Spokane, WA
Balanced's marketSpokane's market is in transition: -0.1% YoY, median DOM 21 days. Selective deals only.
DATA · Zillow Research (via scrape.do) · AS OF APRIL 2026
| Detail | Value | Detail | Value |
|---|---|---|---|
| Median list price | $416,150 | Median sale price | $365,783 |
| Sale-to-list ratio | 0.997 | % sold below list | +48.8% |
| Active inventory | 1,070 | New listings | 402 |
How Spokane has moved.
Spokane sits at a median home value of $400,636 as of the latest Zillow read, essentially flat year-over-year, which historically is the most workable environment for disciplined wholesalers.
The sale-to-list ratio of 0.997 signals a balanced market — neither bid wars nor fire sales dominate. 48.8% of closings land below list, leaving room to negotiate on the right deal but no broad discount across the board.
Rents are workable but not generous. ZORI of $1,478/mo against a $401k median gives a 4.43% gross yield — average for the metro tier, requiring tight underwriting on any hold.
Median days-on-market is running around 21 days against 1,070.333 active listings — that’s a fast-moving market. Speed is the moat; pre-arranged proof of funds and a tight buyers list are the difference between getting under contract and getting outbid.
MDR’s composite investor score for Spokane is 46/100 based on rent yield, sale-to-list discount, motivated-seller proxies, and DOM. Lower tier this quarter. Watch list, not deploy list — re-evaluate next read.
The same data, five operator lenses.
Lead lists, sourcing channels, and disposition strategies tuned to the local market.
ARV math, rehab scope, and exit timing for the local buyer profile.
Buy-rehab-rent-refi-repeat math tuned to local rents, prices, and DSCR.
Buy-and-hold rental analysis tuned to local rents, taxes, and tenant mix.
Subject-to, seller financing, wraps, and lease-options sized for the local market.
Spokane for investors.
Is Spokane a good market for real estate investors in 2026?
Metro Deal Report's composite investor score for Spokane is 46/100, based on rent yield, sale-to-list ratio, motivated-seller proxies, and days on market. Spokane is a lower-tier market right now. Watch list, not deploy list, until the numbers shift.
What is the median home price in Spokane?
The typical home value in Spokane as of the most recent Zillow read is $400,636. Median list price is $416,150 and median sale price is $365,783. Year-over-year change: -0.1%.
What can a landlord expect to rent a property for in Spokane?
Zillow's Observed Rent Index for Spokane is $1,478/mo. Against the typical home value of $401k, that produces a gross annual rent yield of 4.43% — right at the national baseline, requiring tight underwriting on holds.
Is Spokane a buyer's or seller's market?
Spokane's current sale-to-list ratio is 0.997 with 48.8% of homes closing below list. That's a balanced market — neither side dominates. Median days on market: 21 days. Active inventory: 1,070 listings.
Which investment strategy works best in Spokane?
Spokane's data favors a mixed approach — no single strategy dominates, so selective deal sourcing wins. See the per-strategy breakdowns at /wholesaling/spokane, /brrrr/spokane, and /flipping/spokane.
Loan options for Spokane properties.
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