◦ Market Report · August 2026 · Washington

Spokane.

Spokane's median asking price is $435,995 in August 2026, down 3.0% from last month. With 1,907 active listings, inventory edged up 1.5%, and 23% of homes are under contract — a market that has cooled slightly while remaining steadily active.

Computed from the live MLS feedsThe Manna Group

Spokane River and Riverfront Park, downtown Spokane — Photo: Roman Eugeniusz · CC BY-SA 3.0

Median asking price$435,995-3.0% MoM

Median $/sq ft$214-1.8% MoM

Active listings1907+1.5% MoM

Under contract23%

The median asking price in Spokane this month is $435,995, a 3.0% step down from July. The median price per square foot sits at $214, off 1.8% month over month, and the middle band of the market — the 25th to 75th percentile — runs from $327,700 to $635,000. Inventory tells a quieter story. There are 1,907 active residential listings, up a modest 1.5% from last month, with 641 homes newly listed in the past 30 days. About 23% of inventory is under contract, so homes are still moving, just against a slightly larger and slightly softer-priced field.

◦ If you're buying

The buyer's read.

If you're buying in Spokane right now, the numbers lean gently in your favor. The median asking price cooled 3.0% this month and price per square foot eased to $214, while 641 fresh listings in the last 30 days give you real choice across a wide middle band of $327,700 to $635,000. That said, with 23% of inventory pending, well-priced homes are still finding buyers — a softer market is not an empty one, so be ready to act when the right property surfaces.

◦ If you're selling

The seller's read.

If you're selling, this month asks for realistic pricing. The median asking price slipped 3.0% and inventory edged up 1.5% to 1,907 active listings, which means buyers have more to compare against. The encouraging part is that nearly a quarter of inventory — 23% — is under contract, so demand is present. Homes priced in line with the current $214 per square foot median and presented well are the ones drawing that attention.

◦ The read from here

Where it's pointed.

The current momentum is a mild cooling: prices edged down while inventory grew slightly and buyer activity held steady. Whether that pattern continues is not something one month of data can tell us. For now, Spokane looks like a market in gentle rebalance rather than sharp change.

Figures computed 2026-08-01 from live Spokane REALTORS® and Coeur d'Alene MLS feeds — asking prices of active inventory, not closed sales. AI-assisted narrative; all numbers deterministic.

Buying or selling in Spokane? Let's talk numbers.

Shane and the team will pull the parcel-level comps behind these medians.

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