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Featured local agent — College Place, WA
Sarah Mitchell
Compass Real Estate · College Place, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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College Place, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$395,000median sale price
How is the College Place, WA housing market right now?
The median home sale price in College Place, WA is $395,000, down 10.2% year-over-year. Homes sell in an average of 42 days with 53 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is College Place a buyer's or seller's market?
College Place, WA is currently a leaning buyer's, based on 5.9 months of supply and homes selling in about 42 days. How we determine this →
Homes sold
9
Last 12 weeks
Days on market
42
Average pace
Active listings
53
5.9 months supply
Sale-to-list
99.0%
Below asking
What does the College Place housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $395,000 |
| Median list price | $582,500 |
| Year-over-year price change | -10.2% |
| Average days on market | 42 days |
| Active inventory | 53 listings |
| Months of supply | 5.9 months |
| Sale-to-list price ratio | 99.0% |
| Median price per sq ft | $253/sq ft |
| Homes sold (latest month) | 9 |
| New listings (latest month) | 15 |
| Listings with a price cut | 43.4% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in College Place by property type?
How the College Place, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $395,000 | $253/sq ft | 9 | 42 days |
| Condo / Co-op | $340,000 | $260/sq ft | 1 | 141 days |
| Townhouse | $347,000 | $292/sq ft | 1 | 93 days |
Source: Redfin · Updated monthly
The College Place housing market is currently classified as a leaning buyer's with a median sale price of $395,000. Prices have fallen 10.2% compared to last year, with homes spending an average of 42 days on market, indicating 5.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.9x provides context for how home values compare to local earning capacity.
Homes for sale in College Place
There are currently 53 homes listed for sale in College Place, Washington. The median listing price is $583K.
Active listings
53
Homes on market
Median list price
$583K
Avg. days on market
42
Days until sale
New this week
15
Newly listed
Who lives in College Place?
Population
9,828
Median income
$59,768/yr
Median age
29.9 years
Owner-occupied
64.8%
College grads
35.7%
Avg commute
13.2 min
Source: U.S. Census Bureau ACS
What are homes worth in College Place?
Zillow home value
$412,025
Zillow rent index
$1,434/mo
Price-to-rent ratio
23.9x
Price-to-income
6.9x
Source: Zillow Research
What is it like to live in College Place?
College Place is a community of approximately 10K residents with a median age of 29.9 years.The median household income is $59,768, which represents a working-class community with solid middle-income opportunities. 35.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.8%, showing a blend of owner and renter-occupied properties. The average commute time is 13.2 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, College Place offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve College Place?
4 schools tracked · 1,537 students
The largest public schools serving College Place, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Davis Elementary
Grades PK-5 · 706 students
College Place High School
Grades 9-12 · 468 students
John Sager Middle School
Grades 6-8 · 349 students
College Place Open Doors Program
Grades 9-12 · 14 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near College Place, WA?
Want a head-to-head view? Compare College Place side-by-side with any other U.S. city using our market-comparison tool.
Is College Place a good real estate investment market?
For investors evaluating College Place, the price-to-rent ratio of 23.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 10.2% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on College Place's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using College Place's median home price.
Frequently asked questions
What is the average home price in College Place?
The median home sale price in College Place is $395,000, down 10.2% from last year.
How long do homes stay on market in College Place?
Homes typically spend 42 days on market before going under contract.
What is the median income in College Place?
The median household income is $59,768 per year.
Is College Place a buyer's or seller's market?
With 5.9 months of supply, College Place is currently a leaning buyer's.
What is the Zillow home value estimate for College Place?
The Zillow Home Value Index (ZHVI) for College Place is $412,025, representing the typical home value in the area.
What is the median condo price in College Place?
The median condo/co-op sale price in College Place, WA is $340,000, compared to $395,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in College Place?
The median single-family home price in College Place, WA is $395,000 (about $253 per square foot).
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