Is 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
At the same time last year, College Place was a Seller's Market.
Key Takeaway
College Place is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in College Place, WA
How much do homes in College Place, WA cost?
Median Sold Price
$400,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in College Place have sold for 0.9% less than they did a year ago.
Summary: The median home sold price in College Place was $400,000 in May 2024, down 0.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $260K | N/A |
| 2 Bedrooms | $332.5K | $295K | -11.3% |
| 3 Bedrooms | $399.5K | $387.5K | -3.0% |
| 4 Bedrooms | $425K | $499K | +17.4% |
| 5+ Bedrooms | $625K | $549.5K | -12.1% |
Summary: College Place housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes decreased by 12.1%.
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 College Place, WA
How many homes are available in College Place, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 27 | 37 | +37.0% |
Summary: The College Place real estate market had 37 homes for sale in May 2024, a 37.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 12 | 16 | +33.3% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The College Place housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 41.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in College Place, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in College Place in May 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 4 Days | -4.0% |
Summary: Homes in College Place had an average of 4 days on market in May 2024, down by 4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in College Place are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in College Place; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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.