April 2022
In April 2022, Spokane home prices were up 18.7% compared to last year, selling for a median price of $423,142. On average, homes in Spokane sell after 8 days on the market, down 14.3% from last year in April. There were 519 homes sold in April this year, down from 674 last year.
Average Sales Price
Current Listing Inventory
Average Days On Market
$458,603
362
8
Up 16.2%
Up 35.1%
Up 14.3%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$423,142
519
1,895
Up 18.7%
Down 20.6%
Down 12.5%
April 2022, as compared to April 2021. Information pulled on 05/01/2022 The information in this report is compiled from a report given by the Spokane Association of REALTORS® and to the best of our knowledge is accurate and current.
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Spokane County Market Report | April 2022
Average Days On Market For the month of April 2022, month/year comparison 80
2018
70
2019
2020
2021
2022
60 50 40 30 20
17
17
14
8
10 0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Annual Average Sales Price Year-to-date as of April $441 $369
$400K $300K $200K
$178
$186
$200
$216
$172
2013
2014
2015
2016
2017
$239
$266
$297
$100K $0K 2018
2019
2020
2021
2022
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
5.50%
5.10%
5.00%
4.67%
4.50% 3.89%
4.00% 3.50%
3.55% 2.98%
3.00%
2.95%
2.98%
2.80%
2.87%
3.01%
3.14%
3.10%
3.11%
Oct '21
Nov '21
De c '21
2.50% Apr '21
May '21 June '21 July '21
Aug '21
Sep '21
Jan '22
Feb '22
Mar '22
Apr '22
Spokane County Market Report | April 2022
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Active Residential Listings As of 5/1/2022, month/year comparison
2018
2019
2020
2021
2022
2000 1500 1000 500
173
362
268
161
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 5/1/2022
100
2021
2022
80
67
60
47
40 20
$1M+ 12%
82
31
30 16
21 12
7
26
28
10
39
35 23
26
40
44 24
15
56
49
$150-200K 1%
200K-$250K 2% $250K-300K 6% $300K-$350K 5% $350K-$400K 6% $400K-$450K 9%
28 $600K-$800K 18% + $1 M
0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M
Spokane County Market Report | April 2022
$800K-$1M 11%
15
0
4
0-$150K 5%
$500K-$600K 15%
$450K-$500K 10%
Residential Closed Sales For the month of of April 2022, month/year comparison
2018
1000
2019
2020
2021
2022
750 527 500
397
519
328
250 0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Sold Listings By Price Range Year-over-year comparison for the month of April
120 92
90
30
19
28
19
97 68
59
$400K-$450K 13%
2022 93
72 70
81
76 45
$500K-$600K 12%
48 31 27
20
$450K-$500K 12%
$350K-$400K 12%
75 56
51
60 28
2021
101
13 17
$300K-$350K 11%
$600K-$800K 15%
+
$250K-300K 8% 200K-$250K
$1 M
0$1 50 K $1 50 -2 00 20 K 0K -$ 25 0K $2 50 K30 0K $3 00 K$3 50 $3 K 50 K$4 00 $4 K 00 K$4 50 $4 K 50 K$5 00 $5 K 00 K$6 00 $6 K 00 K$8 00 K $8 00 K$1 M
0
3%
$150-200K 3%
0-$150K 3%
$800K-$1M 5%
Annual Residential Sales Year-to-date as of April
2165
2200 1900 1600
2047
2016
1395
1406
2013
2014
1725
1772
1822
2015
2016
2017
1895
1811
1300 1000 2018
2019
2020
2021
2022
Spokane County Market Report | April 2022
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of April
2400
New
Re-Sa le
2000 1600 1200 800
1534
1527
1613
1864
1581
1725
1823
1634
1188
1228
207
178
191
245
209
242
230
322
342
261
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
400 0
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of April
$600K
Re-Sa le
New
$540 $434
$450K
$158
$225
$204
$188
$174
$165
$342
$304
$276
$275
$268
$250
$300K
$376
$374
$425
$357
$282
$250
$150K $0K 2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Average Price Per Square Foot Monthly Re-Sale vs New Construction comparison
$300
Re-Sa le
$260 $220
$227 $188
$232
$216 $199
New
$195
$230
$228 $197
$193
Aug '21
Sep '21
$196
$261
$250
$240 $189
$197
Nov '21
De c '21
$193
$202
$264
$253
$248
$243
$207
$222
$180 $140 $100 May '21
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June '21
July '21
Spokane County Market Report | April 2022
Oct '21
Jan '22
Feb '22
Mar '22
Apr '22
Annual New Construction Sales Year-to-date as of April
300 275
261
255
252
2020
2021
250 225 200 175 175
167 154
150 125 100 2017
2018
2019
2022
Comparison New Construction Sales YTD year-over-year comparison as of April
2021
150
145
2022
140 130 115
120 110 100 90 80
69
70
69
60 50
41
47
41
40 23
30 20 10 0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | April 2022
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