Photo: SpokaneWilly · CC BY-SA 4.0148 homes sold in Fairwood in the last year, at a typical $487K
Redfin reports Fairwood’s sales by ZIP code, so these figures are for ZIP 99218, which takes in Fairwood and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Fairwood homes are listed.
Every place Fairwood homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Fairwood.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 89% of Fairwood’s sales, at a typical $491K (year to May 2026)
148 homes sold in the year to September 2026.
typical sale · 117 sold in the year to May 2026
- Per square foot
- $204WA $348
- Days to sell
- 37
- Sold over asking
- 32%
Condos: 5 sold, typical $320K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.2 times the 2016 price
148 sales in the last year, against 232 in 2021 and a low of 99 in 2024. The typical sale went from $221K in 2016 to $487K.
Source: Redfin Data Center, MLS sales; for ZIP 99218, which takes in Fairwood and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $500K buys in Fairwood
Check a listing against what Fairwood homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Fairwood are rarer than before the pandemic, and more homes are for sale
We read every month of home sales in ZIP 99218 since 2016 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 148 sales.
If you’re buying in Fairwood
- Shop in September. It brings about 19 new listings a month, close to the busiest month, with fewer bidding wars (35% over asking).
- Bid near asking. Buyers paid 98.2% of the list price on average; 22% paid over.
- You’ll usually have time. Only 26% of homes go under contract within two weeks; the typical one takes 45 days.
Summer brings both the most homes and the most bidding wars
July has the most new listings (about 22 a month), but June is the most competitive: 46% of June sales close over asking. August and September offer nearly as much choice with fewer homes bid up (39%). February has the least competition (25%) but only about 8 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Washington as a whole
| Fairwood now | 2017–19 | 2021 peak | WA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 22% | 35% | 60% | 25% |
| Gone within two weeksShare of homes under contract within 14 days | 26% | 24% | 81% | 38% |
| Price paid vs. askingAverage sale price ÷ list price | 98.2% | 99.7% | 103.6% | 99.1% |
| Days to sellMedian days from listing to contract | 45 | 49 | 6 | 35 |
39 homes for sale on a typical day
That’s 3.5 times the 2021 low (11), 19% more than in 2017–19 and well under 2016’s 53.
Since 2019, houses are up 60%, condos 45%
A house typically sold for $491K in the year to May 2026 (117 sales), a condo for $320K (6).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 99218, which takes in Fairwood and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2016 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Fairwood home costs about $2,917 a month
Price: Fairwood’s typical sale, last 12 months. Property tax at Fairwood’s 0.9% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Fairwood is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. January has the fewest, about 7.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $487K home, about $4,510 a year.
Taxes vs. neighborsSchools
The schools grade for Fairwood, from test results, graduation and how much students grow.
Schools in FairwoodTypical commute
The average one-way trip to work for people who live in Fairwood.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Country Homes sells for less a square foot; Airway Heights for far more
The busier markets within 25 miles of Fairwood, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Spokane | 3,002 | $372K | $200 | 30% | 28 |
| Spokane Valley | 1,031 | $422K | $210 | 29% | 32 |
| Fairwood (ZIP 99218) | 148 | $487K | $199 | 22% | 45 |
| Airway Heights | 108 | $388K | $254 | 40% | 46 |
| Suncrest | 68 | $591K | $228 | 22% | 61 |
| Mead | 64 | $523K | $209 | 26% | 45 |
| Country Homes | 53 | $446K | $189 | 23% | 55 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Fairwood, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Fairwood. People who follow the town see it, and so do people comparing Fairwood with their own town. No commission, no listing fee.
Questions about buying a home in Fairwood
What do homes sell for in Fairwood, WA?
148 homes sold in the year to September 2026 at a typical $487K, $199 a square foot.
Is Fairwood a buyer’s or seller’s market?
A seller’s market: 43 homes were for sale in September 2026 and 17 sold, about 2.5 months of supply. Buyers paid 98.2% of asking on average.
When is the best time to buy in Fairwood?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Fairwood?
About 0.9% of a home’s value a year. On a $487K home that’s near $4,510.
Where can I see homes for sale in Fairwood?
Zillow, Redfin, Realtor.com and Homes.com all carry Fairwood’s MLS listings; the search links above open each one filtered to Fairwood.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 99218, which takes in Fairwood and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).