s really happening in our market and what it means for your next move. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. 🏠 How Fast Are Homes Selling in Spokane? According to the latest data: Average Days on Market:  46 days (up 21.1%) Months of Inventory:  3.3 months, up 37.9% year-over-year Sold-to-List Price Ratio:  96%, showing sellers are negotiating about 4% off asking Absorption Rate:  29.9%, which still falls within a neutral market range  (between 16.7%–33.3%) So while Spokane homes are taking a little longer to sell than they did during the ultra-competitive years, listings are still moving at a normal rate when priced right and well-presented . 💰 What Are Homes Selling For? Prices in Spokane have shown modest but steady resilience: Average Sold Price:  $464,000 (Down 8.1% from last year) Median Sold Price:  $418,000 (Down 2.3% from last year) Average Price per Sq. Ft.:  $208, down 2.8% year-over-year Even though overall prices dipped slightly compared to the previous month, this signals a healthy correction  rather than a decline. With inventory increasing and buyers having more choices, the market is finding a new balance after several years of sharp growth. 🏡 How Can Homes Sell Faster in Spokane (When Priced Right) In today’s market, Spokane homes that are: Well-priced from the start Professionally marketed with strong photography Move-in ready or updated …are still attracting offers relatively quickly. Buyers are watching closely, but they’re not rushing into overpriced listings — so strategic pricing is everything. 📌 How to Price a House in Spokane: Strategy, Mistakes & Examples 🧭 What a Neutral Market Means for You A “neutral” market (3–6 months of inventory) gives both sides room to negotiate: Sellers : Can still expect solid offers if their home is priced competitively and marketed well. Buyers : Have more inventory to choose from and can take their time without missing out immediately. If you’ve been waiting for the market to cool enough to buy, now’s a great time  — and if you’re selling, you’re still in a strong position  compared to pre-pandemic norms. 🏗️ What’s Next for Spokane Real Estate? Based on six-month trends: The average price trend  remains neutral The median price trend  is also neutral The average for-sale price  is slightly appreciating, meaning sellers are adjusting to meet current buyer demand In other words, Spokane’s housing market is stable — not crashing, not soaring, just leveling out after years of volatility . For long-term homeowners, that’s a sign of sustainability and predictability returning to the market. 👋 Thinking About Buying or Selling in Spokane? Whether you’re trying to buy before prices rise again  or sell before competition increases , having a Realtor who understands local market shifts is key. I help Spokane homeowners and buyers navigate timing, pricing, and negotiation to make the process as smooth and profitable as possible. 👉 Contact me today at NickBriggsRealty.com  for personalized insights on your home’s value or buying opportunities. 🧠 FAQs About Spokane’s 2026 Housing Market Are Spokane homes selling fast right now? Homes are selling steadily, averaging about 46 days on market . While that’s a bit slower than last year, well-priced homes still move quickly, often within the first few weeks. Is it a buyer’s or seller’s market in Spokane? The most recent data shows a neutral market  — meaning conditions are balanced between buyers and sellers. Homes priced right are selling, but buyers also have more options. How much are Spokane homes selling for on average? The average home sells for around $464,000 , with a median price near $418,000 . These figures show stability, not volatility, in the current market. Will Spokane home prices drop in 2026? Current trends show neutral pricing , with neither strong appreciation nor depreciation. Market corrections are possible, but no signs point to a major drop. 📌 Related Blog: Spokane Housing Market Forecast 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!

As Spokane continues to grow in popularity, the real estate market in 2026 reflects both its expanding economic opportunities and lifestyle appeal. Known for its natural beauty, beautiful neighborhoods, and relatively lower cost of living compared to other major cities in Washington, Spokane is attracting a diverse mix of buyers. Whether you're relocating, investing, or searching for your forever home, understanding Spokane's 2026 housing market is essential. As a Spokane real estate agent, I'm writing this guide to help you navigate local market trends and find the best value for your home-buying dollar. The following data is from Spokane County as a whole, as that allows for the most accurate results. Spokane Real Estate Market at a Glance in 2026 The median home price in Spokane in 2026 is approximately $418,000 , showing an 8.9% decrease from last year. The market has stabilized following a surge of buyers moving in during the post-pandemic boom. Inventory levels have improved by 30.9% YoY , but demand remains strong, especially for mid-tier homes and properties in desirable locations. How Much Do Homes Cost in Spokane (2026 Overview) In 2026, the average home price in Spokane varies widely depending on the neighborhood and property type: Condos: $290,000 Single-Family Homes: $418,000 New Construction: $458,000 You can still find homes under $400,000 in desirable areas, but they usually don't stay listed for long. The question "how much do homes cost in Spokane" depends largely on your lifestyle and space preferences. Popular Neighborhoods and Their Price Ranges South Hill: A popular area with older charm, tree-lined streets, and historic homes. Prices range from $400,000 to $700,000. Kendall Yards: A vibrant, urban neighborhood with new condos and townhomes. Expect prices from $500,000 and up. North Spokane: Offers a mix of affordability and space. Average prices hover between $350,000 and $600,000 depending on what you're looking for. Spokane Valley: A mix of old and new, with homes ranging from $350,000 to $700,000 depending on what you're looking for. Cost Per Square Foot in Spokane The average cost per square foot in Spokane is about $208 in 2026, although that varies by location and home condition. Newer homes or those closer to desirable amenities can go up to $280/sq ft, while homes farther out or older may average $190–$210/sq ft. First-Time Buyers: What to Expect If you’re entering the market for the first time, you’ll typically find entry-level homes priced between $350,000 and $400,000. Great starter-home areas include parts of North Spokane, Audubon, and some pockets of Spokane & Spokane Valley. Getting pre-approved for a mortgage is more important than ever, as competition remains high, especially within this price range. Luxury Homes in Spokane: What You Get for $750K+ For buyers with bigger budgets, luxury homes in Spokane offer features like expansive lots, modern design, smart-home integration, and mountain views. These are often found in areas like Manito, Eagle Ridge, Five Mile Prairie, and various pockets around Spokane & Spokane Valley. Some properties include acreage, custom pools, and private gated access. Hidden Costs of Buying a Home in Spokane Beyond the sale price, be prepared for the following costs: Closing Costs: Typically 2–4% of the home price Home Inspections: Around $500–$800 HOA Fees: Vary by community, averaging $100–$250/month P roperty Taxes: Roughly 1.1% of assessed value annually These costs can add up, so budgeting accordingly is essential. Market Trends Influencing Spokane Home Prices in 2026 Key trends impacting local pricing include: Remote Work: Still encouraging out-of-state migration Interest Rates: Slightly higher than the all-time average, but still steady Development Projects: New infrastructure and shopping centers are raising property values in key zones These elements continue to shape the local housing landscape. Comparing Spokane to Other Washington Cities Spokane offers tremendous value compared to Seattle, where average home prices are nearing $900,000. Even compared to cities like Tacoma and Bellevue, Spokane remains affordable with a higher quality-of-life-to-cost ratio. The lower cost of living and lack of state income tax further amplify its appeal. Is Spokane a Good Investment in 2026? Absolutely. Spokane's consistent population growth, job market expansion, and livability make it an attractive place for investors. Homes in desirable neighborhoods or near universities are especially popular in the rental market. Analysts predict continued appreciation over the next five years. How to Find the Best Deals in Spokane To land the best deals, consider: Off-Market Properties: These can often be found through networking or an experienced real estate agent Seasonal Timing: Late fall and winter typically offer better prices Auction Properties: Occasionally listed through county websites or local banks The Buying Process in Spokane Get Pre-Approved Hire a Local Agent (That's Me) Home Search & Tour Make an Offer Inspection & Appraisal Close and Get the Keys! The process usually takes 30–45 days from offer to close. Tips for Out-of-State Buyers If you're relocating, take advantage of: Virtual Showings Digital Contracts Remote Closings Hiring a Spokane-based real estate agent can help you avoid costly mistakes and give you insight into neighborhoods you may not know about. Working with a Spokane Real Estate Agent With market knowledge, negotiation skills, and neighborhood insight, a local agent makes the process smoother and more efficient. As a Spokane real estate agent, I offer personalized support, buying/selling insights, and local expertise to help you find a home that meets both your needs and your budget. Conclusion Spokane remains one of Washington’s most affordable and promising housing markets in 2026. From starter homes to luxury estates, there’s something for every buyer. With prices rising steadily but still accessible, now may be the perfect time to enter the market. If you're wondering how much do homes cost in Spokane, let's talk about your specific goals and how I can help you secure the right home at the right price. FAQs What is the average home price in Spokane in 2026? The average home price in Spokane right now is $464,000, but depends on the location and home type. Which neighborhood in Spokane offers the best value for money? North Spokane and parts of Spokane Valley offer excellent value in 2026. Are home prices in Spokane expected to rise in the next few years? Yes, steady appreciation is expected thanks to demand, economic growth, and livability. What should first-time buyers know about the Spokane market? Prepare for competition, get pre-approved, and work with a local agent to find affordable areas. How do I start the buying process with a Spokane real estate agent? Contact me to begin with a personalized consultation and home search strategy tailored to your needs. Related Blog: Spokane Housing Market 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.

Wondering what to do after an offer is accepted in Spokane?  If you're a home seller, this next phase is where details matter most—getting your home through escrow, inspections, and closing smoothly is critical. This blog will walk you through the step-by-step process Spokane sellers should follow after they accept an offer in 2026. I’m a Spokane real estate agent, and that’s exactly why I’m writing this blog—to help you move forward with confidence. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. What to Do After an Offer Is Accepted in Spokane 1. Review the Purchase and Sale Agreement Carefully Once you accept the offer, you’ll sign a Purchase and Sale Agreement. Be sure to: Confirm the closing date Understand buyer contingencies Verify earnest money termsIf you're unsure, consult your Realtor—this is where I guide my Spokane sellers to avoid surprises. 2. Open Escrow with a Spokane-Based Title Company Escrow is a neutral third party that holds funds and documents while ensuring all parts of the transaction are completed. Spokane escrow periods typically last 30–45 days , depending on the offer. Escrow opens within 1–2 business days  after signing. Choose a Spokane title company that understands our local process. 3. Prepare for the Home Inspection Inspections are common, even in a seller’s market. In 2025’s neutral market , buyers are thorough. Spokane homes are averaging 46 days on market , so a well-prepped home sells faster. Clear access to systems (HVAC, attic, crawlspace) Fix minor issues in advance Tip: Don’t be alarmed by the inspection report—most items are negotiable. 📌 What to Expect in a Home Inspection in Spokane 4. Negotiate Inspection Requests or Repairs Buyers may ask for fixes. Here's what to consider: You can agree, deny, or offer credits (seek legal or negotiation advice as needed). Your Realtor will help you navigate repairs without risking the deal. Documentation is key—always get agreements in writing. 5. Understand the Appraisal Process in Spokane If the buyer has a loan, an appraisal is likely. The current median sold price  is $418,000 , down 5% from the previous month—appraisers are conservative. Prepare your home like you would for a showing Low appraisals may require negotiation, especially in neutral markets 6. Prepare for the Final Walkthrough and Move-Out Buyers do a final walkthrough 24–72 hours before closing. Everything must be in the same (or better) condition Remove all personal items unless agreed upon Hire local Spokane movers or cleaners if needed 7. What to Expect on Closing Day in Spokane On closing day: You’ll sign the deed, disclosures, and closing statement Funds are disbursed through escrow Keys typically transfer once the transaction recordsIn Spokane, the average months of inventory  rose to 3.3 , so prompt and clear communication keeps things on track in a competitive market. Spokane Housing Market Insights (2026) 📊 Key Stats for right now: Inventory up 30.9%  year-over-year → Buyers have more options Median sold price:  $418,000 (Down 2.3% YoY) Days on market:  46 (Up 21.1% YoY) Sold-to-original list price ratio:  96% → Pricing right still matters Absorption rate:  29.9% → Slower market These stats signal a more balanced Spokane market in 2026. Sellers must be strategic with pricing, prep, and post-offer steps to stand out. Why a Spokane Real Estate Agent Is Essential Post-Offer Many sellers think the hard part is over once an offer is accepted—but 70% of the real work happens between offer and close. As your trusted Spokane Realtor, I’ll: Guide you through escrow timelines Help interpret inspection results and appraisal issues Ensure communication stays smooth with the buyer’s agent Coordinate with title and escrow for seamless closing FAQs – What to Do After an Offer Is Accepted in Spokane How long does it take to close after an offer is accepted in Spokane in 2026? Closings typically take 30–45 days , depending on financing, inspection timelines, and the title process. Do I have to fix everything the buyer asks for after the inspection? No. Repairs are negotiable. You can offer credits or say no—but consult your real estate agent for strategy and legal guidance. What happens during escrow in Spokane and who handles it? A local title company oversees escrow. They collect documents, hold funds, and facilitate the closing. Your agent works closely with them. Can I stay in my home after closing? What do sellers need to know? Only if a written rent-back agreement exists. Otherwise, sellers must fully vacate prior to closing. Final Thoughts If you’re selling your Spokane home, knowing what to do after an offer is accepted sets the tone for a smooth, successful close. With escrow timelines, inspection requests, and appraisal hurdles ahead, a clear plan—and a trusted local Realtor—can make all the difference. Ready to sell with expert guidance? Contact me, your Spokane real estate agent, today. 📌 Related Blog: How To Sell a House in Spokane 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.

Pricing your home correctly is one of the most important decisions you’ll make when preparing to sell your property in Spokane. It’s not just about picking a number that “feels right”—it’s about understanding the local market, buyer behavior, and your home’s true value. Many Spokane homeowners ask: “How do I figure out what my house is worth in today’s market?”  I’m a Spokane real estate agent, and that’s exactly why I’m writing this guide—to help you get it right the first time. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. What Factors Impact Home Pricing in Spokane? Before diving into pricing strategy, you need to understand what drives value in Spokane’s 2026 real estate market. Market Conditions: Spokane is currently in a Neutral market , with 3.3 months of inventory—up 37.9% from last year. The absorption rate is 29.9%, trending lower, which suggests a slowdown in buyer demand. Median & Average Sold Prices: Median Sold Price:  $418,000 (Down 2.3% YoY) Average Sold Price:  $464,000 (Down 8.1% YoY) Avg. Price per Sq. Ft.:  $208 Inventory & Buyer Activity: Inventory is up 30.9% YoY, giving buyers more options. Sold price vs. original list price dropped to 96% , showing a softening negotiation edge for sellers. Step-by-Step Strategy: How to Price a House in Spokane If you’re wondering exactly how to price a house in Spokane , follow this proven process: Step 1: Analyze Comparable Sales (Comps) Look at homes similar in size, layout, and features, sold within the last 3–6 months in your neighborhood. Step 2: Evaluate the Market Type In a Neutral market  like Spokane's now, you must price carefully—not too high or low. Pricing is more sensitive when supply and demand are balanced. Step 3: Adjust for Home Features Upgrades, condition, views, lot size—all need to be weighed against comps. Step 4: Use Smart Pricing Psychology Round numbers like $500K may lose traffic to slightly lower search filters like $499K. Use strategic price points that align with buyer searches. Step 5: Consider Price Bands for Exposure Listing at $429,900 rather than $432,000 might capture attention from two search ranges (e.g., $400K–$430K and $425K–$450K). Step 6: Monitor Response Quickly In Spokane’s current market, homes priced right still move. If no activity after 10–14 days, reassess pricing or presentation. 📌 Get a custom pricing analysis from me as your Spokane Realtor Top Pricing Mistakes Spokane Homeowners Make Avoid these common errors that can delay your sale: Overpricing in a Neutral Market: With buyer leverage increasing, inflated prices sit. The average DOM is up 21.1% (now 46 days). Using Zestimates or National Tools: Spokane's micro-markets need hyper-local analysis—Zillow won’t capture that nuance. Ignoring Price Red Flags: If your list-to-sale price ratio dips below 96%, it’s a sign buyers think it’s overpriced. Not Accounting for Inventory Surge: With active listings up 30.9% YoY , your competition just got stiffer. 📌 Realtor VS FSBO in Spokane Real Examples of Spokane Home Pricing Done Right (and Wrong) ✔️ South Hill Success A well-staged 4-bed home listed at $469,900 sold in 6 days , above asking, because it was priced just under the $475K psychological line. ❌ Overpriced North Spokane Rancher Originally listed at $510,000, reduced twice before finally selling at $470,000 after 64 days. 🔥 West Central Bidding War Priced at $289,000 to spark competition, this charming 2-bed home had 10 showings in 3 days  and sold for $312,000. How a Spokane Realtor Helps You Price Smarter Access to Live MLS Data: I track the same metrics agents and appraisers use—not public-facing estimators. Custom Pricing Strategy: I’ll guide you based on your timeline, property type, and neighborhood dynamics. Staging & Presentation Tactics: In a neutral market, staging and photos impact buyer perception of value. Negotiation Setup: The right price attracts better offers and stronger buyer motivation. 📌 Book your Spokane home pricing strategy session today Local Market Snapshot – Spokane, 2026 Metric Value Trend Median Sale Price $418,000 Down 2.3% Avg. Sale Price $464,000 Down 8.1% Avg. Price/Sq. Ft. $208 Down 2.8% Avg. Days on Market 46 Days Up 21.1% Sold/Original List Ratio 96% Up 1.1% Months of Inventory 3.3 Up 37.9% Absorption Rate 29.9% Down 29% FAQs: How to Price a House in Spokane (2026 Edition) How do I know if my Spokane home is overpriced? If you're not getting showings or offers within 2 weeks, or feedback says “priced too high,” it likely needs adjustment. What’s the best time of year to sell in Spokane? Spring remains the strongest, but fall 2026 offers more inventory—just be more competitive with pricing. Should I price high and lower it later if needed? Not recommended. In today’s Spokane market, stale listings lose buyer trust fast. Is the Spokane market slowing down? It’s currently Neutral —still active but less aggressive than 2022–2023. Sellers must price thoughtfully. Conclusion Pricing a home in Spokane takes more than guesswork—it’s a calculated decision that influences how quickly and profitably your home sells. With more inventory and shifting buyer power in 2026, pricing right matters more than ever. As your trusted Spokane real estate agent, I’m here to help you evaluate the data, avoid mistakes, and price with confidence. 📌 Related Blog: How To Sell a House in Spokane 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.

What Are Closing Costs and Why Spokane Buyers Need to Understand Them If you're preparing to buy a home in Spokane, closing costs are one of the most essential—and often overlooked—expenses you’ll need to plan for. These are the fees and charges due at the end of a real estate transaction, and they can significantly affect your final budget. Whether you're buying your first home or your fifth, knowing what you'll pay helps prevent unwelcome surprises. As a Spokane real estate agent , I’m writing this blog to walk you through exactly what buyers pay and how to navigate these costs with confidence. The following market stats are based on Spokane County as a whole, as this provides a better, wider view of our local area. Average Closing Costs When Buying a House in Spokane in 2026 In general, buyers in Spokane can expect to pay between 2% and 5% of the home’s purchase price  in closing costs. Based on Spokane’s median sold price of $418,000 right now , this means buyers should budget approximately $9,480 to $23,700  in total closing fees. These estimates include lender fees, escrow services, title insurance, recording fees, prepaid items like homeowners insurance, and more. 📌 How Much House Can I Afford? Full Breakdown of Buyer Closing Costs in Spokane Here’s a step-by-step look at the most common closing costs Spokane homebuyers face: 1. Loan Origination Fee This fee is charged by the lender for processing your mortgage. It typically ranges from 0.5% to 1% of the loan amount. 2. Appraisal Fee Expect to pay around $500–$700  in Spokane for a home appraisal to confirm the property’s market value. 3. Credit Report Fee Usually a small fee between $30–$60 , this covers the cost of pulling your credit history. 4. Title Insurance (Owner's & Lender’s Policy) Protects both the buyer and lender from disputes over property ownership. The combined cost is often $800–$2,000  depending on the home's value. 5. Escrow Fees Escrow companies in Spokane typically charge $400–$1,200 , and this cost is often split between buyer and seller. 6. Home Inspection Fee   (optional, but highly recommended) Expect to pay $300–$500 . While not required, it’s a wise investment for peace of mind. 7. Recording Fees Spokane County may charge around $100–$200  to record the property deed and other documents. 8. Prepaid Property Taxes and Insurance Lenders often require buyers to prepay a few months’ worth of taxes and homeowners insurance, typically ranging from $1,000–$3,000  depending on the property. When Are Closing Costs Paid, and How Can Buyers Prepare? Buyers receive two important documents during the mortgage process: Loan Estimate:  Issued within 3 business days after applying for a loan. Closing Disclosure:  Received at least 3 days before closing. These documents outline exact costs. Most fees are due at closing , so ensure your funds are readily available. It's wise to start budgeting 2–3 months in advance  of your closing date. How to Reduce Your Closing Costs in Spokane While some fees are fixed, others may be negotiable or reduced by comparison shopping. Here are a few Spokane-specific strategies: Shop for Lenders:  Ask for quotes and compare origination fees. Ask for Seller Concessions:  In Spokane’s neutral market  with an inventory increase of 30.9% year over year , some sellers may be open to covering part of your costs. Choose a Local Title/Escrow Company:  Local service providers often offer competitive rates. Why Work With a Spokane Realtor to Navigate Closing Costs An experienced Spokane real estate agent  (like myself) does more than help you find a home—we guide you through the costs, disclosures, and decisions every step of the way. I’ll connect you with trusted lenders, make sure your estimates are accurate, and help avoid overpaying on closing day. Need help getting started? Contact me today to get a personalized estimate and local recommendations. Tips for 2026 Spokane Buyers to Stay Ahead Tip #1:  Spokane’s Days on Market rose to 46 days , indicating more negotiation power for buyers. Use this to your advantage. Tip #2:  The Sold-to-Original List Price Ratio dropped to 96% , which may give room to negotiate price or costs. Tip #3:  Keep an eye on Spokane’s inventory trends to know when it's time to make your move. FAQs About Closing Costs When Buying a House in Spokane What are the average closing costs when buying a house in Spokane in 2026? Buyers typically pay 2%–5%  of the purchase price, which amounts to $9,480–$23,700  on a $474,000 home. Who pays the closing costs when buying a house in Spokane? Primarily the buyer, but some costs can be negotiated with the seller depending on market conditions. Can I negotiate closing costs when buying a home in Spokane? Yes. In Spokane’s neutral market, buyers may negotiate lender fees or ask sellers to cover part of the costs. How can a Realtor help with Spokane closing costs? Your Realtor ensures you understand all fees, connects you with cost-effective providers, and helps you plan financially. Final Thoughts Understanding closing costs when buying a house in Spokane  ensures you’re financially ready for your big move. By knowing what to expect—and having the right Realtor by your side—you’ll make smarter decisions and avoid last-minute stress. Let’s connect  so I can help you estimate your costs, find the right professionals, and secure the best outcome for your Spokane home purchase. 📌 Related Blog: How to Buy a House in Spokane 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.

The Real Costs of Owning a Home in Spokane in 2026 Owning a home is a milestone worth celebrating, but too often, homeowners in Spokane find themselves caught off guard by the ongoing expenses that go far beyond the mortgage. These hidden costs—especially in 2026’s shifting housing market—can impact everything from your savings to your resale value. As a Spokane real estate agent, I’ve worked with countless buyers who didn’t fully realize the true costs until it was too late. That’s exactly why I’ve written this guide. What Are the Hidden Costs of Owning a Home in Spokane in 2026? Many homeowners enter the market focused on price per square foot or interest rates, but it’s the long-term ownership costs that often hit hardest. These include: Routine & emergency maintenance Annual property taxes Monthly utility bills Seasonal service fees (yard, snow removal, pest control, etc.) In 2026, Spokane’s neutral market is seeing greater inventory—up 30.9% year over year —which gives buyers more choices. But it also means there’s more to inspect, repair, and maintain than ever before. Maintenance: The Unseen Expense Every Spokane Homeowner Should Expect Whether it's Spokane’s cold winters or its warm dry summers, homes here face wear and tear that leads to maintenance bills. Here are some hidden costs of owning a home in Spokane. Spokane 2026 Maintenance Cost Estimates: Roof repairs  (from snow damage or age): $1,200–$3,000 HVAC servicing : $175–$300 per visit Gutter cleaning : $125–$250 bi-annually Yard upkeep : $100–$300 monthly (depending on lot size) 🔧 Tip:  Schedule inspections seasonally and maintain records to support future resale. Property Taxes in Spokane: What You’ll Really Pay in 2026 While I can’t provide tax or legal advice, it’s important to understand that property taxes in Spokane are based on assessed home values—values that have continued to rise steadily. As of right now: Median Sold Price:  $418,000 (Down 2.3 %  YoY) Average Sold Price:  $464,000 (Down 8.1 %  YoY) Higher sale prices can lead to larger property tax bills over time. Budgeting for tax adjustments is essential—especially if your home recently appraised higher than expected. Always consult a tax advisor for specifics. Utilities in Spokane: Monthly Bills That Can Sneak Up on You Spokane homeowners in 2026 are seeing increased costs in nearly every utility category. Energy spikes during winter and summer months especially affect homes with older systems. Average Utility Costs in Spokane (2026): Electricity & Heating (gas or electric):  $200–$350/month (seasonally higher) Water/Sewer/Garbage:  $125–$200/month Internet/Basic Cable:  $90–$150/month 🏡 Homes with poor insulation or outdated HVAC units can pay 30% more on heating/cooling. 💡 Local tip:  Invest in an energy audit or smart thermostat to start lowering bills immediately. How to Budget for the Hidden Costs of Owning a Home in Spokane Planning for these costs isn't just smart—it's essential. Use these Spokane-focused strategies to stay ahead: Create a Homeowner Reserve Fund  – 1–2% of your home’s value/year. Track Seasonal Costs  – Yardwork, snow removal, gutter cleaning, etc. Ask Your Realtor (me!) for Cost Benchmarks  – Based on home age, size & neighborhood. Review Utility Trends Annually  – Adjust your usage or provider when possible. 📉 Note:  Spokane’s average DOM (days on market) increased by 21.1%  this year, reaching 46 days , meaning homes may sit longer before resale if deferred maintenance is evident. FAQs About the Hidden Costs of Owning a Home in Spokane What are the most common hidden costs of owning a home in Spokane? Maintenance (roof, yard, HVAC), property taxes, and higher-than-expected utilities top the list. How much should I budget monthly for Spokane homeowner costs in 2026? A good rule is to reserve 1–2% of your home’s value annually for maintenance and surprises. Are utilities in Spokane more expensive in winter? Yes, heating demands increase sharply between November–March, especially for older homes. Can a Spokane real estate agent help with estimating total homeownership costs? Absolutely. I regularly provide buyers with realistic expense breakdowns tailored to Spokane neighborhoods and property types. Work With a Spokane Realtor Who Knows the Real Costs Hidden costs shouldn’t catch you off guard. As your local real estate expert in Spokane, I’ll guide you through every line item—from utilities and maintenance planning to long-term tax prep—before you buy or sell. In 2026, making informed decisions starts with working alongside someone who knows where costs creep in. Let’s make your next move a smart one. 📌 Common Mistakes Realtors Make 📌 Related Blog: How to Buy a House in Spokane 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.