Is College Place, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, College Place has remained a Seller's Market.
Housing Prices in College Place, WA
How much do homes in College Place, WA cost?
Median Sold Price
$419,000
$250/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in College Place was $419,000 in March 2024, up 2.9% from last year, and the median price per square foot was $250.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $260K | N/A |
2 Bedrooms | $337.5K | $305K | -9.6% |
3 Bedrooms | $399.5K | $390K | -2.4% |
4 Bedrooms | $430K | $499K | +16.0% |
5+ Bedrooms | $580K | $579K | -0.2% |
Summary: College Place housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.6%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 16%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Walla Walla | $402.6K | $428.5K | +6.4% |
College Place | $407.3K | $419K | +2.9% |
Walla Walla-College Place | $421.1K | $422.3K | 0.3% |
Housing Supply in College Place, WA
How many homes are available in College Place, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
28 | 29 | +3.6% |
Summary: The College Place real estate market had 29 homes for sale in March 2024, a 3.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 16 | 14 | -12.5% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The College Place housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in College Place in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for College Place, WA
How long does it take to sell a home in College Place, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 81 Days | +62.0% |
Summary: Homes in College Place had an average of 81 days on market in Mar 2024, up by 62% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in College Place; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.