Is Walla Walla-College Place, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Walla Walla-College Place has remained a Seller's Market.
Key Takeaway
Walla Walla-College Place is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Walla Walla-College Place, WA
How much do homes in Walla Walla-College Place, WA cost?
Median Sold Price
$419,633
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Walla Walla-College Place have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Walla Walla-College Place was $419,633 in May 2024, up 1.1% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $223.5K | $260K | +16.3% |
| 2 Bedrooms | $290K | $294.5K | +1.6% |
| 3 Bedrooms | $399.5K | $404.9K | +1.4% |
| 4 Bedrooms | $489K | $515K | +5.3% |
| 5+ Bedrooms | $552K | $600K | +8.7% |
Summary: Walla Walla-College Place housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 1.4%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 8.7%.
Median Sold Price Compared To Nearby Cities
| Walla Walla | $399K | $423.7K | +6.2% |
| Walla Walla-College Place | $415K | $419.6K | +1.1% |
| College Place | $403.5K | $400K | -0.9% |
Housing Supply in Walla Walla-College Place, WA
How many homes are available in Walla Walla-College Place, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 219 | 236 | +7.8% |
Summary: The Walla Walla-College Place real estate market had 236 homes for sale in May 2024, a 7.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 28 | 26 | -7.1% |
| 3 Bedrooms | 111 | 112 | +0.9% |
| 4 Bedrooms | 55 | 64 | +16.4% |
| 5+ Bedrooms | 24 | 31 | +29.2% |
Summary: The Walla Walla-College Place housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 29.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 45 | -13.5% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Walla Walla-College Place, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Walla Walla-College Place in May 2024, down by 13.5% month-over-month. Of the 45 sold homes, 53% were sold under asking, 31% were sold at asking, and 16% were sold over asking.
Days on Market for Walla Walla-College Place, WA
How long does it take to sell a home in Walla Walla-College Place, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 28 Days | 46 Days | +63.5% |
Summary: Homes in Walla Walla-College Place had an average of 46 days on market in May 2024, up by 63.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Walla Walla-College Place are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 45 homes were sold in Walla Walla-College Place; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.