Spokane Homes Record Steady Growth as Regional Markets Show Varied Dynamics Through May 2024
Spokane’s real estate saw a steady upward trend from June 2023 to May 2024 with a 2% increase in property values.
Spokane Real Estate Market Trends: June 2023 to May 2024
The real estate market in Spokane, Washington, has seen a steady upward trajectory in terms of property values over the last 12 months. In June last year, the average property value was $432,340, then the market saw a gradual rise, reaching a peak average value of $439,950 by May this year. This represents an increase of just under 2% YoY. At the time of writing this report, the average price per square foot has also showed an upward trend, starting at $210 and climbing to $216 across the same timeframe.
Here is an overview of the nearby zip codes and current values
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| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 99208 |
$ 492,500 $ 202/sqft |
99203 |
$ 599,499 $ 238/sqft |
| 99205 |
$ 339,000 $ 193/sqft |
99216 |
$ 429,898 $ 218/sqft |
| 99223 |
$ 567,293 $ 226/sqft |
99217 |
$ 419,000 $ 234/sqft |
| 99224 |
$ 628,500 $ 243/sqft |
99204 |
$ 460,000 $ 201/sqft |
| 99206 |
$ 472,500 $ 196/sqft |
99201 |
$ 354,375 $ 217/sqft |
| 99212 |
$ 427,483 $ 224/sqft |
99218 |
$ 525,000 $ 211/sqft |
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