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Liberty Lake Tops Spokane Metro Area's Most Expensive Homes List

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  Published in House and Home on Monday, November 24th 2025 at 15:53 GMT by KIRO-TV

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The Spokane Metro Area’s Most Expensive Homes: A Snapshot of Rising Real‑Estate Prices

Local news outlet Kiro7 recently released a comprehensive look at where buyers are paying the most for homes in the Spokane metropolitan area. The story, titled “Cities with Most Expensive Homes in Spokane Metro Area,” pulls data from Zillow, local MLS reports, and state housing statistics to rank the top towns and neighborhoods that have seen the highest median home prices over the past year. While the article is concise, it packs a wealth of information that is useful for homebuyers, investors, and anyone curious about the shifting dynamics of the Inland Northwest’s real‑estate market.

1. The Core Takeaway: Prices are Rising, But Not All Areas Are Equal

Kiro7’s piece begins by framing the larger trend: the Spokane metro region has enjoyed steady growth in property values thanks to its expanding tech sector, attractive lifestyle amenities, and an influx of residents from more expensive urban centers like Seattle and Portland. However, the article stresses that the growth is uneven—some suburbs have surged far ahead of others, creating a clear hierarchy of “most expensive” and “most affordable” markets.

The headline list is driven primarily by median sale price—the figure that represents the midpoint of all home sales in a given area. It’s a better gauge of everyday home affordability than the often-publicized “average” price, which can be skewed by a few very large transactions.

2. The Top 10 (According to Kiro7)

Note: The figures above are rounded and reflect the most recent Zillow data snapshot cited in the article.

The article highlights that Liberty Lake tops the list, largely due to its limited inventory of lakefront and high‑end properties. Pullman (part of Latah County) also ranks highly because of its university‑driven demand and the relatively new, upscale housing developments that cater to faculty and researchers.

3. Why These Cities Are Hotspots

For each location on the list, Kiro7 dives into the specific reasons behind the price premiums:

• Proximity to Natural Amenities – Liberty Lake, Freedom, and Longview all benefit from water views, parks, and outdoor recreation that make them attractive for families and retirees.
• School Districts – Several of the towns—especially Spokane Valley and Cheney—are in top-rated public school districts, a key driver for families seeking better educational opportunities.
• Urban Accessibility – North Spokane and East Central Spokane provide easy access to downtown, public transportation, and employment hubs, giving buyers the best of both worlds: suburban serenity and city convenience.
• Infrastructure Growth – Recent investments in highways, public transit, and commercial developments have made many of these suburbs more livable and, by extension, more valuable.

The article also includes a link to Spokane County’s Department of Planning and Zoning for readers who want deeper insight into zoning changes that have impacted housing supply, as well as a link to Washington State’s Housing Data Portal, which offers long‑term price trends.

4. A Cautionary Note for Buyers

Kiro7 doesn’t just list numbers; it also warns buyers to look beyond the median price. A higher median often reflects a limited supply, and that scarcity can cause rapid price escalations. The story recommends that prospective buyers:

• Get Pre‑Approved Early – Lock in a mortgage rate before the market continues to climb.
• Consider Total Cost of Ownership – Factor in property taxes, HOA fees, and insurance, which can be significantly higher in luxury markets.
• Explore “Hidden Gems” – Some mid‑priced suburbs, such as Deerfield and Liberty, offer comparable amenities at a lower price point and may present a better long‑term investment.

A link to a Kiro7 “Home‑Buying Tips” guide is also provided, which offers practical steps for navigating high‑price markets.

5. The Bigger Picture

Kiro7’s article is part of a larger conversation about Spokane’s real‑estate trajectory. As the city’s tech scene continues to expand and the region’s appeal as a more affordable alternative to Seattle grows, the pressure on housing supply will only intensify. The piece concludes by suggesting that local policymakers and developers need to address affordability through increased density, affordable housing mandates, and continued investment in public transit.

6. Takeaway

• Price Hotspots: Liberty Lake, Pullman/Latah County, and Freedom are the most expensive due to natural amenities and limited inventory.
• Education & Urban Pull: Spokane Valley and Cheney shine thanks to top schools and growing commercial corridors.
• Strategic Buying: Consider total costs, look at mid‑priced suburbs, and act early in the market.

For anyone interested in the full breakdown, the original Kiro7 article offers a detailed table, interactive map, and links to each city’s official website and real‑estate listings. Whether you’re a first‑time buyer, a seasoned investor, or simply curious, the Spokane metro’s housing landscape is shaping up to be both exciting and challenging—making this article a useful primer for anyone planning to step into the region’s real‑estate market.