Monthly Market Overview — Pullman Single-Family Median Prices
This report summarizes median sale prices for single-family homes in Pullman based on information from the Pacific Regional Multiple Listing Service (our local MLS) for the period of August 01, 2021 to August 31, 2025.
Analysis from Justin Cofer
August 2025 recorded 12 closed single-family home sales in Pullman with a median sold price of $568,750. Compared to August 2024, which saw 13 sales with a median of $542,000, sales volume was essentially flat year over year while pricing moved higher. The increase in the median was driven primarily by transaction mix rather than broad appreciation, as a higher share of upper-tier homes closed during the month. Buyer demand remained selective and rate-sensitive, but well-qualified purchasers continued to transact at higher price points, supporting the elevated median despite similar overall activity.
August Five-Year Comparison
• August 2021: 30 sales — $390,250
• August 2022: 23 sales — $469,000
• August 2023: 17 sales — $442,850
• August 2024: 13 sales — $542,000
• August 2025: 12 sales — $568,750
Market Interpretation & Context
Flat Year-Over-Year Volume:
August 2025 sales were effectively unchanged from August 2024, indicating stable absorption rather than contraction.
Upper-Tier Skew:
A greater concentration of higher-priced closings lifted the median above last year despite similar transaction counts.
Rate-Constrained Selectivity:
Buyers remained payment-sensitive, but those with stronger financial positioning continued to transact.
Composition Over Appreciation:
The elevated median reflects mix, not broad-based price growth across all tiers.
Year-to-Date Perspective
Through the end of August, 2025 continues to track ahead of 2024 in total closed sales year to date, while median pricing remains essentially flat on a YTD basis. This reinforces the broader 2025 pattern: more transactions occurring, but pricing outcomes dictated by affordability and composition rather than momentum.
Summary
August 2025 reflects a stable Pullman market with flat year-over-year sales volume and a higher median driven by upper-tier transaction mix. The data points to selectivity, not slowdown—buyers are active where pricing aligns with value, and YTD trends continue to support a market that is healthier in activity than 2024 without exhibiting broad price acceleration.