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 December 01, 2021 to December 31, 2025.
Analysis from Justin Cofer
December 2025 recorded 20 closed single-family home sales in Pullman with a median sold price of $422,500. Compared to December 2024, which saw 8 sales with a median of $475,000, sales volume increased materially while the median price declined year over year. The shift reflects a change in transaction composition rather than price softening, as December 2025 included a higher share of mid-tier and entry-level closings. Lower interest rates closer to 6% resulted in the strongest December sales volume in the past five years.
December Five-Year Comparison
- December 2021: 19 sales — $332,500
- December 2022: 11 sales — $420,000
- December 2023: 10 sales — $452,750
- December 2024: 8 sales — $475,000
- December 2025: 20 sales — $422,500
Market Interpretation & Context
Stronger Late-Year Volume:
December 2025 posted the highest December sales count in at least five years, indicating improved year-end liquidity compared to prior seasonal norms.
Median Moderation from Mix:
The lower median relative to December 2024 reflects a greater concentration of mid-priced transactions rather than downward pressure on values.
Affordability-Driven Participation:
Buyer activity remained selective but broadened into lower price tiers, supporting higher transaction volume despite rate sensitivity.
Seasonality Still Applies:
While volume improved, December activity remains well below peak spring and summer levels, consistent with historical seasonal patterns.
Year-to-Date Perspective
For full-year 2025, Pullman recorded 201 closed single-family home sales with a median sold price of $485,000, compared to 178 sales with a median of $484,250 in 2024. This confirms higher overall transaction volume in 2025 with pricing essentially flat year over year, reinforcing that increased activity was driven by participation and transaction mix rather than broad-based appreciation.
Summary
December 2025 closed out the year with stronger-than-typical seasonal sales volume and a median price shaped by mid-tier activity. While pricing moderated from December 2024, full-year results confirm a Pullman market that remains functional and active, with stable values and improved liquidity compared to the prior year. Buyer behavior continues to reflect affordability awareness rather than speculative momentum.