Walla Walla, WA Housing Market
AI-powered market intelligence for the Walla Walla, WA metro area.
PropertyIQ Scores
Walla Walla, WA Market Analysis
Market Overview
Walla Walla’s housing market looks soft, with a PropertyIQ Score of 24/100. The score’s top drivers show mixed momentum: 12-month home value momentum is 4.44%, but 3-month home value momentum is -0.86%. Median days on market is 67 days, and 22.7% of listings have had a price cut. These figures suggest cooling demand. Against Washington state benchmarks, Walla Walla’s median home value of $420,341 is below the state average of $601,545, and its rent index of $1,509 is below the state average of $1,682. The local median household income of $72,212 is also below the state average of $94,952. The unemployment rate of 4.0% is lower than the state average of 5.2%, a relative bright spot.
The market has 286 homes for sale and a median days on market of 67 days. That pace, combined with a 22.7% price-cut share, points to a buyer-favorable environment rather than a hot seller’s market. While the lower median home value may look attractive compared with the state, the cooling 3-month momentum and low PropertyIQ score suggest that Walla Walla is currently a weak-to-moderate market rather than a high-growth one.
Key Trends
One trend is the divergence between annual and recent price momentum. The 12-month home value momentum of 4.44% indicates some gains over the past year, but the 3-month home value momentum of -0.86% shows recent cooling. The year-over-year home value change of $-3 reinforces that prices are essentially flat to slightly down in dollar terms.
A second trend is softening seller conditions. With 286 homes for sale, a median days on market of 67 days, and 22.7% of listings with a price cut, the data suggests that homes are taking longer to sell and that sellers are adjusting prices. More than one in five listings has had a price cut.
A third trend is relative affordability paired with lower incomes. The median home value of $420,341 is about $181,000 below the state average of $601,545, and the rent index of $1,509 is below the state average of $1,682. However, the median household income of $72,212 is about $22,740 below the state average of $94,952. That means lower housing costs are partly offset by lower local incomes.
A fourth trend is a relatively strong local labor market with a data gap. The unemployment rate of 4.0% is below the state average of 5.2%, which could support housing demand. However, population growth is listed as N/A, so the data does not show whether the area is gaining or losing potential households.
Who Is This Market For
This market may suit first-time buyers and budget-conscious owner-occupants who are looking for a lower purchase price than the Washington state average. The median home value of $420,341 and rent index of $1,509 are both below state benchmarks, which may help with affordability, though the local median household income of $72,212 is also below the state average. Slower conditions may also benefit buyers: 67 days on market and a 22.7% price-cut share suggest there is room to negotiate.
Move-up buyers may find opportunities in this slower environment, but the weak 3-month home value momentum of -0.86% and the low PropertyIQ score make it less attractive for those needing quick appreciation. Investors may see lower entry prices than the state average, but the rent index of $1,509 is below the state average of $1,682, and the recent negative momentum suggests near-term price risk. This market appears better suited to long-term buyers or value-oriented investors rather than short-term flippers.
Outlook
The near-term outlook for Walla Walla is cautious. The positive 12-month home value momentum of 4.44% shows some prior strength, but the negative 3-month momentum of -0.86%, the year-over-year home value change of $-3, and the 22.7% price-cut share all point to softening conditions. A median days on market of 67 days indicates a relatively slow pace. The unemployment rate of 4.0% is below the state average of 5.2%, which may help support demand, but the absence of population growth data leaves a key uncertainty. Based on the provided numbers, Walla Walla is likely to remain a lower-priced but soft market in the near term, with prices at risk of staying flat or edging lower if the recent 3-month negative momentum continues.
AI-generated analysis based on current market data. Last updated August 19, 2026.
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Walla Walla, WA market data
Walla Walla, WA Housing Market Overview
Walla Walla, WA's median home value is $420K, up 4.4% over the past year. Homes here sell in a median 67 days. Its PropertyIQ Score of 24 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
PropertyIQ tracks the Walla Walla, WA housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this WA market is set to perform against its state benchmark.
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, Walla Walla, WA's PropertyIQ Score of 24 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 Walla Walla, 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 4.4% over the past year.
Explore the interactive map to see how Walla Walla, WA compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Walla Walla, 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 Walla Walla, 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. Walla Walla, WA currently scores 24, 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 $420K, up 4.4% over the past year. So whether Walla Walla, 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 Walla Walla, WA?
Walla Walla, WA's PropertyIQ Score is 24, 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 24 places Walla Walla, WA below its state benchmark.
Are home prices in Walla Walla, WA rising or falling?
Home prices in Walla Walla, WA are rising. Over the past year, the median home value increased 4.4%, reaching $420K. Over the latest three months, values slipped 0.9%, 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 Walla Walla, 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 Walla Walla, WA?
In Walla Walla, WA, homes sell in a median of 67 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 23% 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 Walla Walla, 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.