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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.

Spokane Valley Market Report

$559,249

AVERAGE PRICE OF 523 HOMES

$1,840,508

AVERAGE PRICE OF 31 MULTI-MILLION DOLLAR HOMES

$654,485

AVERAGE PRICE OF 141 NEWLY BUILT HOMES

$506,791

AVERAGE PRICE OF 27 REDUCED PRICE HOMES

Average Home

Average Price $559,249
Avg Bedrooms 3.03 beds
Avg Bathrooms 2.08 baths

Average Price by Bedrooms

1 bedroom $388,700
2 bedrooms $276,509
3 bedrooms $473,387
4 bedrooms $524,251
5 bedrooms $580,341
Spokane Valley Home Price Trends
  6/2025 5/2025 4/2025 3/2025 2/2025
Total Listings 509 488 468 392 379
Average Price $557,464 $551,557 $557,575 $569,332 $583,271
Avg Price Change +1.07% -1.09% -2.11% -2.45% +1.77%
Median Price $477,385 $487,769 $481,208 $477,321 $475,817
Med Price Change -2.18% +1.36% +0.81% +0.32% +2.21%
Avg Bedrooms 2.9 beds 3.08 beds 3.07 beds 2.83 beds 2.68 beds
Avg Bathrooms 2.08 baths 2.19 baths 2.17 baths 2.01 baths 1.92 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central Valley 115 $600,033 55 days
Total Homes Average Price Avg Days on Site
All Homes 523 $559,249 99 days
Multi-Million Dollar Homes 31 $1,840,508 139 days
Newly Built Homes 141 $654,485 118 days
Reduced Price Homes 27 $506,791 86 days