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Trentwood

SPOKANE, WA 99216

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

Market Analysis

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

The SPOKANE, WA real estate market (99216) currently shows 89 active listings, with 34 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 47 days on market compared to 46 days last year.

The median listing price has fallen 1.7% year-over-year, from $432,450 to $424,925.

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Market Context

Market Context

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

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

Market Overview

Active Listings
89
⇧ 18.7% vs 75 last year
Pending
34
38% pending ratio
Median Price
$424,925
⇩ 1.7% vs $432,450 last year
Average Price
$469,355
⇩ 10.4% vs $523,617 last year
Days on Market
47
⇧ 2.2% vs 46 days last year

Price Per Square Foot

Median $/sqft
$214
⇧ 4.9% vs $204/sqft last year
Median Home Size
2,070 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 89 this year vs 75 last year
  • Days on market: 47 now vs 46 last year

Median & Average Pricing

Year over Year
  • Median: $424,925 (-1.7% YoY)
  • Average: $469,355 (-10.4% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 15.4 miles — 975 listings ($608,888,202 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
99216Spokane, WA 992160.0 mi58$29,301,078$422,438$505,191
99027Otis Orchards, WA 990274.3 mi15$11,284,350$705,900$752,290
99217Spokane, WA 992174.8 mi71$35,631,137$413,500$501,847
99016Greenacres, WA 990165.0 mi126$74,608,002$515,199$592,127
99202Spokane, WA 992028.1 mi64$25,021,952$328,500$390,968
99023Mica, WA 990238.6 mi6$4,534,248$592,225$755,708
99025Newman Lake, WA 990259.3 mi20$20,679,800$824,000$1,033,990
99204Spokane, WA 9920410.4 mi31$8,847,896$245,000$285,416
99218Spokane, WA 9921810.7 mi37$20,445,904$464,900$552,592
83854Post Falls, ID 8385411.3 mi216$154,100,448$546,400$713,428
99021Mead, WA 9902111.7 mi24$14,248,872$570,488$593,703
99208Spokane, WA 9920813.6 mi200$134,648,400$541,150$673,242
99224Spokane, WA 9922415.4 mi107$75,536,115$538,743$705,945

Frequently Asked Questions

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

As of September 2026, there are 89 active listings in SPOKANE, WA (zip code 99216), compared to 75 the prior year.

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

The median listing price in SPOKANE, WA 99216 is $424,925 as of September 2026, a 1.7% decrease from $432,450 the prior year.

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

Homes in SPOKANE, WA 99216 spend an average of 47 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 September 2026, SPOKANE, WA 99216 is currently a Buyer's Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 47 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 $8,499 compared to a typical 5% commission on the median listing price of $424,925. 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.