Spokane Housing Market 2026: An Essential Guide

Key Takeaways

• Market Stability: The Spokane housing market is showing signs of a return to a more balanced and sustainable environment for 2026.
• Inventory Growth: Housing inventory has increased by approximately 19% year-over-year, offering more choices for prospective buyers.
• Moderate Price Appreciation: Median home prices are now in the $380,000 to $425,000 range, reflecting a healthier rate of appreciation.
• Increased Sales Activity: Home sales have seen a modest increase of about 2.5% in the past year, indicating steady buyer demand.

Navigating the Spokane Housing Market in 2026

Welcome to your guide to the Spokane housing market for 2026. After a period of rapid changes, the market is transitioning into a more stable and predictable phase. This shift presents new opportunities and considerations for both homebuyers and sellers. At Q Home Loans, we believe in empowering you with clear, reliable information to help you make informed decisions on your homeownership journey.

This guide offers a comprehensive overview of the current market conditions, including updated loan limits and interest rate environments, to provide you with a clear picture of what to expect in 2026.

Current Mortgage Rates and Loan Limits

As of early 2026, the mortgage rate environment has settled, providing more predictability for homebuyers. While specific rates can vary based on individual financial situations, the current market rates offer a solid foundation for planning your home purchase.

Important Note: The rates provided are based on market data from early 2026 and are for informational purposes only. Your actual rate will depend on various factors, including your credit profile. Please consult with a loan professional for a personalized rate quote.

In addition to stable rates, 2026 brings updated loan limits, which can impact your purchasing power. These changes reflect the evolving real estate market and are designed to help buyers keep pace with home values.

These updated limits for Conforming and FHA loans provide greater flexibility for financing your home purchase in Spokane County.

Trends to Watch in the Spokane Market

The Spokane housing market is characterized by a few key trends that will shape the landscape for buyers and sellers in 2026.

A More Balanced Market

The significant 19% increase in housing inventory is one of the most impactful changes we've seen. For buyers, this means more options to choose from and potentially less competition than in previous years. This shift creates a more balanced negotiating environment between buyers and sellers.

Steady and Sustainable Growth

With median home prices in the $380,000 to $425,000 range, Spokane is experiencing a more sustainable pace of growth. This moderation is a positive sign for the long-term health of the market, helping to prevent the dramatic price swings of the past. The 2.5% increase in sales further demonstrates a stable and active market.

Your Path to Homeownership in 2026

Whether you are a first-time homebuyer or a seasoned homeowner, the 2026 Spokane housing market offers exciting opportunities. With a better understanding of the current conditions, you can approach your home purchase with confidence.

The team at Q Home Loans is here to provide expert guidance and support. We are committed to helping you find the right financing solution to meet your goals in this evolving market.

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This content is for educational purposes only and does not constitute a loan commitment or guarantee. Loan approval is subject to credit and property approval. Contact Q Home Loans for current rates and program availability. Q Home Loans is a division of American Pacific Mortgage Corporation, NMLS #1850. Equal Housing Lender.