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

hero building illustration for mobile

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 March 2024

At the same time last year, Spokane South was a Neutral 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.
$645,000$232/SqFt
-$25,000
-3.7%

Based on all homes sold in the last 12 months

Insight

Homes in Spokane South have sold for 3.7% less than they did a year ago.

Summary: The median home sold price in Spokane South was $645,000 in March 2025, down 3.7% from last year, and the median price per square foot was $232.

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
Spokane
+3.9%
Cheney-Medical Lake
+2.4%
Spokane South
-3.7%

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.
BedsMar 2024Mar 2025Change YoY
1-$239.9K
N/A
2$354.9K$495K
+39.5%
3$585K$522.5K
-10.7%
4$670K$613.5K
-8.4%
5$807.5K$889.5K
+10.2%

Summary: Spokane South housing price by bedroom type for March 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 -10.7%. The home price for 4 bedroom homes decreased by -8.4%. The home price for 5 bedroom homes increased by +10.2%.

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
58Last MonthMar 2025
412 months agoFeb 2025
+41.5 %
Change MoMFeb – Mar

Summary: The Spokane South real estate market had 58 homes for sale in Mar 2025, a 41.5 % increase compared to Feb 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
4Last MonthMar 2025
92 months agoFeb 2025
-55.6 %
Change MoMFeb – Mar

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.
BedsFeb 2025Mar 2025Change MoM
100
0.0%
222
0.0%
31210
-16.7%
41928
+47.4%
5818
+125.0%

Summary: Spokane South housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes decreased by -16.7%. The inventory for 4 bedroom homes increased by +47.4%. The inventory for 5 bedroom homes increased by +125.0%.

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 Price2 Homes

Under Asking Price0 Home

Insight

If you're buying a home in Spokane South, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 4 homes were sold or pending in Spokane South in March 2025, down by 55.6% month-over-month. Of the 4 sold homes, 0% were sold under asking, 50% were sold at asking, and and 50% 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 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days0 Home

Insight

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

Summary: During March 2025, 4 homes were sold in Spokane South; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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
37 DaysThis YearMar 2025
11 Days1 year agoMar 2024
+228.7 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Spokane South had an average listing age of 37 days in Mar 2025, up by 228.7% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Spokane South, WA

What homes are available in Spokane South, WA?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Washington

MLS Disclaimers and Copyright

Based on information from Spokane Association of REALTORS® MLS, for the period 04/01/2023 - 04/01/2025

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: 4/24/2025, 8:10:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.