🏡 Is the Pullman Housing Market Cooling Down or Heating Up?

🏡 Is the Pullman Housing Market Cooling Down or Heating Up?

The real estate buzz in Pullman, WA is real but which way is the market actually heading? Whether you're thinking of buying, selling, or investing, it's important to know if Pullman is a hot market or starting to slow.

Let’s break down the current housing trends and what they mean for you 👇

📈 1. Home Prices in Pullman: Trending Up or Stabilizing?

Over the past few years, Pullman saw a steady increase in home values driven by:

• Low inventory

• Rising demand from WSU staff, students’ families, and investors

• Remote workers relocating for quality of life

📊 As of mid-2025:

• Median home price hovers around $425,000

• Prices are holding steady not skyrocketing, but not falling either

• Some homes are staying on the market longer, depending on location and condition

💡 Verdict: Slight stabilization, but no major drop in value.

🕰️ 2. Average Days on Market: A Subtle Shift

During peak seasons (spring/summer), homes in Pullman used to fly off the market in under 10 days.

In 2025, we’re seeing:

• Some homes sell in under 2 weeks especially near WSU

• Others linger 30+ days particularly at higher price points

📉 Slower pace = more negotiation room for buyers

🧑‍🎓 3. WSU’s Impact on Housing Demand

As Washington State University continues to grow, it brings:

• New faculty and staff

• Out of town students (and their parents, many of whom buy instead of rent)

• Ongoing rental demand in surrounding neighborhoods

🎓 This steady stream of people keeps Pullman’s market resilient, even in national slowdowns.

🔨 4. New Construction & Inventory

Limited space + zoning constraints mean Pullman doesn’t have massive new subdivisions like larger cities.

Right now:

• New builds are slow but ongoing in select neighborhoods

• Buyers have limited choices especially under $400K

• Renovated homes and turnkey properties still get multiple offers

🚧 Supply remains tight, which props up demand and prices.

🏦 5. Mortgage Rates + Affordability

Higher interest rates nationwide have cooled some buyers’ urgency, but...

✅ Pullman still feels affordable compared to bigger WA cities
✅ Local lenders offer creative financing options
✅ Buyers are recalibrating expectations not exiting the market

📌 Affordability remains a concern, but the market is adapting not crashing.

🧠 Final Thoughts: Pullman Market Outlook

So, is Pullman cooling down or heating up?

🏡 What This Means for You:

If you're a seller:
Now is still a strong time to list especially if your home is move in ready and priced right.

If you're a buyer:
There’s more time to shop, negotiate, and make confident decisions. The key is working with someone who knows the market block-by-block.

👉 Let’s talk if you're thinking of buying or selling in Pullman.
As a local real estate agent, I can help you interpret the numbers and make the right move cooling trend or not.