Professional Custom Home Builders in Spokane Valley, WA

The Spokane Valley real estate market is showing a steady pace with a 2.7-month supply of inventory. Currently, there are 233 active listings that remain on the market for an average of 42 days, reflecting continuous buyer interest. The market dynamics exhibit a 77% pending ratio, indicating that a significant portion of the homes listed are moving towards a sale. In the past six months, 511 homes have sold, averaging 85 sales per month, with these properties closing at 99.5% of their listed prices—a sign that homes are selling very close to their asking prices. Pricing trends in the market show active homes are listed at an average of $548,201. Homes under contract (pending sales) are priced lower, at an average of $447,223, suggesting initial listing prices may see adjustments before sale closure. The closed sales average at $431,724, further supporting this trend. These figures indicate a robust market where properties are moving relatively quickly from listing to sale, achieving nearly full list price values. Sellers can remain optimistic about receiving strong offers close to their desired price points, while buyers should be prepared for competitive market conditions requiring prompt decisions.