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Spokane Housing Market Update - February 2024
Housing Market Conditions
Spokane is currently considered a Seller’s Market due to the low amount of inventory and the fact that the majority of homes are sold at or above the asking price
Neutral
Buyer’s
Seller’s
Under Asking
Asking Price vs Sold Price
At Asking
Over Asking
37%
32%
31%
122 Homes sold for Less Than Asking Price
106 Homes sold at Asking Price
102 Homes sold Over Asking Price
December 2023
January 2024
705
719
Current Number of Homes For Sale
The number of homes currently for sale in Spokane increased slightly over the previous month to 719 homes
January 2024
February 2024
$418,787
$419,557
Average Home Price
The average home price for February 2023 increased slightly compared to the previous month
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Number of Homes Sold
The number of homes sold in February vs January increased by 26%%
January 2024
February 2024
263
330
Number of Days on the Market
The number of days a house was on the Market before selling decreased .5% to 35 days
January 2023
January 2024
36
35