2026-01 January Monthly Report

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 January 01, 2022 to January 31, 2026.

Analysis from Justin Cofer

January 2026 recorded 10 closed single-family home sales in Pullman with a median sold price of $562,000. Compared to January 2025, which saw 13 sales with a median of $530,000, sales volume declined seasonally while the median price increased year over year. As is typical for January, a limited number of closings resulted in greater pricing volatility, with the median influenced by a higher concentration of upper-tier transactions rather than broad-based appreciation across the market.

January Five-Year Comparison

January 2022: 8 sales — $355,700

January 2023: 5 sales — $428,000

January 2024: 9 sales — $499,000

January 2025: 13 sales — $530,000

January 2026: 10 sales — $562,000

Market Interpretation & Context

Small Sample Volatility:
January closings remain limited relative to peak selling months, which increases the impact of individual higher-priced transactions on the monthly median.

Upper-Tier Transaction Mix:
The elevated January 2026 median reflects a greater share of higher-end closings rather than a market-wide shift in pricing.

Seasonality Still Applies:
Despite year-over-year median growth, January activity continues to reflect normal seasonal patterns, with pricing trends expected to normalize as spring inventory and buyer participation increase.

Year-to-Date Perspective
January data provides an early snapshot rather than a definitive trend. For context, 2025 closed with 201 single-family home sales and a median sold price of $485,000, confirming stable annual pricing with improved transaction volume compared to 2024.

Summary

January 2026 opened with seasonally low sales volume and an elevated median price driven by transaction mix. While the monthly median increased compared to January 2025, broader market conditions remain consistent with a stable, functioning Pullman housing market where pricing trends are best evaluated over longer timeframes.