Low Mortgage Rates Keep Yakima Market Steady Despite Rising Home Prices

If you're in the market for a new home in Yakima you'll be paying more this year than last as home values increase in the valley. According to Cory Bemis, owner of Yakima's John L. Scott Real Estate the median home sales price is now at $366,111, a 3.13% increase from last year’s median price of 355,000.

A STABILIZING MARKET IN YAKIMA

Bemis says this shows a healthy appreciation in home values as the market continues to stabilize just before the slower winter months ahead.
In October, a total of 175 homes were sold in Yakima, marking a 6.7% increase from the 164 homes sold in October 2024.

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SO FAR SO GOOD

Year-to-date, Bemis says sales also experienced a significant boost, with 1,586 homes sold so far in 2025, a 10.5% rise from the 1,435 homes sold during the same period last year. As of November 3rd, mortgage rates for 30-year fixed-rate loans are averaging 6.34%, remaining steady from last month and down 0.75% from 7.09% a year ago, according to MortgageNewsDaily.com. This historically low rate environment has contributed to continued market stability and modest growth.

A HEALTHY OCTOBER

The overall Yakima residential market maintained "robust" activity throughout October. He says listings increased, along with both sales and prices. While the number of days on the market and the absorption rate held steady, the sold-to-list price ratio experienced a slight dip from 99% to 98%, marking the lowest point of the year but still lots of demand from local buyers.

HERE COMES THE WINTER MONTHS A SLOWER TIME

Experts anticipate a gradual slowdown in new listings as the winter months approach, with buyer activity expected to decrease by about 15% to 30% compared to peak months. Bemis says regardless, the market's stability, helped by favorable interest rates, suggests continued moderate growth into the coming months.