January 2022
In January 2022, Spokane home prices were up 20.3% compared to last year, selling for a median price of $379,000. On average, homes in Spokane sell after 17 days on the market, even with last year. There were 397 homes sold in December this year, down from 442 last year.
Average Sales Price
Current Listing Inventory
Average Days On Market
$411,702
173
17
Up 18.6%
Up 6.1%
Even 0.0%
Median Sales Price
Residential Closed Sales
Annual Residential Sales
$379,000
397
397
Up 20.3%
Down 10.2%
Down 10.2%
January 2022, as compared to January 2021. Information pulled on 02/01/2022 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 January 2022, month/year comparison 80
2018
70
2019
2020
2021
2022
60 50 40 30 20
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 January $412 $400K
$347
$320K $240K
$176
$178
$189
$206
$164
2013
2014
2015
2016
2017
$225
$256
$283
$160K $80K $0K 2018
2019
2020
2021
2022
Monthly Mortgage Rates Monthly 30-year fixed mortgage rates
3.90% 3.70%
3.55%
3.50% 3.18%
3.30% 3.10% 2.90%
2.98%
2.97%
2.95%
2.80%
2.73%
3.14%
3.10%
3.11%
Oct '21
Nov '21
De c '21
3.01%
2.98%
2.87%
2.70% 2.50% Jan '21
Feb '21
Mar '21
Apr '21
May '21 June '21 July '21
Aug '21
Sep '21
Jan '22
Spokane County Market Report | January 2022
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Active Residential Listings As of 2/1/2022, month/year comparison
2018
2019
2020
2021
2022
2000 1500 1000 500
173
0 January
February
March
April
May
June
July
August
September Octobe r November De cember
Active Listings By Price Range As of 2/1/2022
120
2021
$1M+ 12%
2022 $800K-$1M 6%
80 40
19
26
24 13
14
9
16 5
12
17
20
13
12
19
28 18
17
34 17
21
$600K-$800K 22%
$400K-$450K 7%
Spokane County Market Report | January 2022
+ $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
4
200K-$250K 2%
$350K-$400K 5%
31 12
$150-200K 3%
$250K-300K 6% $300K-$350K 6%
58 43
0-$150K 5%
$500K-$600K 16%
$450K-$500K 10%
Residential Closed Sales For the month of of January 2022, month/year comparison
2018
1000
2019
2020
2021
2022
750 500
397
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 January
2021
120
$400K-$450K 11%
$450K-$500K 9%
96
90
49
48 36
41 29
50 34
11
6
$500K-$600K 11%
65 61 38
33
29
83
78
74
60 30
$350K-$400K 18%
2022
48 $300K-$350K 14%
27 8
13
8
6
+
$250K-300K 11%
$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 8%
$150-200K0-$150K 2% 1%
$600K-$800K 11% $800K-$1M 3%
Annual Residential Sales Year-to-date as of January
600 467
500 400 300
252
346
351
2015
2016
378
455
442
366
397
283
200 100 0 2013
2014
2017
2018
2019
2020
2021
2022
Spokane County Market Report | January 2022
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Annual Residential Sales Year-to-date Re-Sale vs New Construction as of January
New
600
Re-Sa le
500 400 300 200 100 0
317
306
330
412
379
387
355
316
206
248
46
35
29
45
48
55
50
76
56
50
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of January
$600K
Re-Sa le
New
$534 $430
$450K
$379
$335
$157
$285
$261
$256
$300K
$210
$195
$176
$169
$151
$280
$276
$351
$395
$335
$269
$237
$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
New
$260 $220 $180
$165
$172
$227
$213
$210
$206
$177
$188
$232
$216 $199
$195
$230
$228 $197
$193
Aug '21
Sep '21
$196
$261
$250
$240
$243
$189
$197
Nov '21
De c '21
$193
$140 $100 Feb '21
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Mar '21
Apr '21
Spokane County Market Report | January 2022
May '21
June '21
July '21
Oct '21
Jan '22
Annual New Construction Sales Year-to-date as of January
100
76 75
56
55 50
50
48
50
25
0 2017
2018
2019
2020
2021
2022
Comparison New Construction Sales YTD year-over-year comparison as of January
40
2021
2022
35 30 25 25
22
20 15
12
13
10 10
8
7 5
5 0 West Pla ins
Spokane South
Spokane Valley
Spokane North
Spokane County Market Report | January 2022
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