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Walla Walla Real Estate Update – March 2025
March’s market activity showed some expected seasonal growth as we moved into spring. As the first quarter came to an end in the Walla Walla Valley, here are a few highlights:
More sellers listed their homes. During the first quarter, listings grew 16% when compared to the first quarter of last year. Continued listing growth is expected as sellers look to take advantage of what is typically a busy spring buying season.
Closed home sales moved ahead of last year. March’s home closings grew 6% over a year ago bringing the first quarter’s closing total to 101 – a 7.4% increase over the first quarter of last year.
Buyers had to contend with rising prices. In March, the 30-year mortgage rate dropped from 6.76% to 6.65%. This was a slight incitement for buyers which led to a 62% increase in pending transactions over the previous month. Yet buyers still had to contend with rising prices. The first quarter’s median sales price increased 4.6% over the same period of last year.
March’s Listings: 128
The month’s listings grew 20% over the previous month and ended 16% above the the number of home listed a year ago.
March’s Closings: 34
Closed home sales declined 28% from the previous month but ended 6% ahead of the number of homes that closed in March of last year.
March’s Median Sales Price: $440,369
The month’s median sales price increased 1.2% over the previous month and was 9% higher than the median sales price for March of last year.
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*NWMLS WA Data
