Walla Walla Real Estate Update – May 2025

Walla Walla Real Estate Update – May 2025

Walla Walla’s real estate market continued to experience significant growth in housing inventory.  While buyer activity showed some signs of seasonal strength, it continued to lag behind the surge in new and active listings.  Here are highlights from May:

Seller activity continued to outpace buyer activity.  In May, sellers brought 103 new listings to the market compared to just 49 closed home sales.  By month end, there were 4.1 months of supply compared to 3.1 months a year ago.  There were 26% more listings on the market compared to May of last year.

Home sales lagged behind last year but showed signs of life.  Closed home sales fell 5% behind last year’s pace, but pending home sales increased 16% over the previous month, showing that buyers are taking advantage of the additional options that a growing inventory brings.

Price growth continued.  Walla Walla’s median sales price increased 11% over May of last year.  However, as sellers faced more competition from growing inventory, market pricing their homes continued to be an important factor in getting a sale in place.

May’s Listings: 202

Listings grew by 23% over the previous month and ended up 26% above the number of ones listed a year ago.

May’s Closings: 49

The month’s closed sales increased slightly over the previous month but ended up 8% lower than the number of closings that occurred in May of last year.

May’s Median Price: $438,000

The median price declined 2% from the previous month but was still 11% higher than the median sales price for May of last year.

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*NWMLS WA Data