Home Values

City of Spokane Valley Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$159,600

  • 3.6% 1-year change
  • 3.8% 1-year forecast

The median home value in City of Spokane Valley is $159,600. City of Spokane Valley home values have gone up 3.6% over the past year and Zillow predicts they will rise 3.8% within the next year. The median list price per square foot in City of Spokane Valley is $120, which is lower than the Spokane Metro average of $124. The median price of homes currently listed in City of Spokane Valley is $175,000 while the median price of homes that sold is $169,565.

Foreclosures will be a factor impacting home values in the next several years. In City of Spokane Valley 7.0 homes are foreclosed (per 10,000). This is the same as the Spokane Metro value of 7.0 and also greater than the national value of 4.2

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 4.5%, which is lower than the national value of 6.4%. 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 18.1%, which is lower than Spokane Metro at 19.0%.

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Relative ZHVI
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City of Spokane Valley Market Overview

Data through Nov 30, 2014
  • $159,600 ZHVI
  • 3.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $175,000 Median listing price
  • $169,565 Median sale price
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City of Spokane Valley Market Health

Data through Nov 30, 2014
  • 5.5/10 Healthy
    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
  • 18.1% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 4.5% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

7 homes City of Spokane Valley
7 homes Spokane Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Valleyford $306,700
Liberty Lake $263,000
Mead $219,900
Name Median ZHVI
Newman Lake $200,400
Otis Orchards-East Farms $193,700
Country Homes $174,800
Name Median ZHVI
Town and Country $147,800
Millwood $139,400
Spokane $132,100

Listings & Sales

Data through Nov 30, 2014
  • $120 Median list price / sq ft
  • $119 Median sale price / sq ft
  • No data Listings with price cut
22.8%
Sold below listing
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City of Spokane Valley Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $1,143 City of Spokane Valley
    $1,145 Spokane Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $0.79 Rent list price / sq ft
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