At first glance, Spokane’s March 2026 housing data from Redfin seems to tell two different stories at once. Prices are down. Sales are up. Those two things don’t usually go hand in hand — but in Spokane’s situation, they make a lot of sense when you look closer. Far from denoting a troubled market, Mark Hein, a Spokane-area real estate agent with eXp Realty, sees this as exactly what a healthy correction looks like.
What the March 2026 Numbers Actually Show
Spokane’s median sale price in March 2026 came in at $350,000 — down 1.4% compared to the same month last year. Homes are selling in about 29 days on average, up just one day from 28 days the prior year. And 227 homes sold in March, compared to 220 in March 2025. That’s more homes changing hands, not fewer. Perhaps the most striking data point: Spokane’s median sale price is now 20% below the national average. For buyers who’ve been squeezed out of pricier markets, that gap matters. Price softening hasn’t spooked buyers here — if anything, it’s bringing more of them back to the table.
Why Falling Prices and Rising Sales Can Exist Together
A 1.4% price drop isn’t cause for alarm. It just means the market is settling back to normal. And when prices come down a little, buyers who had given up tend to come back — which is exactly what’s happening in Spokane right now.
More homes selling at slightly lower prices is actually a good sign. Compare that to 2021 and 2022, when prices were rising fast and buyers were scrambling — waiving inspections, offering over asking, and still losing out. Today is much calmer and manageable for most people. For sellers, the message is simple: price it right and it will sell.
Out-of-State Buyers Are Taking Notice
The demand isn’t coming only from within Spokane. According to Redfin data, Los Angeles homebuyers are searching Spokane more than any other metro in the country — with Houston and Portland close behind. The draw is clear: Spokane sits 20% below the national median, offers a lower overall cost of living, and has a quality of life that’s hard to match at this price point. For local sellers, that’s genuinely good news — your potential buyer pool extends well beyond the Inland Northwest. For local buyers, it’s a sign that competition hasn’t disappeared. It’s just arriving from different area codes.
What This Means If You’re Buying or Selling in Spokane Right Now
For buyers, the present circumstances are about as favorable as they’ve been in several years. A median price 20% below the national average, a 29-day average time on market, and a market that rewards preparation over panic — it’s a reasonable environment to make a move. For sellers, the market is active but not unconditional. Overpriced listings are sitting. Realistically priced ones are selling. Mark Hein‘s read on the data is clear: Spokane’s market is finding its footing, not losing it. Whether you’re buying or selling, working with someone who tracks the local numbers — not just the national headlines — is what makes the difference right now.