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 September 01, 2021 to September 30, 2025.
Analysis from Justin Cofer
September 2025 recorded 10 closed single-family home sales in Pullman with a median sold price of $544,500. Compared to September 2024, which saw 13 sales with a median of $464,000, sales volume was modestly lower while pricing moved meaningfully higher. The elevated median was driven primarily by transaction mix rather than broad appreciation, with a higher share of upper-tier homes closing during the month. Buyer demand remained selective and payment-sensitive, but well-capitalized buyers continued to transact at higher price points, supporting pricing despite reduced overall volume.
September Five-Year Comparison
• September 2021: 21 sales — $409,000
• September 2022: 18 sales — $487,500
• September 2023: 6 sales — $460,500
• September 2024: 13 sales — $464,000
• September 2025: 10 sales — $544,500
Market Interpretation & Context
Small-Sample Month:
With only 10 closings, September 2025 is a low-volume month where transaction mix has an outsized impact on the median.
Upper-Tier Concentration:
A greater proportion of higher-priced transactions materially lifted the median relative to prior Septembers.
Rate-Constrained Selectivity:
Buyer participation remained disciplined, with activity concentrated among well-qualified purchasers rather than broad-based demand.
Composition Over Appreciation:
The higher median reflects mix rather than across-the-board price growth.
Year-to-Date Perspective
Through the end of September, 2025 has recorded 157 closed single-family home sales with a median price of $495,000, compared to 142 sales with a median of $485,000 over the same period in 2024. This confirms higher year-to-date transaction volume in 2025 with modestly higher pricing, driven primarily by timing and transaction composition rather than sustained appreciation pressure.
Summary
September 2025 reflects a Pullman market with selective buyer participation and an elevated median shaped by upper-tier activity. While monthly volume was lower, year-to-date results continue to show higher overall activity and stable-to-slightly-higher pricing compared to 2024. The data supports a market that remains functional and active, but increasingly segmented and affordability-driven rather than momentum-driven.