Market report · Week of Sep 28 – Oct 4, 2026 · Washington
Spokane.
98 homes closed in Spokane the week of Sep 28 – Oct 4, 2026, at a median price of $435,000, up 10.0% from the week before.
ZIP codes 99201, 99202, 99203, 99204, 99205, 99207, 99208, 99217, 99218, 99223, 99224
98 homes closed in Spokane the week of Sep 28 – Oct 4, 2026, at a median price of $435,000, up 10.0% from the week before. 1,232 homes are for sale at a median asking price of $435,000, and 365 are under contract.
The week in numbers
What happened this week.
154 new listings came on the market, compared with 94 the week before.
26 homes went under contract (14 the week before).
Sellers cut the price on 131 listings, about 11% of what's for sale.
Homes that closed this week averaged 75 days from listing to closing.
If you're buying
The buyer's read.
With about 11% of listings reducing their price in a single week, there is room to ask questions about price, especially on homes that have been listed a while (the average active listing has been on the market 74 days).
About 23% of homes on the market are under contract, which gives buyers more time to compare and negotiate.
The average 30-year fixed mortgage rate was 7.32% (down from 7.40% the week before), according to Freddie Mac.
If you're selling
The seller's read.
Asking prices ($435,000 median) and closed prices ($435,000 median) are close together, a sign that most homes are priced near what buyers are paying.
The average home for sale has been listed 74 days. Homes that are priced well and show well from the first weekend tend to avoid a price cut later.
The read from here
What to watch.
New listings (154) outpaced new contracts (26) this week, adding to the choice buyers have. If that pattern holds for a few weeks, buyers usually gain leverage.
How these numbers are made
Figures are computed by Belvedere from Spokane REALTORS® MLS listing data for the area shown. Small areas and single weeks can swing with only a few sales. Information is deemed reliable but not guaranteed. Weekly figures cover closings, new listings and new contracts from Monday through Sunday; homes for sale and days listed are as of the report date. Written from the numbers by LJ Kennedy with Belvedere; every figure is calculated, not estimated.
Please note
This report is general market information. It is not legal, tax, financial or appraisal advice, and it is not a prediction of future prices. Every home is different. For a price opinion on a specific home, ask LJ for a comparative market analysis.