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Spokane Valley

Why you'd want to live in Spokane Valley

Creating a business-friendly environment to sustain and grow Spokane Valley businesses, while recruiting new business, is the foremost goal of Spokane Valley's Economic Development Department. Spokane Valley has a population of approximately 107,000 people. It is located within the Spokane-Spokane Valley MSA which is a top 100 U.S. metro market. Spokane County's population is approximately 539,000 (2020 census data) and it is considered the regional, economic and cultural hub of a four-state region with over 2.5 million people. The region's population and employment has grown at a steady pace. From 2010 to 2020, the county's population grew 14.5%. The city understands that continued economic growth is critical to its economy and quality of life. That growth depends on the decisions of business leaders to start, relocate or expand in Spokane Valley. With that in mind, the city's economic development team is dedicated to supporting, retaining and growing its business community. From creating business-friendly incentives, permitting and workforce initiatives for relocating businesses, to administering programs to help small, local businesses grow, the Spokane Valley economic development team is determined to provide unrivaled customer service and unique value no matter the business. via discoverspokanevalley.com/

Spokane Valley Market Report

$1,280,431

AVERAGE PRICE OF 16 HOMES

$4,983,334

AVERAGE PRICE OF 3 MULTI-MILLION DOLLAR HOMES

$519,000

AVERAGE PRICE OF 3 NEWLY BUILT HOMES

$425,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $1,280,431
Avg Bedrooms 2.63 beds
Avg Bathrooms 2 baths

Average Price by Bedrooms

2 bedrooms $205,000
3 bedrooms $509,833
4 bedrooms $475,000
5 bedrooms $759,166
Spokane Valley Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 452 390 354 325 314
Average Price $555,658 $529,802 $517,468 $540,015 $547,631
Avg Price Change +4.88% +2.38% -4.36% -1.41% +4.61%
Median Price $457,690 $452,072 $449,403 $454,848 $453,264
Med Price Change +1.24% +0.59% -1.21% +0.35% +1.67%
Avg Bedrooms 2.8 beds 2.89 beds 2.74 beds 2.78 beds 3.08 beds
Avg Bathrooms 1.92 baths 2 baths 1.94 baths 1.97 baths 2.23 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 16 $1,280,431 109 days
Multi-Million Dollar Homes 3 $4,983,334 112 days
Newly Built Homes 3 $519,000 119 days
Reduced Price Homes 1 $425,000 30 days