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Walla Walla Real Estate Report – June 2025
Though mortgage rates may be daunting, the availability of homes for sale and the softening of home prices indicate that the Walla Walla valley is experiencing a rebalancing of housing market trends. Here are the key highlights from June.
Buyers had more choices in June. The month did show some positive signs for future buyers. The number of active listings grew 32% when compared to a year ago, and the median sales price remained relatively stable from the previous month. Yet, sellers outnumbered buyers as there were approximately two new listings for every closed home sale in June.
Closing slowed compared to the previous year. Buyer activity remained fairly flat. At the halfway point of the year, the Walla Walla Valley’s closed home sales had fallen 8% behind last year’s pace. But pending sales for the month indicated that buyer activity was on the rise.
Price growth slowed. The growing inventory has caused prices to moderate, which should open up opportunities for buyers who have been priced out. While quite a few sellers have reduced their asking price to entice buyers, the median sales price has still increased. But the annual rate of price growth has slowed to just 3%.
June’s Listings: 219
The month’s listings increased 8% over the previous month and ended up 32% above the number of homes listed a year ago.
June’s closed home sales: 53
The months closed home sales increased 6% over the previous month but ended up 18% below the number of homes that closed in June of last year.
June’s Median Price: $438,490
The month’s median price remained on par with the previous month but was 12% lower than the median sales price for June of last year. However, the year-to-date median price for the Walla Walla valley has grown 3% compared to a year ago.
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*NWMLS WA Data
