Spokane Real Estate Market Update for November 2025
The Spokane housing market is showing signs of balance as we move into winter. Prices remain stable, inventory is improving and buyers have more room to negotiate than they did in previous years. Here is a clear breakdown of what happened in November based on the latest Spokane REALTORS market data.
Average and Median Home Prices Hold Steady
In November, Spokane saw slight but meaningful price growth:
Average Home Price: $456,221
Median Home Price: $420,344
Both up 0.6 percent from last year
This small increase shows that Spokane’s home values remain strong while avoiding the rapid spikes that made buying difficult in previous seasons.
Stable pricing benefits both sides. Buyers gain affordability while sellers maintain solid equity.
Inventory Is Growing, Giving Buyers More Options
Spokane ended November with 1,344 homes on the market, an improvement over last year’s levels.
This pushed the months of supply to 3.5 months, up from 2.9 months in November of last year.
More inventory means:
Less competition per listing
More choices across neighborhoods
Better conditions for buyers who want to negotiate
Fewer bidding wars compared to spring and summer
The market is not flooded, but it is noticeably more balanced than earlier in 2025.
Closed Sales Dip Slightly, Creating Opportunity
There were 381 closed sales in November, a small reduction from last year.
When closed sales slow while inventory rises, it usually signals:
A calmer market
More time for buyers to make decisions
Sellers becoming more flexible on terms and price
Less pressure to rush or compete against multiple offers
For many buyers, this shift is exactly the breathing room they needed.
Pending Sales Hold Steady
Pending sales remained consistent, showing that demand is still healthy. Buyers are still purchasing, but they are doing so more strategically instead of reacting to urgency or market fear.
This balance points to a stable winter season rather than a decline.
What This Means for Buyers
If you are thinking about buying in Spokane, this winter is shaping up to be one of the most favorable times in recent years.
You can expect:
More listings to choose from
More negotiation power
Less competition
Smoother timelines with lenders, inspectors and movers
More accurate inspections because winter conditions reveal real issues
Winter often creates advantages that buyers cannot get in spring.
What This Means for Sellers
Sellers still benefit from Spokane’s strong, stable pricing and steady demand.
To succeed in this market:
Price correctly
Present your home well
Understand that winter buyers are serious
Stay flexible on terms when necessary
Homes that are priced right are still selling quickly.
Final Thoughts
The Spokane housing market for November 2025 shows a combination of stability and opportunity. Prices are steady, inventory is improving and both buyers and sellers can win depending on their strategy.
If you want help understanding what this market means for your plans, I am here to break down the numbers and help you make a confident move.
Send me a message anytime.
