Real Estate Market Update for Spokane, WA

Video: Real Estate Community Tour for Spokane, WA

See Real estate community tour for Spokane, WA Spokane, Washington is located on the eastern side of the state, near the Idaho border. Unlike the western side of Washington, which sees a significant amount of rain, Spokane spends two-thirds of the year in the sun. Nearby mountain ranges provide plenty of outdoor activities, such as camping, hiking, hunting, and skiing in the winter at several nearby ski resorts. Within Spokane itself, sites to see include the Riverfront Park area, the John Finch Arboretum, the Northwest Museum of Arts and Culture, and Manito Park and Botanical Gardens. Neighborhoods like Comstock, South Hill, Upper Manito and High Drive are all desirable, family-friendly neighborhoods. And all have easy access to highways that run north-south and east-west through the region. Want to see more about Spokane? Find out and tour the many homes available for sale on Century21.com.
Welcome to April's Market Update. Let’s take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 41% from one year earlier, and down 18% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was 230-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 9%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 180-thousand dollars. The number of units sold increased 5% year-over-year, and increased 48% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Spokane, Washington is located on the eastern side of the state, near the Idaho border. Unlike the western side of Washington, which sees a significant amount of rain, Spokane spends two-thirds of the year in the sun. Nearby mountain ranges provide plenty of outdoor activities, such as camping, hiking, hunting, and skiing in the winter at several nearby ski resorts. Within Spokane itself, sites to see include the Riverfront Park area, the John Finch Arboretum, the Northwest Museum of Arts and Culture, and Manito Park and Botanical Gardens. Neighborhoods like Comstock, South Hill, Upper Manito and High Drive are all desirable, family-friendly neighborhoods. And all have easy access to highways that run north-south and east-west through the region. Want to see more about Spokane? Find out and tour the many homes available for sale on Century21.com.
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Map Information for Spokane, WA
Area Information for Spokane, WA
  • Population: 213,643
  • Median Age: 36.19 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 3
  • Sales Tax: 8%
  • Population Density: 3,092/sq mi
  • Population Change Since 2000: 7.84%
  • Closest Airport: Spokane International
  • Closest College: Bishop White Seminary
  • Closest Jr. College: Spokane Falls Community College
  • Median Household Income: $42,581
  • Annual Residential Turnover: 19%
  • Median Home Sales Price: $135,407
  • Closest Major Sports Team: Spokane Indians (a)
  • Change Avg. Household Income Since 2000: 30.21%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Spokane, WA
Median Age: 36.19 Married: 36% Number of Households: 89,401 Households with Children: 23,442
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Spokane, WA

      School Name Distance Type Grades School Rating Parent Rating
      Shaw Middle School 0.5 mi Public 7-8 1 0
      Bemiss 0.5 mi Public K-6 1 0
      Rogers High School 0.6 mi Public 9-12 1 3
      Regal Elementary School 0.6 mi Public PRESCHOOL-6 1 0
      Gonzaga Preparatory School 0.6 mi Catholic 9-12 0 4
      On Track Academy 0.7 mi Public 9-12 0 0
      Faith Baptist Academy 0.8 mi Private K-12 0 0
      St Patrick Catholic School 0.9 mi Catholic PRESCHOOL-8 0 0
      Whitman Elementary School 1.0 mi Public K-6 1 0
      Logan Elementary School 1.2 mi Public PRESCHOOL-6 1 0
      Cooper Elementary School 1.2 mi Public K-6 2 0
      Garry Middle School 1.4 mi Public 7-8 1 0
      Lidgerwood Elementary School 1.5 mi Public K-6 1 0
      Stevens Elementary School 1.5 mi Public PRESCHOOL-6 1 0
      Arlington Elementary School 1.6 mi Public K-6 2 0
      Willard Elementary School 1.8 mi Public K-6 2 0
      Garfield Elementary School 1.9 mi Public K-6 2 0
      Madison Elementary School 1.9 mi Public K-6 2 0
      North Central High School 2.3 mi Public 9-12 4 3
      A Bright Beginning Learning Center 2.5 mi Private PRESCHOOL-K 0 0
      Trinity Catholic School 2.5 mi Catholic PRESCHOOL-8 0 0
      Shadle Park High School 2.6 mi Public 9-12 2 3
      Ridgeview Elementary School 2.7 mi Public K-5 2 0
      Linwood Elementary School 2.8 mi Public K-6 1 0
      Audubon Elementary School 2.9 mi Public K-6 1 0
      Shiloh Hills Elementary School 2.9 mi Public PRESCHOOL-6 2 0
      Glover Middle School 3.0 mi Public 7-8 1 0
      Sheridan Elementary School 3.1 mi Public PRESCHOOL-6 1 0
      Finch Elementary School 3.3 mi Public PRESCHOOL-6 1 0
      Childrens House Montessori 3.3 mi Private PRESCHOOL-PRESCHOOL 0 0
      Lewis & Clark High School 3.3 mi Public 9-12 2 3
      Evergreen Elementary School 3.4 mi Public K-6 3 0
      Salk Middle School 3.5 mi Public 7-8 2 0
      Holmes Elementary School 3.6 mi Public K-6 1 0
      First Presbyterian Christian School 3.7 mi Private PRESCHOOL-3 0 0
      Franklin Elementary School 3.7 mi Public K-6 4 0
      Spokane Montessori School North 3.7 mi Private PRESCHOOL-K 0 0
      Orchard Center Elementary 3.7 mi Public K-5 2 0
      Roosevelt Elementary School 3.8 mi Public K-6 2 0
      Seth Woodard Elementary School 3.9 mi Public K-5 4 0
      Browne Elementary School 3.9 mi Public PRESCHOOL-6 3 0
      Balboa Elementary School 3.9 mi Public K-6 3 0
      Orchard Prairie Elementary School 3.9 mi Public K-7 4 0
      Westview Elementary School 4.1 mi Public K-6 3 0
      Lincoln Heights Elementary School 4.2 mi Public PRESCHOOL-6 1 0
      Hutton Elementary School 4.2 mi Public K-6 5 0
      Pasadena Park Elementary School 4.2 mi Public K-5 4 0
      West Valley High School 4.2 mi Public 9-12 4 3
      Centennial Middle School 4.3 mi Public 6-8 2 0
      Slavic Christian Academy 4.4 mi Private PRESCHOOL-12 0 0
      Palisades Christian Academy 4.5 mi Private PRESCHOOL-10 0 0
      Millwood Early Childhood Center 4.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      Riverpoint Academy 4.5 mi Public 11-12 0 4
      Indian Trail Elementary School 4.6 mi Public K-6 3 0
      Prairie View Elementary 4.6 mi Public K-6 4 0
      Spokane Valley High School 4.7 mi Public 9-12 4 0
      Spokane Valley Transition School 4.7 mi Public 9-12 0 0
      Wilson Elementary School 4.7 mi Public K-6 5 0
      Sacajawea Middle School 4.8 mi Public 7-8 4 0
      Adams Elementary School 5.0 mi Public K-6 2 0
      Ferris High School 5.1 mi Public 9-12 4 4
      Brentwood Elementary School 5.1 mi Public K-6 4 0
      Jefferson Elementary School 5.1 mi Public K-6 3 0
      Hamblen Elementary School 5.2 mi Public K-6 4 0
      Chase Middle School 5.3 mi Public 7-8 4 0
      Ness Elementary School 5.3 mi Public K-5 2 0
      Mead Senior High School 5.5 mi Public 9-12 4 4
      Mead Alternative High School 5.5 mi Public 9-12 3 0
      Farwell Elementary School 5.7 mi Public K-6 4 0
      Northwood Middle School 5.7 mi Public 7-8 4 0
      Woodridge Elementary School 5.9 mi Public K-6 4 0
      Saint George's School 6.0 mi Private K-12 0 0
      Broadway Elementary School 6.2 mi Public K-5 2 0
      Spokane Valley Tech 6.2 mi Public 9-12 0 0
      West Valley City School 6.2 mi Public 5-8 3 0
      Cbe Alternative Programs 6.2 mi Public 9-12 1 0
      Moran Prairie Elementary School 6.5 mi Public K-6 5 0
      Trent Elementary School 6.6 mi Public PRESCHOOL-6 1 0
      University Elementary School 6.7 mi Public K-5 3 0
      Mullan Road Elementary School 6.7 mi Public K-6 4 0
      North Pines Middle School 6.9 mi Public 6-8 2 0
      Opportunity Elementary School 7.0 mi Public K-5 3 0
      Bowdish Middle School 7.1 mi Public 6-8 1 0
      The Oaks Academy 7.3 mi Private K-12 0 0
      Ponderosa Elementary School 7.3 mi Public K-5 3 0
      Barker Center 7.6 mi Public 9-12 1 0
      South Pines Elementary School 7.6 mi Public K-5 3 0
      Spokane Valley Learning Academy 7.7 mi Public K-12 2 0
      Summit School 7.7 mi Public K-8 4 0
      Mc Donald Elementary School 7.9 mi Public K-5 3 0
      University High School 8.1 mi Public 9-12 2 3
      Chester Elementary School 8.1 mi Public K-5 4 0
      Trentwood Elementary School 8.2 mi Public K-6 1 0
      Horizon Middle School 8.3 mi Public 6-8 4 0
      Valley Montessori School 8.4 mi Private PRESCHOOL-K 0 0
      Eastvalley Middle School 8.4 mi Public 7-8 1 0
      Washington Arts And Technology East 8.5 mi Public K-12 1 0
      Windsor Elementary School 8.5 mi Public PRESCHOOL-5 3 0
      East Valley High School&extension 8.8 mi Public 9-12 3 4
      Continuous Curriculum School 9.6 mi Public K-8 4 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2015. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Spokane, WA
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.