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Balboa (South Indian Trail) Five Mile (Prarie) Five Mile Prairie Lidgerwood (Nevada) North Indian Trail Northwest

SPOKANE, WA 99208

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

Neighborhoods in ZIP 99208

Balboa (South Indian Trail) · Five Mile (Prarie) · Five Mile Prairie · Lidgerwood (Nevada) · North Indian Trail · Northwest

Market Analysis

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

The SPOKANE, WA real estate market (99208) currently shows 200 active listings, with 71 pending sales. Homes are averaging 36 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 selling faster, averaging 36 days on market compared to 37 days last year.

The median listing price has fallen 1.6% year-over-year, from $550,000 to $541,150.

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: 58,172  ·  Density: 460.9/mi²  ·  Median household income: $77,241

Typical home value: $374,770  ·  Homeownership: 65.4%

Market Overview

Active Listings
200
⇧ 7.5% vs 186 last year
Pending
71
36% pending ratio
Median Price
$541,150
⇩ 1.6% vs $550,000 last year
Average Price
$673,242
⇧ 2.1% vs $659,146 last year
Days on Market
36
⇩ 2.7% vs 37 days last year

Price Per Square Foot

Median $/sqft
$222
⇧ 1.4% vs $219/sqft last year
Median Home Size
2,524 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 200 this year vs 186 last year
  • Days on market: 36 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $541,150 (-1.6% YoY)
  • Average: $673,242 (+2.1% 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 16.7 miles — 946 listings ($498,867,045 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
99208Spokane, WA 992080.0 mi180$111,688,740$539,900$620,493
99205Spokane, WA 992055.9 mi157$53,171,347$333,000$338,671
99207Spokane, WA 992077.1 mi113$34,023,057$298,000$301,089
99201Spokane, WA 992018.2 mi38$17,544,258$380,000$461,691
99202Spokane, WA 992029.4 mi60$22,689,060$327,500$378,151
99224Spokane, WA 992249.8 mi96$66,375,936$499,000$691,416
99203Spokane, WA 9920310.8 mi61$49,353,636$612,500$809,076
99006Deer Park, WA 9900612.1 mi87$53,067,303$505,850$609,969
99021Mead, WA 9902113.6 mi21$12,751,746$549,500$607,226
99206Spokane, WA 9920614.3 mi113$61,500,137$459,000$544,249
99034Tumtum, WA 9903415.7 mi1$524,925$524,925$524,925
99027Otis Orchards, WA 9902716.2 mi12$11,454,000$734,950$954,500
99110Clayton, WA 9911016.7 mi7$4,722,900$479,000$674,700

Frequently Asked Questions

How many homes are for sale in SPOKANE, WA 99208?

As of February 2026, there are 200 active listings in SPOKANE, WA (zip code 99208), compared to 186 the prior year.

What is the median home price in SPOKANE, WA 99208?

The median listing price in SPOKANE, WA 99208 is $541,150 as of February 2026, a 1.6% decrease from $550,000 the prior year.

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

Homes in SPOKANE, WA 99208 spend an average of 36 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in SPOKANE, WA 99208?

Based on current inventory and days-on-market data as of February 2026, SPOKANE, WA 99208 is currently a Balanced Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are selling faster, averaging 36 days on market compared to 37 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 99208 save an estimated $10,823 compared to a typical 5% commission on the median listing price of $541,150. 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.