Spokane WA Housing Market Update: Steady prices, slower sales, more negotiation
Spokane, WA – March 1, 2026 – New market data shows steady prices with longer selling times; buyers have more choices as listings rise heading into spring.
In Spokane, Washington, recent market dashboards point to stable pricing but a slower, more negotiable pace than peak years. Across major portals, the common theme is that homes are taking longer to sell, and more listings are showing visible price adjustments.
Top takeaways
- Redfin’s January 2026 snapshot shows a $350K median sale price and about 50 days on market.
- Sales volume softened: 165 homes sold in January (down year over year per Redfin).
- More room to negotiate: Redfin reports a 98.5% sale-to-list ratio and 31.3% of listings with price drops.
- Realtor.com’s December 2025 market summary lists a $420K median home value, 1,376 active listings, and 68 average days on market.
- On the rental side, Realtor.com shows 685 rentals with a $1,650/mo median rent.
Market snapshot
Redfin’s January 2026 figures suggest pricing has held relatively steady while the timeline to sell has stretched to around 50 days. With 165 homes sold in the month, the market’s pace appears softer than a year earlier, which can translate into more back-and-forth on terms—especially when a meaningful share of listings are already showing reductions.
Realtor.com’s December 2025 summary adds context on available supply, listing 1,376 active homes and an average 68 days on market. That longer time on market aligns with the broader “slower but steadier” feel: more options to review, less urgency, and more emphasis on condition and pricing.
Rentals watch
For renters, Realtor.com’s count of 685 rentals points to additional choice on the market. At the same time, the $1,650 monthly median rent indicates costs remain elevated even as selection improves.
What changes are neighbors noticing most: more price cuts, fewer bidding wars, or faster move-in ready sales?