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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Walla Walla-College Place is a seller's market

Buyer's
Market

Difference Since October 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

$419,526

$239/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$440(-0.1%)

Key Takeaway

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

Summary: The median home sold price in Walla Walla-College Place was $419,526 in October 2024, down 0.1% from last year, and the median price per square foot was $239.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $205K$235K
+14.6%
2 $299K$295K
-1.3%
3 $399.5K$407.4K
+2.0%
4 $500K$518K
+3.6%
5+ $627.5K$540K
-13.9%

Summary: Walla Walla-College Place housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.6%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 13.9%.

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-College Place, WA

How many homes are available in Walla Walla-College Place, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
251231-8.0%

Summary: The Walla Walla-College Place real estate market had 231 homes for sale in October 2024, a 8.0% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 3124
-22.6%
3 127114
-10.2%
4 6160
-1.6%
5+ 3031
+3.3%

Summary: The Walla Walla-College Place housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.6%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 3.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6151-16.4%

Asking Price vs. Sold Price

27 Homes Were Sold
Under Asking

18 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-College Place, you may be able to get a good deal. 52.9% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Walla Walla-College Place in October 2024, down by 16.4% month-over-month. Of the 51 sold homes, 53% were sold under asking, 35% were sold at asking, and 12% 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

Oct 2023Oct 2024CHANGE
36 Days81 Days+124.4%

Summary: Homes in Walla Walla-College Place had an average of 81 days on market in Oct 2024, up by 124.4% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 51 homes were sold in Walla Walla-College Place; 45% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 35% 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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