Spokane Housing Market Conditions
Spokane has an allure that continues to draw new households including 3,000 in 2023. Much of the growth comes from retirees and pandemic-induced migration. The lower cost of living, affordability and beautiful scenery make this an affordable alternative to those migrating from California and Seattle. While the housing demand was high, prices were on the rise. The city is now in the top ten cities finding prices quickly on the decline.
What can’t be overlooked is the natural beauty and great outdoor recreation. From hiking to skiing to cycling, there is plenty of allure in Spokane. Anticipating a rebound in single family permits in 2024, this area remains a great place to put down roots. Another perk for potential buyers is the leveling out of increased home pricing making it easier to qualify for a new home when the market adjusts for over valuation.
The dropping unemployment rate and continued growth of new households is a bright light in this struggling new home market. The selection of new home communities will draw you to this region. Live in Spokane and the Spokane Valley as it offers more new homes for sale throughout 2023.
Market Overview: New Homes in Spokane & Couer D Alene, WA
Here is a quick overview of new housing developments in the Spokane & Couer D Alene area and the new construction market for new build homes in Spokane & Couer D Alene:
| Market Name | Spokane & Couer D Alene |
| State Name | Washington |
| Subdivisions | 56 |
| Homes Under Construction | 100 |
| Quick Move-in Homes | 122 |
| Floor Plans | 356 |
| Starting Price | $329,950 |
| Average Price | $633,698 |
| Price Per SqFt | $289 |
| New Home Builders | 25 |
| Leading Builders | - Lennar
- Architerra Homes
- D.R. Horton
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