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Walla Walla Real Estate Report – October 2025
Mortgage interest rates continued to trend lower in October, ending the month at 6.17% for 30-year fixed-rate loans, the lowest level since early October 2024. Pending sales, listings, and prices experienced year-over-year gains. Here are a few highlights from October:
Inventory remained up compared to a year ago. The number of homes listed for sale declined from the previous month but remained 30% above the number of homes listed for sale in October of last year. Inventory increased to 3.8 months compared to 2.6 months a year ago.
Closings continued to lag behind last year’s pace. The number of closed home sales decreased by 5% year-over-year. When compared to the previous month, closed sales decreased by 7%. However, new contract originations increased. Pending sales were up 7.5% over the previous month.
Prices were up modestly over the previous year. Annual declines in closed home sales, coupled with increasing inventory, have slowed price growth. The median sales price increased 3.5% over the median price for October of last year.
October’s Listings: 197
Listings declined 11% from the previous month but ended up 30% above the number of homes listed for sale a year ago.
October’s Closed Sales: 52
Closings fell 7% from the previous month and ended up 9% below the number of home sales that closed in October of last year.
October’s Median Price: $440,179
The median sales price was down slightly (.08%) from the previous month but was 3.5% higher than the median sales price for October of last year
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*NWMLS WA Data
