7 hours on RocketVideo tour
$10,000 Closing Credit¹
#202513124, John Guarisco, Listing Office: RE/MAX of Spokane
Spokane South Housing Market Report February 2025•Spokane County, Washington
Housing Prices in Spokane South, WA
How much do homes in Spokane South, WA cost?
Housing Market Conditions
Is Spokane South, WA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Spokane South is a Seller's Market
Difference Since February 2024
Since last year, Spokane South has remained a Seller's Market.
Insight
Spokane South is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$649,000$231/SqFt
-$21,000
-3.1%
Based on all homes sold in the last 12 months
Insight
Homes in Spokane South have sold for 3.1% less than they did a year ago.
Summary: The median home sold price in Spokane South was $649,000 in February 2025, down 3.1% from last year, and the median price per square foot was $231.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Spokane | $388.9K | $406.5K | +4.5% |
| Cheney-Medical Lake | $400K | $405K | +1.3% |
| Spokane South | $670K | $649K | -3.1% |
| Valleyford | $769.9K | $702.2K | -8.8% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | - | $239.9K | N/A |
| 22 Bedrooms | $354.9K | $495K | +39.5% |
| 33 Bedrooms | $573K | $532.5K | -7.1% |
| 44 Bedrooms | $665K | $615K | -7.5% |
| 55+ Bedrooms | $820K | $875K | +6.7% |
Summary: Spokane South housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +39.5%. The home price for 3 bedroom homes decreased by -7.1%. The home price for 4 bedroom homes decreased by -7.5%. The home price for 5 bedroom homes increased by +6.7%.
How does Spokane South, WA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Spokane South, WA
Housing supply in Spokane South, WA
How many homes are available in Spokane South, WA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 46Last MonthFeb 2025 | ||
| 442 months agoJan 2025 | +4.5 % Change MoMJan – Feb |
Summary: The Spokane South real estate market had 46 homes for sale in Feb 2025, a 4.5 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 9Last MonthFeb 2025 | ||
| 92 months agoJan 2025 | 0.0 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 22 Bedrooms | 2 | 2 | 0.0% |
| 33 Bedrooms | 12 | 13 | +8.3% |
| 11 Bedroom | 0 | 0 | 0.0% |
| 44 Bedrooms | 20 | 20 | 0.0% |
| 55+ Bedrooms | 10 | 11 | +10.0% |
Summary: Spokane South housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +8.3%. The inventory for 1 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +10.0%.
Asking Price vs. Sold Price
How much do homes in Spokane South, WA cost?
Over Asking Price2 Homes
At Asking Price2 Homes
Under Asking Price5 Homes
Insight
If you're buying a home in Spokane South, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Spokane South in February 2025, the same as the previous month. Of the 9 sold homes, 56% were sold under asking, 22% were sold at asking, and and 22% were sold over asking.
Days on Market for Spokane South, WA
How long does it take to sell a home in Spokane South, WA?
Breakdown of Home Sale Times
Under 30 Days3 Homes
30 – 90 Days4 Homes
Over 90 Days2 Homes
Insight
Avg time on Rocket Homes in Spokane South has remained consistent over time.
Summary: During February 2025, 9 homes were sold in Spokane South; 33% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 59 DaysThis YearFeb 2025 | ||
| 65 Days1 year agoFeb 2024 | -9.6 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Spokane South had an average listing age of 59 days in Feb 2025, down by 9.6% compared to the previous year.
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Newest Listings in Spokane South, WA
What homes are available in Spokane South, WA?
2 days on Rocket
$10,000 Closing Credit¹
#202513037, Todd Spencer, Listing Office: Coldwell Banker Tomlinson
2 days on Rocket
#202513012, Wendy Hughes, Listing Office: Amplify Real Estate Services
6 days on Rocket
$10,000 Closing Credit¹
#202512832, Steve Freeman, Listing Office: Keller Williams Spokane - Main
7 days on Rocket
#202512718, Brigette Murphy, Listing Office: Windermere City Group
$8,776 Closing Credit¹
#202512678, Tanya Starkel, Listing Office: REAL Broker LLC
$5,819 Closing Credit¹
#202512661, Brenda McKinley, Listing Office: Windermere Valley
$7,066 Closing Credit¹
#202512581, Sarah Hoiland, Listing Office: eXp Realty, LLC Branch
$10,000 Closing Credit¹
#202512574, Mike Bass, Listing Office: CENTURY 21 Beutler & Associates
$5,166 Closing Credit¹
#202512439, Ryan Stoker, Listing Office: Citibrokers, LLC
$7,326 Closing Credit¹
#202512418, Erica Laucius, Listing Office: Prime Real Estate Group
#202512302, Rebecca Ruark, Listing Office: Windermere Valley
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MLS Disclaimers and Copyright
Based on information from Spokane Association of REALTORS® MLS, and Coeur d'Alene MLS for the period 03/01/2023 - 03/01/2025
Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 6:10:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information displayed on this website on listings other than those of the website owner is displayed with permission of the Coeur d'Alene MLS and Broker/Participants of the Coeur d'Alene MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is from sources deemed reliable but is not guaranteed. Prospective buyers should verify information independently. Copyright © 2025 Coeur d’Alene Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 6:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/13/2025, 6:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.