Is Walla Walla, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walla Walla is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Walla Walla, WA

How much do homes in Walla Walla, WA cost?

Median Sold Price

$424,916

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$83(0%)

Key Takeaway

The sold price of homes in Walla Walla has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $213.5K$214K
0.2%
2 $296.7K$288K
-2.9%
3 $399.5K$410K
+2.6%
4 $515K$535K
+3.9%
5+ $632.5K$700K
+10.7%

Summary: Walla Walla housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes decreased by 2.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 10.7%.

Median Sold Price Compared To Nearby Cities

College Place
+1.4%
Walla Walla
0%
Walla Walla-College Place
-0.1%

Housing Supply in Walla Walla, WA

How many homes are available in Walla Walla, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
219201-8.2%

Summary: The Walla Walla real estate market had 201 homes for sale in October 2024, a 8.2% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 42
-50.0%
2 2821
-25.0%
3 111103
-7.2%
4 5148
-5.9%
5+ 2527
+8.0%

Summary: The Walla Walla housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 8%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
5245-13.5%

Asking Price vs. Sold Price

22 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Walla Walla, you may be able to get a good deal. 48.9% of homes here sold below asking price last month.

Summary: A total of 45 homes were sold or pending in Walla Walla in October 2024, down by 13.5% month-over-month. Of the 45 sold homes, 49% were sold under asking, 38% were sold at asking, and 13% were sold over asking.

Days on Market for Walla Walla, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days65 Days+75.5%

Summary: Homes in Walla Walla had an average of 65 days on market in Oct 2024, up by 75.5% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

14 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Walla Walla are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 45 homes were sold in Walla Walla; 51% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 31% 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 20 Days Ago

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