Facebook
X
Pinterest
Copy Link
Walla Walla Real Estate Report – August 2025
During the hot days of August, the real estate market in Walla Walla cooled off a bit. Closed home sales declined, but buyers experienced expanded opportunities. Here are a few highlights:
Closed home sales fell further behind last year’s pace. Monthly closed home sales fell 38% compared to closings in August of last year. At month’s end, year-to-date total closings had fallen 9% behind last year’s pace.
Pending transactions increased. Expanded inventory, motivated sellers, along with the slight drop in interest rates, spurred an increase in new contract originations during the month. Pending transactions saw an increase of 25% compared to the previous month. This forward-looking indicator points to stronger closing months ahead.
Price growth remained modest. There were 29% more listings on the market than a year ago, and inventory grew to 5.6 months compared to 2.6 months last August. The increase in inventory, combined with the slowdown in sales, kept price growth modest. The Median sales price grew 4% compared to August of last year.
August’s Listings: 228
The month’s listing total experienced a slight decline of 3% but ended up 29% above the number of homes listed for sale a year ago.
August’s Closed Home Sales: 43
The number of closed home sales experienced a sharp decline of 43% compared to the previous month and ended up 38% below the number of closings for August of last year.
August’s Median Price: $435,000
The month’s median sales price declined 3% from the previous month but was 4% higher than the median sales price for August of last year.
Learn More
Click here for the full monthly report
Click here for Market Updates
*NWMLS WA Data
