diff --git a/static/app/views/explore/hooks/useTraceItemAttributeKeys.spec.tsx b/static/app/views/explore/hooks/useTraceItemAttributeKeys.spec.tsx
index 6b6c990856aebb..2ca53c4b0361c3 100644
--- a/static/app/views/explore/hooks/useTraceItemAttributeKeys.spec.tsx
+++ b/static/app/views/explore/hooks/useTraceItemAttributeKeys.spec.tsx
@@ -255,4 +255,116 @@ describe('useTraceItemAttributeKeys', () => {
 
     expect(result.current.attributes).toEqual(expectedAttributes);
   });
+
+  it('keeps previous attributes without re-entering loading when search changes', async () => {
+    const defaultAttributeKeys: Tag[] = [
+      {
+        key: 'default.attribute',
+        name: 'Default Attribute',
+        kind: FieldKind.TAG,
+      },
+    ];
+    const searchedAttributeKeys: Tag[] = [
+      {
+        key: 'searched.attribute',
+        name: 'Searched Attribute',
+        kind: FieldKind.TAG,
+      },
+    ];
+
+    const defaultMock = MockApiClient.addMockResponse({
+      url: `/organizations/${organization.slug}/trace-items/attributes/`,
+      body: defaultAttributeKeys,
+      match: [
+        (_url: string, options: {query?: Record<string, any>}) => {
+          const query = options?.query || {};
+          return (
+            query.itemType === TraceItemDataset.LOGS &&
+            query.attributeType === 'string' &&
+            query.substringMatch === undefined
+          );
+        },
+      ],
+    });
+    const searchedMock = MockApiClient.addMockResponse({
+      url: `/organizations/${organization.slug}/trace-items/attributes/`,
+      body: searchedAttributeKeys,
+      match: [
+        (_url: string, options: {query?: Record<string, any>}) => {
+          const query = options?.query || {};
+          return (
+            query.itemType === TraceItemDataset.LOGS &&
+            query.attributeType === 'string' &&
+            query.substringMatch === 'searched'
+          );
+        },
+      ],
+    });
+
+    const defaultExpectedAttributes = {
+      'default.attribute': {
+        key: 'default.attribute',
+        name: 'Default Attribute',
+        kind: FieldKind.TAG,
+        secondaryAliases: [],
+      },
+    };
+    const searchedExpectedAttributes = {
+      'searched.attribute': {
+        key: 'searched.attribute',
+        name: 'Searched Attribute',
+        kind: FieldKind.TAG,
+        secondaryAliases: [],
+      },
+    };
+
+    const {result, rerender} = renderHookWithProviders(
+      ({search}: {search?: string}) =>
+        useTraceItemAttributeKeys({
+          search,
+          traceItemType: TraceItemDataset.LOGS,
+          type: 'string',
+        }),
+      {
+        initialProps: {search: undefined as string | undefined},
+        organization,
+      }
+    );
+
+    await waitFor(() => expect(result.current.isLoading).toBe(false));
+    expect(result.current.attributes).toEqual(defaultExpectedAttributes);
+    expect(defaultMock).toHaveBeenCalledTimes(1);
+
+    rerender({search: 'searched'});
+    await waitFor(() => expect(result.current.isLoading).toBe(true));
+    expect(result.current.attributes).toEqual(defaultExpectedAttributes);
+
+    await waitFor(() => expect(searchedMock).toHaveBeenCalledTimes(1));
+    await waitFor(() => expect(result.current.isLoading).toBe(false));
+    expect(result.current.attributes).toEqual(searchedExpectedAttributes);
+
+    rerender({search: ''});
+    expect(result.current.isLoading).toBe(false);
+    expect(result.current.attributes).toEqual(defaultExpectedAttributes);
+
+    await waitFor(() => expect(defaultMock).toHaveBeenCalledTimes(2));
+    await waitFor(() =>
+      expect(result.current.attributes).toEqual(defaultExpectedAttributes)
+    );
+  });
+
+  it('does not stay loading when the query is disabled', () => {
+    const {result} = renderHookWithProviders(
+      () =>
+        useTraceItemAttributeKeys({
+          enabled: false,
+          traceItemType: TraceItemDataset.LOGS,
+          type: 'string',
+        }),
+      {organization}
+    );
+
+    expect(result.current.isLoading).toBe(false);
+    expect(result.current.attributes).toBeUndefined();
+  });
 });
diff --git a/static/app/views/explore/hooks/useTraceItemAttributeKeys.tsx b/static/app/views/explore/hooks/useTraceItemAttributeKeys.tsx
index 23918fcec0e200..a7ab200e92a5ce 100644
--- a/static/app/views/explore/hooks/useTraceItemAttributeKeys.tsx
+++ b/static/app/views/explore/hooks/useTraceItemAttributeKeys.tsx
@@ -3,8 +3,7 @@ import {useMemo} from 'react';
 import {usePageFilters} from 'sentry/components/pageFilters/usePageFilters';
 import type {TagCollection} from 'sentry/types/group';
 import {defined} from 'sentry/utils';
-import {useQuery} from 'sentry/utils/queryClient';
-import {usePrevious} from 'sentry/utils/usePrevious';
+import {keepPreviousData, useQuery} from 'sentry/utils/queryClient';
 import {
   makeTraceItemAttributeKeysQueryOptions,
   useGetTraceItemAttributeKeys,
@@ -28,6 +27,7 @@ export function useTraceItemAttributeKeys({
   search,
 }: UseTraceItemAttributeKeysProps) {
   const {selection} = usePageFilters();
+  const normalizedSearch = search || undefined;
 
   const projectIds =
     explicitProjectIds ??
@@ -56,18 +56,17 @@ export function useTraceItemAttributeKeys({
   });
 
   // eslint-disable-next-line @tanstack/query/exhaustive-deps
-  const {data, isFetching, error} = useQuery({
+  const {data, isFetching, isPending, error} = useQuery({
     enabled,
-    queryKey: [...queryKey, search],
-    queryFn: () => getTraceItemAttributeKeys(search),
+    placeholderData: keepPreviousData,
+    queryKey: [...queryKey, normalizedSearch],
+    queryFn: () => getTraceItemAttributeKeys(normalizedSearch),
   });
 
-  const previous = usePrevious(data, isFetching);
-
   return {
-    attributes: isFetching ? previous : data,
+    attributes: data,
     error,
-    isLoading: isFetching,
+    isLoading: isFetching && (isPending || normalizedSearch !== undefined),
   };
 }