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Trentwood

SPOKANE, WA 99216

Real Estate Market Report  ·  Spokane County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
58
⇧ 28.9% vs 45 last year
Pending
17
29% pending ratio
Median Price
$425,000
⇩ 7.9% vs $461,250 last year
Average Price
$504,623
⇧ 0.4% vs $502,643 last year
Days on Market
49
⇧ 6.5% vs 46 days last year

Market Context

Population: 27,302  ·  Density: 740.6/mi²  ·  Median household income: $62,244

Typical home value: $300,998  ·  Homeownership: 47.6%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The SPOKANE, WA real estate market (99216) currently shows 58 active listings, with 17 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 49 days on market compared to 46 days last year.

The median listing price has fallen 7.9% year-over-year, from $461,250 to $425,000.

Whether you are buying or selling in SPOKANE, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 58 this year vs 45 last year
  • Days on market: 49 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $425,000 (-7.9% YoY)
  • Average: $504,623 (+0.4% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.4 miles — 924 listings ($575,436,922 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
99216Spokane, WA 992160.0 mi58$29,268,134$425,000$504,623
99027Otis Orchards, WA 990274.3 mi12$11,454,000$734,950$954,500
99217Spokane, WA 992174.8 mi71$38,811,369$440,000$546,639
99016Greenacres, WA 990165.0 mi107$59,492,642$499,990$556,006
99202Spokane, WA 992028.1 mi60$22,689,060$327,500$378,151
99023Mica, WA 990238.6 mi5$4,081,335$749,900$816,267
99025Newman Lake, WA 990259.3 mi20$18,898,300$799,500$944,915
99204Spokane, WA 9920410.4 mi30$9,504,390$271,950$316,813
99218Spokane, WA 9921810.7 mi38$21,242,190$469,900$559,005
83854Post Falls, ID 8385411.3 mi226$169,179,080$610,250$748,580
99021Mead, WA 9902111.7 mi21$12,751,746$549,500$607,226
99208Spokane, WA 9920813.6 mi180$111,688,740$539,900$620,493
99224Spokane, WA 9922415.4 mi96$66,375,936$499,000$691,416

Frequently Asked Questions

How many homes are for sale in SPOKANE, WA 99216?

As of January 2026, there are 58 active listings in SPOKANE, WA (zip code 99216), compared to 45 the prior year.

What is the median home price in SPOKANE, WA 99216?

The median listing price in SPOKANE, WA 99216 is $425,000 as of January 2026, a 7.9% decrease from $461,250 the prior year.

How long do homes stay on the market in SPOKANE, WA?

Homes in SPOKANE, WA 99216 spend an average of 49 days on the market before going under contract, compared to 46 days the prior year.

Is it a seller's or buyer's market in SPOKANE, WA 99216?

Based on current inventory and days-on-market data as of January 2026, SPOKANE, WA 99216 is currently a Buyer's Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 49 days on market compared to 46 days last year.

How much can I save on real estate commission in SPOKANE, WA?

With SELL123.com's maximum 3% commission, sellers in SPOKANE, WA 99216 save an estimated $8,500 compared to a typical 5% commission on the median listing price of $425,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.