
🏡 HOW IS THE SPOKANE MARKET RIGHT NOW?
Check back every week for fresh updates on Spokane’s housing market — your one-stop page for everything new, local, and relevant in real estate. Whether you’re buying, selling, or just keeping a pulse on the market, you’ll find the latest insights, trends, and forecasts right here.
MONTHLY SPOKANE HOUSING MARKET UPDATE
📅 (Updated February 8, 2026)
As Spokane moves deeper into early 2026, the housing market is showing steady activity with signs of early spring momentum. In January, the market continued to balance between buyers and sellers — prices have largely stabilized compared with last year, and buyers are engaging with increased confidence thanks to slightly lower mortgage rates in the low-6% range. Inventory remains more elevated than the tight markets of recent years, and the number of homes selling near asking price continues to show that well-priced properties are still attracting buyers. On average, homes in Spokane County took around 46–49 days to sell in January, reflecting a slower pace than peak market years but still within a normal range for a balanced market. Overall, demand is present without the urgency of past frenzies, and early 2026 looks positioned for a gradual increase in activity as spring approaches.
Market Overview
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Median Sale Price (January): Approximately $418,000, slightly lower year-over-year but holding within a narrow range, indicating price stability.
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Average Days on Market: Homes averaged about 46–49 days on market, reflecting a slower pace than the most competitive periods but normal for balanced conditions.
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Months of Inventory: Around 3.3 months of inventory, which points to a market that is neither strongly favoring buyers nor sellers.
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Sold-to-List Price Ratio: Sellers are receiving about 96–99% of their list price, showing that pricing strategy and presentation still significantly influence outcomes.
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Inventory & Listings: Listings are building compared with the post-holiday lull, though total inventory is still elevated compared with the tightest years, giving buyers more choice.
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Buyer Behavior: January buyers are active but deliberate, focusing on value, condition, and long-term fit rather than bidding wars or rapid decisions.
Trends and Forecasts
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Early Spring Signals: January’s activity suggests that buyers are returning earlier than in many past years, likely influenced by more stable mortgage rates and a broader selection of homes.
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Balanced Market Dynamics: Neither side holds overwhelming leverage; well-priced, well-prepared homes sell most consistently.
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Negotiation Space: Buyers continue to have room to negotiate price, terms, and closing costs — particularly on properties that have been on the market longer.
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Affordability Considerations: Even with eased rates, buyers are sensitive to total housing costs, pricing levels, and long-term payment stability.
For Buyers
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January typically sets pace for spring — and this year, activity started early, giving thoughtful buyers an edge before the full spring rush.
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Rates in the low-6% range are helping buyers budget with more confidence.
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With more inventory than the tightest market years, you have more homes to choose from — but still act when you see value.
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Well-priced listings continue to garner interest quickly; preparation and readiness are key.
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There’s still room to negotiate, especially on homes that have been on the market for several weeks.
For Sellers
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Pricing correctly from the start is critical — homes that are competitively priced and show well stand out and attract early buyer interest.
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Sellers are seeing strong engagement on properties that are move-in ready and reflect current market expectations.
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Expect more negotiation on price and terms — buyers are selective and mindful of value.
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Early 2026 is shaping up to be a good window for listings as the market warms and buyers re-engage after the holidays.
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Staying flexible and responsive to market feedback helps accelerate sales and reduce days on market.
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🌎 CURIOUS ABOUT THE NATIONAL HOUSING MARKET?
If you want a broader perspective beyond Spokane, explore our National Housing Market Update — an overview that highlights the major trends shaping real estate across the U.S. From shifting mortgage rates to inventory levels and buyer confidence, this report helps you see how Spokane fits into the bigger picture.
OUR LATEST HOUSING MARKET BLOG POSTS
Explore our latest blog posts on the housing market, where we dive into current trends, expert insights, and valuable tips to help you navigate the real estate landscape. Stay informed with timely updates and in-depth analyses tailored to both local and national markets.


