Yakima Real Estate Market Shows Steady Growth Amid Economic Shifts

Home values are on the rise after a busy summer in the Yakima real estate market.
According to Cory Bemis, owner of Yakima's John L. Scott Realty the median home sales price has reached $366,750, reflecting a 4.8% increase from the same time last year, when the median price was $350,000.

IT'S A STRONG MARKET DESPITE THE CHALLENGES

Bemis says in September, a total of 167 homes were sold in Yakima, marking a 2.5% rise from September 2024, when 163 homes changed hands.
Year-to-date sales figures also show strong sales, with 1,410 homes sold so far in 2025 — a 10.9% increase compared to 1,271 sales during the same period last year.

ARE YOU WATCHING THE RATES?

Many people are watching mortgage rates as they continue to make an impact on the real estate market. Bemis says as of October 7, the average 30-year fixed mortgage interest rate stands at 6.38%, according to MortgageNewsDaily.com.
That's slightly higher than September’s average of 6.29%, but still lower than the 6.62% rate recorded a year ago, providing some relief for potential buyers in Yakima.

STABILITY IN THE MARKET

Bemis says prices have remained stable over recent months, signaling a time of steady growth. As we move into the fall and winter months, the market is expected to slow down, with fewer homes listed for sale and some sellers opting to withdraw their listings for the holiday season. Bemis says that may be a good time for people to buy a home without intense competition. He says with the market transitioning into its quieter season, well-prepared buyers and sellers can maximize their success during this period of stability and opportunity.