Spokane South Housing Market Report April 2025•Spokane County, Washington

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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?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Spokane South is a Buyer's Market

Difference Since April 2024

At the same time last year, Spokane South was a Seller's Market.

Insight

Spokane South is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$627,200$233/SqFt
-$72,688
-10.4%

Based on all homes sold in the last 12 months

Insight

Homes in Spokane South have sold for 10.4% less than they did a year ago.

Summary: The median home sold price in Spokane South was $627,200 in April 2025, down 10.4% from last year, and the median price per square foot was $233.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Cheney-Medical Lake
+3.8%
Spokane
+3.5%
Spokane South
-10.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1-$239.9K
N/A
2$354.9K$423.9K
+19.5%
3$602.4K$525K
-12.9%
4$670K$615K
-8.2%
5$817.5K$879K
+7.5%

Summary: Spokane South housing price by bedroom type for April 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 +19.5%. The home price for 3 bedroom homes decreased by -12.9%. The home price for 4 bedroom homes decreased by -8.2%. The home price for 5 bedroom homes increased by +7.5%.

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

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
78Last MonthApr 2025
542 months agoMar 2025
+44.4 %
Change MoMMar – Apr

Summary: The Spokane South real estate market had 78 homes for sale in Apr 2025, a 44.4 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthApr 2025
42 months agoMar 2025
+125.0 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
101
+100.0%
212
+100.0%
3917
+88.9%
42835
+25.0%
51623
+43.8%

Summary: Spokane South housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +100.0%. The inventory for 3 bedroom homes increased by +88.9%. The inventory for 4 bedroom homes increased by +25.0%. The inventory for 5 bedroom homes increased by +43.8%.

Asking Price vs. Sold Price

How much do homes in Spokane South, WA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price2 Homes

At Asking Price3 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Spokane South, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Spokane South in April 2025, up by 125.0% month-over-month. Of the 9 sold homes, 44% were sold under asking, 33% 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 Days6 Homes

30 – 90 Days1 Home

Over 90 Days2 Homes

Insight

Many homes in Spokane South are selling fast, if you're buying plan to act quickly.

Summary: During April 2025, 9 homes were sold in Spokane South; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
35 DaysThis YearApr 2025
36 Days1 year agoApr 2024
-2.2 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Spokane South had an average listing age of 35 days in Apr 2025, down by 2.2% compared to the previous year.

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Newest Listings in Spokane South, WA

What homes are available in Spokane South, WA?

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Nearby markets

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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 05/01/2023 - 05/01/2025

IDX 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.

Broker Reciprocity 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: 5/15/2025, 1:10:27 AM 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: 5/15/2025, 12:50:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.