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Spokane Market Report – December 2025

Page 1

December 2025


Average Sales Price

Current Listing Inventory

Median Days On Market

$399,000

1,228

27

Down 2.7% from prior month Down 2.2% from prior year

Down 28.4% from prior month Up 19.9% from prior year

Up 12.5% from prior month Up 12.5% from prior year

Median Sales Price

Residential Closed Sales

Annual Residential Closed Sales

$423,991

407

6,051

Down 3.5% from prior month Down 1.8% from prior year

Down 2.6% from prior month Down 4.0% from prior year

Up 1.5% from prior year

Information pulled on 1/5/2026 The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.

Median Days On Market As of 1/5/2026. By month dating from December 2021 to December 2025. Days on Market is the median number of days between when a property is listed and the contract date. 35

31

30

28

30 20

14

15 10

4 3 4 4 4 4 5 5 5

5

7 8 7

20 20

17 16 12

10 4 4 4 4 5

27 24

23

22

25

9

6

20 17 17

14 15

14

20

19

16

12

10

7 6 7 8

19 20 15

12

9

12

21 21

15 14

9

6

10

07

20 25 -

04

20 25 -

01

20 25 -

10

20 25 -

07

20 24 -

04

20 24 -

01

20 24 -

10

20 24 -

07

20 23 -

04

20 23 -

01

20 23 -

10

20 23 -

07

20 22 -

04

20 22 -

01

20 22 -

10

20 22 -

07

20 21 -

04

20 21 -

20 21 -

20 21 -

01

0

Annual Median Sales Price Year-to-date as of December. Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower. $450K $425K

$405

$400

2022

2023

$410

$415

2024

2025

$400K $375K

$360

$350K $325K $300K

$295

$275K 2020

2 2

2021

Spokane Spokane County County Market Market Report Report | December | December 20222025


Months Supply of Inventory As of 1/5/2026. By month dating from December 2021 to December 2025. Months Supply of Inventory is the number of months it would take to sell the available inventory at the current rate. 4.24.2 4.5 3.8 3.7

10

07

20 25 -

04

20 25 -

01

3

2.8 2.5 2.3

20 25 -

10

20 25 -

07

20 24 -

04

20 24 -

01

20 24 -

10

20 24 -

07

20 23 -

04

20 23 -

01

20 23 -

10

20 23 -

07

20 22 -

04

20 20 -

01

20 22 -

10

20 22 -

07

20 21 -

04

20 21 -

20 21 -

20 21 -

01

4.5 4 3.3 3.5 3 2.9 3 2.9 2.9 2.9 2.7 2.62.6 3 2.3 2.3 2.2 2.12.1 2.3 2 2.1 2.2 2 2.2 2.5 2 1.8 1.71.61.8 1.7 1.7 1.7 2 1.5 1.3 1.1 1.5 0.80.8 0.8 0.7 0.60.6 0.6 0.6 1 0.50.40.40.40.40.4 0.40.5 0.5 0.5 0

Sale-to-List Price Ratio As of 1/5/2026. By month dating from December 2021 to December 2025. Sale-to-List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.

100.3% 101.2% 99.8%

07

20 25 -

04

20 25 -

01

20 25 -

10

20 25 -

07

20 24 -

04

98.8% 98.4%

10

99.3% 98.6%

20 24 -

01

98.7%

99.5%

98.7%

20 24 -

07

20 23 -

20 23 -

04

20 23 -

01

20 23 -

10

20 22 -

10

99.1%

98.7%

07

100.0%

99.8%

20 24 -

99.8%

99.4%

20 22 -

04

20 22 -

01

20 22 -

10

20 21 -

07

20 21 -

04

20 21 -

20 21 -

01

105.4% 105.3% 106.0% 105.0% 105.0% 104.0% 103.0% 103.0% 101.4% 102.0%101.2% 101.0% 100.0% 99.0% 98.0%

Monthly Mortgage Rates Monthly 30-year fixed mortgage rates highlighting the week ending Thursday, January 1, 2025. 7.25% 7.00%

6.91%

6.95%

6.89% 6.76%

6.76% 6.65%

6.75%

6.77%

6.72% 6.56%

6.50%

6.30% 6.17%

6.25%

6.23%

6.15%

6.00% De c '24

Jan '25

Feb '25

Mar '25

Apr '25

May '25 June '25 July '25

Aug '25

Sep '25

Oct '25

Nov '25

De c '25

Spokane County Market Report | December 2025

3


Active Residential Listings As of 1/5/2026. By month dating from December 2021 to December 2025. Active Inventory is the number of properties for sales at the end of the month, based on the contract date. 2400 2100 1800 1500 1200 900 600 225 300 0

1997

10

07

20 25 -

04

20 25 -

01

20 25 -

10

20 25 -

07

20 24 -

04

20 24 -

01

20 24 -

20 23 -

10

04

20 23 -

20 24 -

01

10

1228

1133

934

851

703

07

658

20 23 -

07

20 22 -

04

20 22 -

01

20 22 -

10

20 22 -

07

20 21 -

04

224

20 21 -

01

276

566

412

1365

1281

1096

1,014

20 23 -

563

500

20 21 -

20 21 -

1048

1008

1886 1746

Active Listings By Price Range As of 1/5/2026.

2024

95

77 75 78

$250K-300K 8%

99

$300K-$350K 10% $500K-$600K 13%

0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M

26 24

200K-$250K 4%

$600K-$800K 12%

186 166 156 160 152167 141 135 142146 146

58 35 51

$150-200K 2%

+

117

85 74

0-$150K 5%

$1M+ $800K-$1M 7% 5%

2025

$1 M

400 350 300 250 200 150 100 50 0

$450K-$500K 12%

$350K-$400K 11%

$400K-$450K 11%

New Residential Listings As of 1/5/2026. By month dating from December 2021 to December 2025. New Listings is the number of properties listed regardless of current status. 1400 1123 1001

1000

861

789

782

800

911 748

658

600 509

798 643

631

01

981

10

1200

998 824

805

867

776

576 479

517

483

400

4

10

07

20 25 -

20 25 -

04

20 25 -

01

20 25 -

10

20 24 -

07

04

20 24 -

20 24 -

20 24 -

07

20 23 -

20 23 -

04

20 23 -

01

20 23 -

10

07

20 22 -

04

Spokane County Market Report | December 2025

20 22 -

01

20 22 -

10

20 22 -

20 21 -

07

20 21 -

04

20 21 -

20 21 -

01

200


Residential Closed Sales As of 1/5/2026. By month dating from December 2021 to December 2025. Closed Sales is the number of properties sold. 849 732 654

607

604 456

432

444 377

402

486

478

524 449

513 385407

245

01 20 23 20 -04 23 -0 7 20 23 -1 0 20 24 -0 1 20 24 -0 4 20 24 -0 7 20 24 -1 0 20 25 -0 1 20 25 -0 4 20 25 -0 7 20 25 -1 0

10

429

20 23 -

07

20 22 -

04

20 22 -

01

20 22 -

10

20 22 -

07

20 21 -

20 21 -

04

250

20 21 -

20 21 -

01

1000 900 800 700 600 465 500 400 300 200

Sold Listings By Price Range Year-over-year comparison for the month of December.

2025

$350K-$400K 15%

16 22

14 14 19

26 31

67 70 63 69

40

36

$400K-$450K 15%

$450K-$500K 12%

$500K-$600K 8%

56 55 56

47 49 21 19 18

10

+

53 59

$1 M

2024

0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M

160 140 120 100 80 60 40 20 0

$300K-$350K 13%

$600K-$800K 10%

$250K-300K 8% 200K-$250K 5%

$150-200K 3%

0-$150K 5%

$800K-$1M 4%

Annual Residential Closed Sales Year-to-date as of December. Closed Sales is the number of properties sold. 8800 8400

8355

8525

8000 7600 7200

6811

6800 6400 5763

6000

5962

6051

2024

2025

5600 2020

2021

2022

2023

Spokane County Market Report | December 2025

5


Annual Residential Closed Sales Year-to-date Re-Sale vs New Construction as of December. Closed Sales is the number of properties sold. 9000 8000 7000 6000 5000 4000 3000 2000 1000 0

New

Re-Sa le

7263

7129

5873

4804

4826

4952

963

920

767

801

919

898

2020

2021

2022

2023

2024

2025

Annual Median Sales Price Year-to-date Re-Sale vs New Construction as of December. Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower. $520K Re-Sa le

$490

New

$463

$480K $440K $399 $360

$405

$400

$388

$400K

$462

$455

$440

$360

$360K $320K

$287

$280K 2020

2021

2022

2023

2024

2025

Median Price Per Square Foot As of 1/5/2026. Monthly Re-Sale vs New Construction comparison. Price per Square Foot is the mid-point (median) PPSF of all closed listings. $300

Re-Sa le

$275

$259

New

$250 $225 $200

$191

$265

$257

$245

$200

$202

Feb '25

Mar '25

$263

$262

$250

$248 $209

$211

$216

Apr '25

May '25

June '25

$208

$205

July '25

Aug '25

$214

$253

$250

$249

$246

$205

$203

$200

Oct '25

Nov '25

De c '25

$175 $150 Jan '25

6

Spokane County Market Report | December 2025

Sep '25


cbspokane.com The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current. ©Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each ofCce is independently owned and operated. Not intended as a solicitation if your property is already listed by another broker. Information deemed reliable but not guaranteed and should be independently veriCed.


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