Othello, WA Housing Market
AI-powered market intelligence for the Othello, WA metro area.
PropertyIQ Scores
Othello, WA Market Analysis
Market Overview
Othello, WA presents a weak housing market according to the PropertyIQ Score of 3 out of 100. This score positions the market toward the low end of the performance spectrum, especially when compared with Washington state benchmarks. The median home value in Othello is $312,228, which is roughly 48 percent below the state average of $601,545. The rent index is $901, about 46 percent below the state average of $1,682. Meanwhile, the median household income is $65,042, about 31 percent below the state average of $94,952. The unemployment rate is 5.2 percent, matching the state average exactly.
The top score drivers help explain the weak overall reading. Home value momentum over 12 months is 2.40 percent, but the 3-month momentum is -0.49 percent, indicating that recent price movement has turned slightly negative. The median days on market is 132 days, and 17.8 percent of listings have had a price cut. The year-over-year home value change is -$1, effectively flat. With 53 homes for sale, these conditions suggest a slow-moving market where sellers face limited urgency from buyers and pricing power is constrained. Population growth data is not available, which limits a fuller demographic assessment.
Key Trends
Price movement is flat to slightly negative. The median home value of $312,228 remains far below the state average, and the year-over-year change of -$1 suggests no meaningful annual appreciation. The 12-month momentum of 2.40 percent is modest, and the 3-month momentum of -0.49 percent points to softening into the immediate term. Together these figures indicate a market that is not gaining price momentum.
Market speed is slow. Median days on market is 132 days, meaning homes typically take more than four months to sell. Additionally, 17.8 percent of listings have had a price cut, which shows that sellers are adjusting to attract buyers. With 53 homes for sale, the inventory level combined with long marketing times suggests that demand is not absorbing listings quickly.
Affordability is better relative to the state, but local incomes are lower. Othello’s median home value is $312,228, and its median household income is $65,042. This produces a home price-to-income ratio of about 4.8. The state ratio is about 6.3 using the state median home value of $601,545 and state median household income of $94,952. So homes are more affordable relative to local income than the state average, but absolute income levels remain well below the state benchmark.
The rental market is deeply discounted. The rent index of $901 is roughly 46 percent lower than the state average of $1,682. This may reflect lower local income levels and a different rental demand profile. It also means the rental market does not offer the same revenue scale as higher-cost Washington markets.
Who Is This Market For
This market may be best suited for budget-conscious first-time homebuyers and local owner-occupants who can find a lower-priced entry point relative to much of Washington. The median home value of $312,228 is well below the state average of $601,545, and the price-to-income ratio is more favorable than the state ratio. However, the median household income of $65,042 may still limit how far buyers can stretch, especially with mortgage rates not included in this data.
Long-term investors seeking slow, stable cash flow might find a lower purchase price, but the rent index of $901 is modest and home value momentum is weak. The 3-month momentum of -0.49 percent, flat year-over-year change of -$1, and 132 days on market suggest limited short-term appreciation potential. Investors focused on flipping or quick price growth would likely find this market unattractive. Move-up buyers may also face challenges because selling an existing home could take longer and may require price cuts, with 17.8 percent of listings already reducing prices.
Outlook
The data points toward a continuation of soft, buyer-friendly conditions in Othello. The 3-month home value momentum of -0.49 percent and flat year-over-year change of -$1 suggest that prices are unlikely to rise meaningfully in the immediate future. Median days on market of 132 days and a 17.8 percent share of listings with price cuts indicate that sellers may need to remain flexible on pricing and timing. The unemployment rate of 5.2 percent matches the state average, providing some stability, but the median household income of $65,042 remains well below the state average of $94,952, which could keep demand modest. The absence of population growth data leaves a gap in the outlook, and no data provided here suggests a near-term catalyst for stronger price appreciation. Overall, the market is likely to remain slow and price-competitive unless broader demand or economic conditions shift.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Othello, WA market data
Othello, WA Housing Market Overview
Othello, WA's median home value is $312K, up 2.4% over the past year. Homes here sell in a median 132 days. Its PropertyIQ Score of 3 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
Understanding the Othello, WA housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this WA metro is set to perform relative to the rest of its 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, Othello, WA's PropertyIQ Score of 3 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 Othello, 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 2.4% over the past year.
View Othello, WA's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
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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 Othello, 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. Othello, WA currently scores 3, a very 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 $312K, up 2.4% over the past year. So whether Othello, 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 Othello, WA?
Othello, WA's PropertyIQ Score is 3, indicating very 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 3 places Othello, WA below its state benchmark.
Are home prices in Othello, WA rising or falling?
Home prices in Othello, WA are rising. Over the past year, the median home value increased 2.4%, reaching $312K. 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 Othello, 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 Othello, WA?
In Othello, WA, homes sell in a median of 132 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 18% 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 Othello, 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.