Palouse Housing Market Report February 2025•Whitman County, Washington

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Housing Prices in Palouse, WA

How much do homes in Palouse, WA cost?

Housing Market Conditions

Is Palouse, WA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Palouse is a Buyer's Market

Difference Since January 2025

Last month, Palouse has remained a Buyer's Market.

Insight

Palouse is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$725,000$191/SqFt
+$310,000
+74.7%

Based on all homes sold in February 2025

Insight

Homes in Palouse have sold for 74.7% more than they did a month ago.

Summary: The median home sold price in Palouse was $725,000 in February 2025, up 74.7% from last month, and the median price per square foot was $191.

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2025Feb 2025Change MoM
1--
N/A
2--
N/A
3$415K$725K
+74.7%
4--
N/A
5--
N/A

Summary: Palouse housing price by bedroom type for February 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes did not change. The home price for 3 bedroom homes increased by +74.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Palouse, WA

How many homes are available in Palouse, WA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
8Last MonthFeb 2025
82 months agoJan 2025
0.0 %
Change MoMJan – Feb

Summary: The Palouse real estate market had 8 homes for sale in Feb 2025, the same as Jan 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
1Last MonthFeb 2025
12 months agoJan 2025
0.0 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
223
+50.0%
343
-25.0%
422
0.0%
500
0.0%

Summary: Palouse housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes decreased by -25.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Palouse, WA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Palouse, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Palouse in February 2025, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Palouse, WA

How long does it take to sell a home in Palouse, WA?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Most homes in Palouse are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 1 homes were sold in Palouse; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
232 DaysLast MonthFeb 2025
265 Days1 month agoJan 2025
-12.5 %
Change MoMJan – Feb

Summary: Homes in Palouse had an average listing age of 232 days in Feb 2025, down by 12.5% compared to the previous month.

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Newest Listings in Palouse, WA

What homes are available in Palouse, WA?

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Nearby markets aren't available for Palouse, WA

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MLS Disclaimers and Copyright

Based on information from Pacific Regional MLS, and Spokane Association of REALTORS® MLS for the period 01/01/2025 - 03/01/2025

© 2025 Pacific Regional MLS (PACMLS). All rights reserved. All information herein is provided by third parties and is deemed generally reliable, but is not guaranteed and should be independently verified. Measurements and other detailed information are assumed approximate only. The PACMLS shall not be liable in any way to any party for any inaccuracies, errors or omissions in the material and information provided herein, or any resulting claims, whether for delays or damages, or otherwise. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 2:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Spokane Association of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

Broker Reciprocity The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2025 Spokane Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 2:10:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.