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 March 01, 2021 to March 31, 2025.
Analysis from Justin Cofer
March 2025 recorded 28 closed single-family home sales in Pullman with a median sold price of $504,125, making it the most active March in the past five years by a wide margin. Sales volume more than doubled the March totals seen in both 2023 and 2024, confirming that early-year demand remained elevated as the market moved closer to the traditional spring season. While the median price came in below the 2023 outlier, that earlier figure was driven by a small, higher-end sample. March 2025’s median is supported by a substantially larger number of transactions, making it a more reliable indicator of overall market conditions. The data reflects sustained, rate-sensitive demand rather than broad-based appreciation.
March Five-Year Comparison
• March 2021: 15 sales — $381,000
• March 2022: 25 sales — $450,000
• March 2023: 12 sales — $577,500
• March 2024: 12 sales — $433,000
• March 2025: 28 sales — $504,125
Market Interpretation & Context
Sales Volume Breakout:
March 2025 posted the highest March sales count in at least five years, confirming that buyer participation remained strong beyond the winter months and carried into the early spring market.
Median Price Context Matters:
Although not the highest median on record, March 2025’s pricing is more statistically meaningful than March 2023 due to more than double the number of transactions supporting the median.
Rate-Driven Timing:
Buyers continued to act during a period of mortgage rate volatility, accelerating purchases ahead of anticipated rate movement later in the year.
Composition Over Appreciation:
The elevated median reflects a balanced mix of mid-tier and upper-tier closings rather than uniform price escalation across all segments.
Summary
March 2025 stands out as an exceptionally strong early-spring month for Pullman, posting the highest March sales volume in five years with a median price well above long-term March norms. The data reinforces the broader Q1 2025 narrative: accelerated, rate-driven demand with pricing shaped by transaction mix rather than speculative appreciation.