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Washington State is currently a healthy housing market, and many centers across the state are experiencing similar market temperatures. That includes Bremerton, Spokane, and Tacoma. This article will go into greater detail about the current state of the market in these cities and what they’re expected to be like over the coming months.
Washington is currently considered to be a somewhat competitive market right now. While home prices have dipped 0.5% over the past year (and now sit at $585,576), they have been on a steady incline over the years and are expected to continue on that path throughout 2026.
Some of the hottest and strongest housing markets in the country are right here in Washington State, and that includes Bremerton, Spokane, and Tacoma.
Related: Home buying process in Washington State
The market in Bremerton is somewhat competitive right now. The average home receives 2 offers, and contingencies may sometimes be waived. Homes sell in about 26 days after being listed.
The average home price in Bremerton is now $469,339 and has risen 1.2% over the past 12 months, according to Zillow.
The situation is very similar in Spokane, with the average homes getting 1 offer and going pending in 46 days after being listed. Hot homes sell in as little as 12 days and often go over the listing price.
Right now, prices in Spokane are averaging $383,289.
Tacoma is also seeing a healthy market right now. The average home price sits at $478,988. Multiple offers are commonplace, and homes sell on average 36 days after being listed.
The real estate market temperature for the nation as a whole is also relatively healthy. According to Zillow, the average home price in the US is currently $357,275 and has increased 0.1% over the past 12-month period. So the metro-area real estate markets listed above are actually much higher than the national rate.
Related: Find out what the 2026 Conforming Loan Limits and FHA Loan Limits are in Washington.
Just recently, the forecasts for Bremerton, Spokane, and Tacoma were very strong and optimistic. The same can be said for Washington State and the nation as a whole.
Home prices have increased at incredibly higher rates this past 12 months, and they’re expected to continue to rise, perhaps at a relatively similar pace from the past 12 months. Experts predict that national housing prices will increase by 1% to 3% over the course of the next 12 months through 2026.
Related: Washington: one of the most expensive states for housing?
In the past couple of years, there has been an increase in housing inventory in most cities across Washington. The trend was most noticeable in the Seattle area, but it happened elsewhere as well. That was good news for home buyers because it meant there would be more properties to choose from, compared to the shortages of the past.
But inventory is very tight right now, with far fewer homes available for sale to meet the demand. There may also be fewer sellers out there who are looking to sell because of the current health crisis.
Will you need mortgage financing to buy a home in Washington State? We can help. Sammamish Mortgage has been serving buyers across Washington, Oregon, Idaho, Colorado, and California since 1992. We offer a wide variety of mortgage products and programs with flexible qualification criteria, including our Diamond Homebuyer Program, Cash Buyer Program, and Jumbo Loans, among others. Visit our website to get an instant rate quote or to use our mortgage calculator. Please contact us today with any financing-related questions you have or to get pre-approved for a mortgage.
Whether you’re buying a home or ready to refinance, our professionals can help.
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