Moses Lake, WA Housing Market
AI-powered market intelligence for the Moses Lake, WA metro area.
PropertyIQ Scores
Moses Lake, WA Market Analysis
Market Overview
Moses Lake’s PropertyIQ Score of 36 out of 100 indicates a relatively soft housing market compared with state benchmarks. The score’s top drivers show mixed signals: home value momentum over the past 12 months is positive at 3.64%, but the three-month momentum is negative at -0.48%, suggesting recent price strength has stalled. Median days on market is 68 days, and 19.0% of listings have had a price cut, both pointing to slower conditions and some seller concessions.
Compared with state averages, Moses Lake offers lower price points. The median home value is $363,092, well below the Washington state average of $601,545. The rent index is $1,490, also below the state average of $1,682. However, the median household income is $71,115, below the state average of $94,952, so lower housing costs partly reflect lower local incomes. The unemployment rate matches the state average at 5.2%. The year-over-year home value change is $-1, essentially flat. Population growth data is not available.
Overall, the market appears moderate to weak: lower home values may attract cost-conscious buyers, but the low PropertyIQ score and cooling momentum suggest limited near-term appreciation pressure.
Key Trends
The first trend is cooling price momentum. The 12-month home value momentum of 3.64% shows some prior appreciation, but the three-month momentum of -0.48% and a year-over-year change of $-1 indicate that price growth has flattened or slightly reversed in the near term.
A second trend is rising buyer leverage from inventory and time on market. Moses Lake has 470 homes for sale, and the median days on market is 68 days. With 19.0% of listings reporting a price cut, sellers are adjusting to attract buyers, which points to a market where buyers may have more room to negotiate.
A third trend is relative affordability compared with the state. The median home value of $363,092 is roughly 40% below the state average of $601,545. The median home value is about 5.1 times median household income, while at the state level the ratio is about 6.3 times. That suggests Moses Lake is comparatively more attainable, although lower local incomes remain a limiting factor.
A fourth trend is a lower-cost rental market. The rent index of $1,490 is below the state average of $1,682, consistent with the lower home values. Population growth is not available in the provided data, so demographic-driven demand trends cannot be evaluated.
Who Is This Market For
This market may suit first-time buyers and budget-conscious households. The median home value of $363,092 and the lower price-to-income ratio relative to the state make entry more accessible than in many higher-cost Washington markets, though local incomes are also lower. With a median days on market of 68 days and 19.0% of listings with price cuts, buyers may have time and negotiating power.
For buy-and-hold investors, the rent index of $1,490 and lower purchase prices could be a draw, but the flat year-over-year home value and negative three-month momentum suggest that appreciation may be limited in the near term. This is likely less attractive for short-term flippers or investors seeking rapid equity gains. Move-up buyers may find value relative to the state average, but selling an existing home could take longer given current market conditions. The data suggests the market is better suited to long-term, cash-flow-focused or affordability-focused buyers rather than momentum-driven investors.
Outlook
The available metrics point to a cautious near-term outlook. The negative three-month home value momentum of -0.48% and the essentially flat year-over-year change of $-1 do not signal renewed price growth. At the same time, 470 homes for sale, a median of 68 days on market, and a 19.0% share of listings with price cuts suggest buyers currently hold meaningful leverage. The 12-month momentum of 3.64% shows there was some earlier strength, but the more recent trend is weaker. Without population growth data, the demand-side picture is incomplete. Based on the provided numbers, Moses Lake appears likely to remain a moderate to soft market unless price momentum shifts back to positive and inventory is absorbed more quickly.
AI-generated analysis based on current market data. Last updated August 31, 2026.
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Moses Lake, WA market data
Moses Lake, WA Housing Market Overview
Moses Lake, WA's median home value is $363K, up 3.6% over the past year. Homes here sell in a median 68 days. Its PropertyIQ Score of 36 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Moses Lake, WA area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across WA and every other US state.
Pacific Coast housing markets feature the nation's highest price points alongside strong wage growth from technology, entertainment, and trade sectors. Supply constraints from geographic barriers and regulatory environments create persistent affordability challenges but also strong long-term appreciation potential. Within the Pacific, Moses Lake, WA's PropertyIQ Score of 36 runs below the Pacific norm.
Washington state's housing market is heavily influenced by Seattle's tech economy, with Amazon, Microsoft, and Boeing employment driving both price appreciation and demand volatility as hiring cycles fluctuate.
For the Moses Lake, WA market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 3.6% over the past year.
Use PropertyIQ's interactive analytics to compare Moses Lake, WA against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Moses Lake, WA metro area
ZIP codes in the Moses Lake, WA metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Moses Lake, WA a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Moses Lake, WA currently scores 36, a weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $363K, up 3.6% over the past year. So whether Moses Lake, WA is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Moses Lake, WA?
Moses Lake, WA's PropertyIQ Score is 36, indicating weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 36 places Moses Lake, WA below its state benchmark.
Are home prices in Moses Lake, WA rising or falling?
Home prices in Moses Lake, WA are rising. Over the past year, the median home value increased 3.6%, reaching $363K. Over the latest three months, values slipped 0.5%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Moses Lake, WA's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Moses Lake, WA?
In Moses Lake, WA, homes sell in a median of 68 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 19% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Moses Lake, WA market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.