ZIP 99216 Housing Market & Real Estate Update (Feb 22, 2026)

ZIP 99216 (Spokane Valley, Spokane County, Washington) continues to look like a market where pricing is holding fairly steady, but buyers still have choices as fresh listings cycle in.

Top takeaways

Zillow’s ZIP-level index shows typical home values around $394K, essentially flat year-over-year (+0.2%) through January 31, 2026.
Redfin’s January 2026 closed-sale snapshot shows a median sale price near $418K, slightly lower than last year (-0.6%), with homes averaging about 33 days on market.
Mortgage rates moved down again: Freddie Mac’s weekly average 30-year fixed rate was 6.01% as of February 19, 2026 (down from 6.09% the prior week).

Market snapshot (last 30 days of published data)

On the inventory side, Zillow reports 60 homes for sale in 99216 and 13 new listings as of January 31, 2026, with a median list price around $415K. Realtor.com and Redfin show slightly different active counts on their search pages (common due to feed timing and what gets counted), but the consistent signal is that 99216 is not flooded with supply.

Sales activity also looks stable: Redfin reports 46 homes sold in January 2026 (up from 40 a year earlier). At the same time, the market is taking longer to clear than last year, with Redfin’s median days on market rising to 33 days. For local sellers, that usually means clean, well-staged homes can still move, but overpricing is more likely to get punished with longer market time.

Rentals and affordability watch

Zillow’s rental trend data for 99216 puts average rent around $1,409 as of January 31, 2026. With mortgage rates still around 6%, the monthly payment gap between renting and buying can remain meaningful, so watch rate movements and consider a lender pre-approval (or refinance plan) before bidding.

What’s for sale nearby (no addresses)

Entry-level single-family: Current portal searches show multiple 3-bedroom homes in the mid-$300Ks range, typically where condition and updates drive days-on-market.
Move-in-ready family homes: Recent listings and examples on Redfin/Realtor include 3–4 bedroom homes in the high-$300Ks to low-$400Ks.
Lots and land: If you’re planning to build, keep an eye on ‘land for sale’ filters on the major portals, since small-lot availability can change quickly.

ServiceXTC local pros (directory check)

We attempted to pull 99216-area home-service pros from ServiceXTC’s directory for common real-estate needs (inspection, repairs, and turn-ready projects), but did not find verified local provider pages in our index during this run. If you’re a local pro serving 99216, getting listed helps homeowners and buyers find you faster.

Sources

Zillow ZIP 99216 Home Values and inventory snapshot
Redfin ZIP 99216 Housing Market trends and ZIP search results
Realtor.com ZIP 99216 overview and active listings
Freddie Mac Primary Mortgage Market Survey (PMMS)

What are you seeing right now in 99216—more price cuts, fewer showings, or homes still going pending quickly when they’re priced right?