February 2022
In February 2022, Spokane home prices were up 22.7% compared to last year, selling for a median price of $401,250. On average, homes in Spokane sell after 17 days on the market, up 30.8% from last year in February. There were 328 homes sold in February this year, down from 424 last year.
Average Sales Price
Current Listing Inventory
Average Days On Market
$428,483
161
17
Up 20.4%
Up 18.4%
Up 30.8%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$401,250
328
751
Up 22.7%
Down 22.6%
Down 13.3%
February 2022, as compared to February 2021. Information pulled on 03/01/2022 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 | January 2022
Average Days On Market For the month of February 2022, month/year comparison 80
2018
70
2019
2020
2021
2022
60 50 40 30 20
17
17
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 February
$418 $400K
$351
$300K $200K
$170
$170
$183
$193
$205
2013
2014
2015
2016
2017
$229
$259
$284
$100K $0K 2018
2019
2020
2021
2022
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
3.89%
4.00% 3.70%
3.55%
3.40% 3.10%
3.18% 2.98%
2.97%
2.95%
3.01%
2.98% 2.80%
3.14%
3.10%
3.11%
Oct '21
Nov '21
De c '21
2.87%
2.80% 2.50% Feb '21
Mar '21
Apr '21
May '21 June '21 July '21
Aug '21
Sep '21
Jan '22
Feb '22
Spokane County Market Report | February 2022
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Active Residential Listings As of 3/1/2022, month/year comparison
2018
2019
2020
2021
2022
2000 1500 1000 500
173
161
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 3/1/2022
50
2021
$1M+ 12%
2022 38
40
33 21
20 10
14 9
15
15 14
20 15
12
16 17
7
12
14
16
19
$300K-$350K 5%
15 $600K-$800K 16%
8
$350K-$400K 7% $400K-$450K 5%
Spokane County Market Report | February 2022
+ $1 M
0$1 50 K $1 50 -2 00 K 20 0K -$ 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
4
200K-$250K 6% $250K-300K 7%
27 20
17
$150-200K 3%
$800K-$1M 8%
26
30
0-$150K 6%
$500K-$600K 14%
$450K-$500K 11%
Residential Closed Sales For the month of of February 2022, month/year comparison
2018
1000
2019
2020
2021
2022
750 500
397
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 February
2021
120
55
52
60
26
24
30
12 11
$450K-$500K 9%
83
80
90
$400K-$450K 14%
$350K-$400K 14%
2022
62
33
$500K-$600K 12% 54
53 34
41
50 48 33
44 28 7 10
8
4
9
$300K-$350K 14%
+
$250K-300K 9%
$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
200K-$250K $150-200K 7% 2%
0-$150K 3%
$600K-$800K 11% $800K-$1M 3%
Annual Residential Sales Year-to-date as of February
1000 800 600
896
871
549
575
2013
2014
673
681
716
2015
2016
2017
866
769
751
400 200 0 2018
2019
2020
2021
2022
Spokane County Market Report | February 2022
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of February
New
1000
Re-Sa le
800 600 400
598
574
626
745
777
721
658
653
458
498
91
77
75
107
90
94
111
151
156
98
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
200 0
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of February
$600K
Re-Sa le
New
$538 $427
$450K
$374
$341
$153
$280
$270
$258
$300K
$215
$194
$179
$171
$155
$284
$269
$361
$400
$335
$269
$239
$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
$180
$172
$227
$213
$210
$220
$177
New
$188
$232
$216 $199
$195
$230
$228 $197
$193
Aug '21
Sep '21
$196
$261
$250
$240
$248
$243
$189
$197
Nov '21
De c '21
$193
$202
$140 $100 Mar '21
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Apr '21
May '21
Spokane County Market Report | February 2022
June '21
July '21
Oct '21
Jan '22
Feb '22
Annual New Construction Sales Year-to-date as of February
175 156
151 150
125 111 100
98
94
90
75
50
25
0 2017
2018
2019
2020
2021
2022
Comparison New Construction Sales YTD year-over-year comparison as of February
2021
80
2022 72
70 60 50 40 40 29
30 20
31
21
19 14
11
10 0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | February 2022
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