City of Spokane Valley Home Prices & Values

$160,500 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.8% 1-year change
  • 2.3% 1-year forecast

The median home value in City of Spokane Valley is $160,500. City of Spokane Valley home values have gone up 5.8% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in City of Spokane Valley is $122, which is lower than the Spokane Metro average of $127. The median price of homes currently listed in City of Spokane Valley is $179,900 while the median price of homes that sold is $170,727.

Foreclosures will be a factor impacting home values in the next several years. In City of Spokane Valley 8.3 homes are foreclosed (per 10,000). This is greater than the Spokane Metro value of 6.7 and also greater than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in City of Spokane Valley is 5.3%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of City of Spokane Valley homeowners underwater on their mortgage is 19.0%, which is lower than Spokane Metro at 19.5%.

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Relative ZHVI
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City of Spokane Valley Market Overview

Data through Jul 31, 2014
  • $160,500 ZHVI
  • 2.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $179,900 Median listing price
  • $170,727 Median sale price
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City of Spokane Valley Market Health

Data through Jul 31, 2014
  • 4.2/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 19.0% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 5.3% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

8.3 homes City of Spokane Valley
6.7 homes Spokane Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Valleyford $304,600 Liberty Lake $265,200 Mead $222,700
Newman Lake $198,600 Otis Orchards-East Farms $188,900 Country Homes $179,300
Town and Country $148,500 Millwood $138,400 Spokane $132,800

Listings & Sales

Data through Jul 31, 2014
  • $122 Median list price / sq ft
  • $125 Median sale price / sq ft
  • 43.5% Listings with price cut
13.3%
Sold below listing
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City of Spokane Valley Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,116 City of Spokane Valley
$1,115 Spokane Metro
$1,318 United States
  • 4.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • No data Rent list price
  • $0.77 Rent list price / sq ft
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