Real Estate Market Update for Spokane, WA
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 14% from one year earlier, and down 12% 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 just under 330-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 24%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 260-thousand dollars. The number of units sold decreased 4% year-over-year, and increased 4% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.
Map Information for Spokane, WA
Area Information for Spokane, WA
  • Population: 215,266
  • Median Age: 34.38 yr
  • Median Commute Time: 17.26 mins
  • Educational Climate*: 4
  • Sales Tax: 8.7%
  • Population Density: 3,633/sq mi
  • Population Change Since 2000: 8.94%
  • Closest Airport: Spokane International
  • Closest College: Bishop White Seminary
  • Closest Jr. College: Spokane Falls Community College
  • Median Household Income: $40,946
  • Annual Residential Turnover: 30.46%
  • Median Years in Residence: 2.36 yr
  • Median Home Sales Price: $130,000
  • Closest Major Sports Team: Seahawks
  • Change Avg. Household Income Since 2000: 25%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Spokane, WA
Median Age: 34.38 Married: 30% Number of Households: 89,011 Households with Children: 25,075
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 GreatSchools Rating Parent Rating
      Shaw Middle School 0.4 mi Public 7-8 1 2
      Bemiss 0.5 mi Public K-6 1 3
      Rogers High School 0.6 mi Public 9-12 1 3
      Regal Elementary School 0.6 mi Public PRESCHOOL-6 1 3
      Gonzaga Preparatory School 0.7 mi Catholic 9-12 0 4
      Longfellow Elementary School 0.7 mi Public K-6 1 3
      Logan Elementary School 1.1 mi Public PRESCHOOL-6 2 3
      Cooper Elementary School 1.2 mi Public K-6 3-5 3
      Garry Middle School 1.4 mi Public 7-8 2 3
      Lidgerwood Elementary School 1.5 mi Public K-6 2 5
      Stevens Elementary School 1.5 mi Public PRESCHOOL-6 1 2
      Arlington Elementary School 1.6 mi Public K-6 2 3
      St. Aloysius Catholic School 1.7 mi Catholic PRESCHOOL-8 0 4
      Willard Elementary School 1.8 mi Public K-6 2-5 3
      Garfield Elementary School 1.9 mi Public PRESCHOOL-6 2 4
      Madison Elementary School 1.9 mi Public K-6 3 4
      North Central High School 2.3 mi Public 9-12 2-5 4
      The Community School 2.6 mi Public 9-12 0 4
      Shadle Park High School 2.6 mi Public 9-12 3-5 3
      Ridgeview Elementary School 2.7 mi Public K-6 2-5 4
      Linwood Elementary School 2.8 mi Public K-6 2 3
      Shiloh Hills Elementary School 2.9 mi Public PRESCHOOL-6 3-5 4
      Audubon Elementary School 3.0 mi Public PRESCHOOL-6 1 4
      Glover Middle School 3.0 mi Public 7-8 2-5 3
      Sheridan Elementary School 3.1 mi Public PRESCHOOL-6 2 3
      St. Charles Catholic School 3.2 mi Catholic PRESCHOOL-8 0 5
      Grant Elementary School 3.2 mi Public K-6 1 3
      St. Thomas More School 3.3 mi Catholic PRESCHOOL-8 0 4
      Finch Elementary School 3.3 mi Public PRESCHOOL-6 3 4
      Lewis & Clark High School 3.3 mi Public 9-12 3-5 4
      Evergreen Elementary School 3.4 mi Public PRESCHOOL-6 3 4
      Salk Middle School 3.5 mi Public 7-8 3 4
      Holmes Elementary School 3.6 mi Public K-6 0 4
      Franklin Elementary School 3.7 mi Public K-6 3-5 4
      Orchard Center Elementary 3.7 mi Public K-5 2 4
      Roosevelt Elementary School 3.8 mi Public K-6 2 4
      Seth Woodard Elementary School 3.9 mi Public K-5 4-5 3
      North Wall Schools 3.9 mi Private PRESCHOOL-6 0 5
      Browne Elementary School 3.9 mi Public PRESCHOOL-6 3 4
      All Sts. Catholic School 3.9 mi Catholic PRESCHOOL-8 0 5
      Orchard Prairie Elementary School 3.9 mi Public K-7 4 5
      Balboa Elementary School 3.9 mi Public K-6 3-5 4
      Westview Elementary School 4.0 mi Public PRESCHOOL-6 2-5 4
      Cataldo Catholic School 4.1 mi Catholic PRESCHOOL-8 0 4
      Lincoln Heights Elementary School 4.2 mi Public PRESCHOOL-6 1 4
      Hutton Elementary School 4.2 mi Public K-6 4-5 4
      Pasadena Park Elementary School 4.2 mi Public K-5 4 4
      West Valley High School 4.2 mi Public 9-12 3 3
      Centennial Middle School 4.3 mi Public 6-8 2-5 3
      Assumption Elementary School 4.3 mi Catholic PRESCHOOL-8 0 4
      Woodland Montessori 4.3 mi Private PRESCHOOL-K 0 4
      Palisades Christian Academy 4.5 mi Private PRESCHOOL-10 0 5
      Cornerstone Christian Academy 4.5 mi Private PRESCHOOL-10 0 4
      Indian Trail Elementary School 4.6 mi Public PRESCHOOL-6 3 4
      Southside Christian School 4.7 mi Private PRESCHOOL-8 0 4
      Spokane Valley High School 4.7 mi Public 9-12 3-5 4
      Wilson Elementary School 4.7 mi Public PRESCHOOL-6 5 4
      Spokane Christian Academy 4.7 mi Private K-8 0 5
      Sacajawea Middle School 4.8 mi Public 7-8 5 3
      Adams Elementary School 5.0 mi Public K-6 3 4
      Ferris High School 5.1 mi Public 9-12 4 3
      Brentwood Elementary School 5.1 mi Public K-6 4 4
      Jefferson Elementary School 5.1 mi Public K-6 3-5 4
      Hamblen Elementary School 5.2 mi Public K-6 4 5
      Chase Middle School 5.3 mi Public 7-8 4 3
      Ness Elementary School 5.3 mi Public K-5 2-5 4
      Mead Senior High School 5.5 mi Public 9-12 4 5
      Mead Alternative High School 5.5 mi Public 9-12 1 5
      St. John Vianney School 5.6 mi Catholic PRESCHOOL-8 0 4
      Farwell Elementary School 5.7 mi Public PRESCHOOL-6 4 5
      Northwood Middle School 5.7 mi Public 7-8 4-5 4
      Westgate Christian School 5.8 mi Private PRESCHOOL-6 0 4
      Woodridge Elementary School 5.9 mi Public K-6 4-5 5
      Saint George's School 6.0 mi Private K-12 0 5
      Spokane Valley Christan School 6.1 mi Private PRESCHOOL-12 0 4
      Broadway Elementary School 6.2 mi Public PRESCHOOL-5 2-5 3
      West Valley City School 6.2 mi Public 9-12 2-5 4
      Cbe Alternative Programs 6.2 mi Public 9-12 1 4
      Great Northern Elementary School 6.4 mi Public K-6 5 4
      Moran Prairie Elementary School 6.5 mi Public K-6 4-5 4
      Trent Elementary School 6.6 mi Public PRESCHOOL-8 1 3
      University Elementary School 6.6 mi Public K-5 3 3
      Mullan Road Elementary School 6.7 mi Public K-6 4-5 4
      North Pines Middle School 6.9 mi Public 6-8 2 4
      Opportunity Elementary School 7.0 mi Public K-5 3-5 4
      Bowdish Middle School 7.1 mi Public 6-8 3-5 3
      The Oaks Academy 7.3 mi Private PRESCHOOL-12 0 5
      Ponderosa Elementary School 7.3 mi Public K-5 3-5 4
      South Pines Elementary School 7.6 mi Public K-5 3-5 5
      Summit School 7.7 mi Public K-8 4-5 4
      Spokane Valley Learning Academy 7.7 mi Public K-12 2-5 4
      Mc Donald Elementary School 7.9 mi Public K-5 3 5
      University High School 8.1 mi Public 9-12 4 4
      Chester Elementary School 8.2 mi Public K-5 4-5 5
      Horizon Middle School 8.3 mi Public 6-8 4 4
      Eastvalley Middle School 8.4 mi Public 7-8 2-5 4
      Windsor Elementary School 8.5 mi Public PRESCHOOL-5 4 5
      St. Mary's Catholic School 8.6 mi Catholic PRESCHOOL-8 0 5
      East Valley High School & Extension 8.8 mi Public 9-12 3 3
      Continuous Curriculum School 9.6 mi Public PRESCHOOL-8 3-5 5
      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: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Spokane, WA
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.