Exciting New Listings Hit the Spokane Real Estate Market

Spokane’s real estate market continues to evolve, offering a diverse range of properties for potential homebuyers. As the housing inventory grows, with 1,253 homes currently on the market (a 31% increase from last year), three standout listings have recently caught the attention of local real estate enthusiasts. These properties, available at forsalespokane.com, showcase the variety and potential of Spokane’s residential offerings.

Leading the pack is an impressive 8-bedroom, 6-bathroom home at 3002 N Crestline St, listed for $1,095,000 by Keller Williams Spokane – Main. This luxurious property stands out in a market where the median listing home price is $475,000, trending up 3.3% year-over-year. For those seeking more modest accommodations, a charming 6-bedroom, 2-bathroom home at 2207 E South Crescent Ave is available for $360,000, also listed by Keller Williams Spokane – Main. Rounding out the top three is a spacious 5-bedroom, 3-bathroom home at 1656 E Queen Ave #1658, offered at $459,900 by Kelly Right Real Estate of Spokane.

Spokane’s Real Estate Landscape

The Spokane real estate market presents a wide array of options for potential buyers, with homes ranging from $21,000 to an astounding $10 million. The median listing home price per square foot in Spokane stands at $224, offering relatively affordable options compared to other major cities in the Pacific Northwest. Prospective homeowners can explore these listings and more at forsalespokane.com, where they can find detailed information on properties across various neighborhoods.

Some of the most sought-after neighborhoods in and around Spokane include Lincoln Heights, East Central, and West Central. These areas offer a blend of urban convenience and suburban charm, catering to diverse lifestyle preferences. With 1,778 homes currently for sale in Spokane, buyers have ample opportunity to find their perfect match in these desirable locations.

Market Trends and Outlook

Despite the increase in housing inventory, Spokane’s real estate market remains relatively stable. The median price of a home in Spokane has held steady at $425,000 compared to the same period last year, indicating a balanced market. However, current conditions are characterized as a soft seller’s market, primarily due to higher interest rates causing some buyers to hesitate.

As the market continues to evolve, potential buyers and sellers are encouraged to stay informed about the latest trends and listings. Websites like forsalespokane.com provide valuable resources for those navigating the Spokane real estate landscape, offering up-to-date information on new listings, market trends, and expert insights. Whether you’re in the market for a luxurious multi-bedroom home or a cozy starter property, Spokane’s diverse real estate offerings have something for everyone.