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 July 01, 2021 to July 31, 2025.
Analysis from Justin Cofer
July 2025 recorded 24 closed single-family home sales in Pullman with a median sold price of $467,513. Compared to July 2024, which saw 20 sales with a median of $441,000, both sales volume and pricing improved year over year. The increase reflects steady summer demand and improved alignment between pricing and buyer affordability, even as mortgage rates remained restrictive. The higher median was supported by a healthier mix of mid-tier and upper-mid-tier transactions rather than aggressive appreciation. July’s performance suggests stabilization after early-summer softness and confirms that buyer demand remains present when pricing is realistic.
July Five-Year Comparison
• July 2021: 29 sales — $449,000
• July 2022: 30 sales — $467,000
• July 2023: 16 sales — $456,250
• July 2024: 20 sales — $441,000
• July 2025: 24 sales — $467,513
Market Interpretation & Context
Year-Over-Year Improvement:
July 2025 outperformed July 2024 in both sales volume and median price, indicating healthier summer absorption despite continued affordability pressure.
Median Price Context Matters:
The median returned to levels consistent with 2022 pricing, reflecting normalization rather than a renewed appreciation cycle.
Rate-Constrained Stability:
Buyers remained payment-sensitive but continued to transact where pricing met current affordability thresholds.
Mid-Tier Market Strength:
Sales activity concentrated in the middle of the market, supporting pricing without reliance on luxury closings.
Year-to-Date Perspective
Through the end of July, 2025 has recorded 135 closed single-family home sales with a median price of $485,000, compared to 116 sales with the same $485,000 median over the same period in 2024. This confirms that year-to-date transaction volume is meaningfully higher in 2025, while pricing has remained flat—reinforcing that increased activity has been driven by buyer participation and timing rather than appreciation.
Summary
July 2025 reinforces the broader post-Q1 narrative: sales activity in Pullman is running ahead of last year, but pricing remains disciplined and anchored by affordability. The market is not accelerating, but it is absorbing inventory more consistently than in 2024. YTD data confirms a healthier, more active market operating within tight payment constraints rather than one driven by upward price pressure.