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 October 01, 2021 to October 31, 2025.
Analysis from Justin Cofer
October 2025 recorded 9 closed single-family home sales in Pullman with a median sold price of $397,500. Compared to October 2024, which saw 14 sales with a median of $474,900, both sales volume and pricing declined year over year. This softening reflects seasonal cooling combined with sustained affordability constraints, particularly for move-up buyers. Unlike prior months where upper-tier transactions lifted the median, October 2025 activity was concentrated more heavily in the lower and mid-tier segments, pulling the median down despite continued buyer participation. The data points to selectivity rather than disengagement, with buyers remaining active but unwilling to stretch pricing at current mortgage rates.
October Five-Year Comparison
• October 2021: 17 sales — $400,000
• October 2022: 10 sales — $422,500
• October 2023: 11 sales — $545,000
• October 2024: 14 sales — $474,900
• October 2025: 9 sales — $397,500
Market Interpretation & Context
Seasonal Slowdown:
October historically brings reduced activity, and 2025 followed that pattern with fewer discretionary buyers entering the market.
Median Price Context Matters:
The lower median reflects transaction mix rather than broad value erosion, with fewer upper-tier sales than prior Octobers.
Rate-Constrained Behavior:
Buyers remained payment-sensitive, prioritizing affordability over size or amenities.
Not Broad Appreciation:
Pricing outcomes were driven by composition and seasonality, not a market-wide reset.
Year-to-Date Perspective
Through the end of October, 2025 has recorded 166 closed single-family home sales with a median price of $488,500, compared to 156 sales with a median of $485,000 over the same period in 2024. This confirms that year-to-date sales activity remains higher in 2025, while pricing has held essentially flat to slightly higher, reinforcing a pattern of increased participation without sustained appreciation pressure.
Summary
October 2025 reflects a Pullman market moving into a seasonal slowdown, with lower monthly volume and a softer median driven by transaction mix rather than weakening fundamentals. Year-to-date results continue to show higher overall activity compared to 2024, with pricing stability maintained despite affordability headwinds. The data supports a market that remains functional and selective rather than one experiencing broad-based decline.