Is Palouse, WA 99161 a buyer’s or seller’s market?
Palouse is a seller’s market. With about 0.7 months of supply and 15% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Palouse housing market right now
In the three months ending August 31, 2026, 15% of homes in Palouse, WA 99161 sold above their list price, the typical home went under contract in 36 days and there were 0.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (106 days then) and the median sale price rose 42% to $409,823. Overall, Palouse is more competitive than a year ago, so tougher for buyers.
Within Whitman County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell more often over asking than in 56%.
Nearby, buyers who want less competition could look at Saint John 99171 (0% sold over asking) or Garfield 99130 (0% sold over asking), while Oakesdale 99158 (50% sold over asking) and Lacrosse 99143 (25% sold over asking) are even more competitive.
Run the numbers for 99161
Nearby markets
Albion 99102 — /sq ftColfax 99111Balanced $184 /sq ftColton 99113Buyer’s market $170 /sq ftEndicott 99125Buyer’s market $87 /sq ft Browse all markets →Towns like Palouse nearby
Find towns like Palouse in other states →Where Palouse is
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Questions about Palouse real estate
Is Palouse a buyer’s or seller’s market?
A seller’s market: there were 0.7 months of supply in Palouse, WA 99161 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Palouse?
The typical home went under contract in 36 days in the latest three months.
Do homes in Palouse sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Palouse?
About 0.75% of a home’s value a year in Whitman County, or roughly $3,000 on a $400,000 home.
What is the median home price in Palouse?
The median sale price was $409,823 in the three months ending August 31, 2026, about $212 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology