Market Trends May 9, 2025

Walla Walla Real Estate Update – April 2025

Walla Walla Real Estate Update – April 2025

 

As spring got underway in the Walla Walla Valley, inventory had grown, but the pace of closed home sales had slowed.  Here are some highlights from April:

 

The number of sellers outpaced buyers.   Ninety-three new listings hit the market in April, but only forty-six home sales closed.  The total number of available listings grew 21% over a year ago – demonstrating that homeowners are primed and ready to sell.  April’s inventory grew to 3.6 months compared to 2.3 months a year ago.

Closed home sales fell behind last year’s pace.  The month’s closings dropped 25% compared to the same month of last which caused year-to-date numbers to fall 5% behind last year’s pace.  However, buyers remained active with new contract originations.  At month’s end, there were 57 pending transactions.

Monthly prices saw a year-over-year increase.  April’s median sales price grew 12% over the same month of last year.  However, inventory growth is expected to keep price growth in check as we head towards summer.

 

 

April’s Listings: 164

The month’s listings grew 28% over the previous month and ended up 21% over April of last year.

April’s Closings: 46

The month’s closed homes sales grew 35% over the previous month but ended up 25% below the number of homes that closed in April of last year.

April’s Median Price: $447,500

The median sales price grew 1.6% over the previous month and ended up 12% over the median sales price for April of last year.

 

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*NWMLS WA Data