Is Spokane, WA 99201 a buyer’s or seller’s market?

The Spokane housing market right now

In the three months ending August 31, 2026, 18% of homes in Spokane, WA 99201 sold above their list price, the typical home went under contract in 27 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 46 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold more slowly (23 days then) and the median sale price rose 7% to $354,347. Overall, Spokane is less competitive than a year ago, which gives buyers more room.

Within Spokane County, homes here sell faster than in 69% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, Spokane ranks #186 of 298 WA ZIP codes with enough sales (score 52 out of 100).

Nearby, buyers who want less competition could look at Valleyford 99036 (0% sold over asking) or Mica 99023 (0% sold over asking), while Fairfield 99012 (50% sold over asking) and Airway Heights 99001 (36% sold over asking) are even more competitive.