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Cannon (Cliff) Cannon Hill (Manito) Comstock Latah Valley Lincoln Heights Moran Prairie Rockwood South Hill

SPOKANE, WA 99203

Real Estate Market Report  ·  Spokane County
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 99203

Cannon (Cliff) · Cannon Hill (Manito) · Comstock · Latah Valley · Lincoln Heights · Moran Prairie · Rockwood · South Hill

Market Analysis

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

The SPOKANE, WA real estate market (99203) currently shows 56 active listings, with 18 pending sales. Homes are averaging 49 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 49 days on market compared to 39 days last year.

The median listing price has risen 2% year-over-year, from $593,000 to $604,925.

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 Context

Market Context

Population: 21,984  ·  Density: 1,826.9/mi²  ·  Median household income: $91,735

Typical home value: $414,608  ·  Homeownership: 76.0%

Market Overview

Active Listings
56
⇩ 18.8% vs 69 last year
Pending
18
32% pending ratio
Median Price
$604,925
⇧ 2% vs $593,000 last year
Average Price
$798,623
⇩ 2.8% vs $821,299 last year
Days on Market
49
⇧ 25.6% vs 39 days last year

Price Per Square Foot

Median $/sqft
$233
⇩ 6.4% vs $249/sqft last year
Median Home Size
2,686 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 69 last year
  • Days on market: 49 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $604,925 (+2% YoY)
  • Average: $798,623 (-2.8% 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 15.2 miles — 741 listings ($412,300,600 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
99203Spokane, WA 992030.0 mi61$49,353,636$612,500$809,076
99202Spokane, WA 992022.2 mi60$22,689,060$327,500$378,151
99207Spokane, WA 992074.2 mi113$34,023,057$298,000$301,089
99212Spokane, WA 992125.0 mi68$34,312,732$439,900$504,599
99224Spokane, WA 992246.3 mi96$66,375,936$499,000$691,416
99001Airway Heights, WA 990018.5 mi23$8,874,343$394,698$385,841
99037Veradale, WA 990379.6 mi57$36,424,425$524,900$639,025
99216Spokane, WA 992169.7 mi58$29,268,134$425,000$504,623
99014Four Lakes, WA 9901410.2 mi1$525,000$525,000$525,000
99016Greenacres, WA 9901612.0 mi107$59,492,642$499,990$556,006
99027Otis Orchards, WA 9902714.0 mi12$11,454,000$734,950$954,500
99031Spangle, WA 9903114.6 mi5$3,399,075$644,450$679,815
99019Liberty Lake, WA 9901915.2 mi80$56,108,560$599,000$701,357

Frequently Asked Questions

How many homes are for sale in SPOKANE, WA 99203?

As of February 2026, there are 56 active listings in SPOKANE, WA (zip code 99203), compared to 69 the prior year.

What is the median home price in SPOKANE, WA 99203?

The median listing price in SPOKANE, WA 99203 is $604,925 as of February 2026, a 2% increase from $593,000 the prior year.

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

Homes in SPOKANE, WA 99203 spend an average of 49 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in SPOKANE, WA 99203?

Based on current inventory and days-on-market data as of February 2026, SPOKANE, WA 99203 is currently a Balanced Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 49 days on market compared to 39 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 99203 save an estimated $12,099 compared to a typical 5% commission on the median listing price of $604,925. 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.