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Walla Walla Real Estate Update – January 2025
January was a quiet month for closed home sales in the Walla Walla Valley. But the market experienced growth in new contract signings and in inventory as well.
Closed home sales set new monthly low. January was one of the lowest closing months ever in the Walla Walla Valley. However, buyer activity increased with new contract originations. The number of pending home sales grew 48% over last January.
Listing inventory increased. Most sellers tend to wait till the spring listing season but January saw the number of listings increase by 13% over the previous month and the months of inventory grew to 4.7 months compared to 4.1 months a year ago.
Median Sales Price grew year-over-year. January’s median sales price of $435,166 was 12% higher than January of last year. However, a more modest price growth of 2-4% is anticipated as we head through 2025.
January’s Listings: 135*
The month’s listings grew 13% over the previous month but ended down slightly from a year ago. However due to the slowdown in sales, month’s inventory grew to 4.7 months.
January’s Closings: 19*
The month’s closings dropped 55% from the previous month and ended up 37% below the number of homes that closed in January of last year.
January’s Median Sales Price: $435,166*
The month’s median sales precise increased just 1.3% over the previous month but ended up 12% higher than the median price for January of last year.
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*NWMLS WA Data
