Is the Pullman Housing Market Cooling Down or Heating Up?

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

The Pullman, WA real estate market has been a hot topic over the past few years. With Washington State University influencing demand and national housing trends impacting affordability, buyers and sellers want to know: Is the Pullman housing market cooling off or getting hotter?

Let’s take a closer look at the trends shaping Pullman’s housing market right now.

📈 1. Home Prices: Stabilizing After Big Gains

Pullman saw steady appreciation in recent years, driven by low inventory and strong demand from WSU faculty, students’ families, and investors.

• Current median home price (2025): ~$425,000

• Prices have plateaued compared to the rapid gains of previous years

• Well-maintained homes still attract multiple offers, but bidding wars are less common

✅ Takeaway: The market isn’t crashing it’s balancing.

⏳ 2. Days on Market Are Increasing Slightly

In 2022–2023, homes in Pullman could sell in under a week. Today:

• Hot homes near WSU still move in 7–14 days

• Larger or higher-priced homes may sit 30+ days

📌 What this means: Buyers now have more breathing room, and sellers need smart pricing strategies.

🎓 3. WSU Keeps Demand Strong

Pullman is a unique market thanks to Washington State University, which fuels steady housing demand:

• Faculty and staff relocation

• Parents buying homes for students instead of renting

• Consistent rental market for investors

🎯 Even when national markets slow down, WSU helps keep Pullman stable.

🏗️ 4. Inventory Remains Tight

New construction is limited in Pullman due to space and zoning, meaning:

• Buyers have fewer choices

• Renovated homes remain highly desirable

• Entry-level homes are in high demand

✔ Low supply = price stability, even when buyer activity cools.

🏦 5. Interest Rates & Affordability

Higher mortgage rates have slowed urgency, but Pullman remains affordable compared to big Washington cities. Many buyers are adjusting budgets instead of walking away.

✅ Bottom Line: Neither Hot Nor Cold Just Balanced

The Pullman market isn’t heating up like 2021, but it’s far from cold. Here’s the current snapshot:

🏡 What This Means for You

• Sellers: It’s still a good time to list, just price realistically.

• Buyers: You have more time to decide, and opportunities to negotiate are better than before.

📌 Local knowledge matters more than ever.

👉 Thinking about buying or selling in Pullman? Let’s talk. I’ll give you a custom market analysis and strategies to help you win in today’s balanced market.