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 November 01, 2021 to November 30, 2025.
Analysis from Justin Cofer
November 2025 recorded 15 closed single-family home sales in Pullman with a median sold price of $575,000. Compared to November 2024, which saw 14 sales with a median of $470,125, sales volume was essentially flat while pricing moved materially higher year over year. The increase in the 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-positioned purchasers continued to transact at higher price points, supporting the elevated median despite seasonal constraints.
November Five-Year Comparison
• November 2021: 12 sales — $422,022
• November 2022: 15 sales — $434,022
• November 2023: 16 sales — $505,000
• November 2024: 14 sales — $470,125
• November 2025: 15 sales — $575,000
Market Interpretation & Context
Flat Year-Over-Year Volume:
November 2025 sales matched closely with November 2024, indicating stable late-year absorption rather than contraction.
Upper-Tier Skew:
A greater concentration of higher-priced transactions lifted the median well above prior Novembers.
Rate-Constrained Selectivity:
Buyer participation remained disciplined, with activity concentrated among well-qualified purchasers rather than broad market demand.
Composition Over Appreciation:
The elevated median reflects transaction mix, not across-the-board price escalation.
Year-to-Date Perspective
Through the end of November, 2025 has recorded 181 closed single-family home sales with a median price of $495,000, compared to 170 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 participation and transaction composition rather than sustained appreciation.
Summary
November 2025 reflects a Pullman market with stable sales volume and a higher median driven by upper-tier activity. While seasonal conditions limited overall participation, year-to-date data continues to show stronger overall activity than 2024 with pricing holding firm. The market remains functional, selective, and affordability-constrained rather than momentum-driven.