Is College Place, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing College Place is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, College Place has remained a Seller's Market.

Key Takeaway

College Place is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in College Place, WA

How much do homes in College Place, WA cost?

Median Sold Price

$408,000

$250/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$4,500(-1.1%)

Key Takeaway

Homes in College Place have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in College Place was $408,000 in November 2024, down 1.1% from last year, and the median price per square foot was $250.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 -$260K
N/A
2 $300K$330K
+10.0%
3 $407.6K$381K
-6.5%
4 $490K$507.5K
+3.6%
5+ $627.5K$520K
-17.1%

Summary: College Place housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 17.1%.

Median Sold Price Compared To Nearby Cities

Walla Walla-College Place
0.3%
Walla Walla
0.0%
College Place
-1.1%

Housing Supply in College Place, WA

How many homes are available in College Place, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3734-8.1%

Summary: The College Place real estate market had 34 homes for sale in November 2024, a 8.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 1514
-6.7%
4 1414
0.0%
5+ 32
-33.3%

Summary: The College Place housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
770.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in College Place, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in College Place in November 2024, the same as the previous month. Of the 7 sold homes, 57% were sold under asking, 43% were sold at asking, and 0% were sold over asking.

Days on Market for College Place, WA

How long does it take to sell a home in College Place, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
53 Days74 Days+38.7%

Summary: Homes in College Place had an average of 74 days on market in Nov 2024, up by 38.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in College Place has remained consistent over time.

Summary: During November 2024, 7 homes were sold in College Place; 29% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in College Place, WA

Nearby Markets to College Place, WA

What housing markets are near College Place, WA?