Yakima Home Sales Decline in January, Slowest Month in Nearly Three Years

Home prices were down in January in Yakima for the first time in months.
According to Cory Bemis, owner of Yakima's John L. Scott Real Estate the median home sales price in Yakima County for January was $342,500, marking a 6.8% decrease from $367,500 in January 2025.

RECORD HIGH PRICES

Despite the price dip, the median asking price reached a record high of $418,260, up more than $8,000 from last year, creating a significant gap between asking and sold prices. Home sales also slowed in January, with only 90 homes sold - a 13.5% decline from the 104 homes sold in January 2025. Bemis says that's the slowest month for sales in nearly three years, since early 2023.

SLOWEST SALES IN YEARS

Also Bemis says the average days on market surged to 110 days, the highest in nearly nine years, surpassing the previous high of 112 days in March 2017.
Mortgage rates as of February 10th averaged 6.11% for a 30-year fixed loan, slightly up from January but still notably lower than last year's 7.01%. This slight increase in interest rates may influence buyer activity moving forward.

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YOU ARE LOOKING FOR A LOWER PRICED HOME?

Bemis says while home prices are at historic highs, most buyers are purchasing lower-priced homes. He says this has widened the gap between asking prices and sale prices, which analysts predict may narrow as the spring market approaches. Experts say median sold prices could rebound toward the $367,000 range seen in 2025.

SO WHO ARE THE MARKET WINNERS?

In terms of market winners, buyers looking for homes above $450,000 have limited competition, with only 21 sales in January and 244 listings currently available.
He says sellers with homes priced below $350,000 are benefiting from high demand, with 33 sales in January and 125 listings on the market, making this a favorable segment for sellers.