08/28/2026
Moses Lake Residential Market: July 2025 vs. July 2026
Key Metric July 2025 July 2026 Change
New Listings 102 75 ▼ 26.5%
Pending Sales 59 53 ▼ 10.2%
Closed Sales 49 47 ▼ 4.1%
Days on Market 37 50 ▲ 35.1%
Median Sales Price $349,000 $365,000 ▲ 4.6%
Average Sales Price $437,705 $464,675 ▲ 6.2%
% of List Price Received 99.4% 98.3%▼ 1.1%
Homes for Sale 247 238 ▼ 3.6%
Months of Inventory 5.9 5.1 ▼ 13.6%
The big story is that 2026 is showing a slower, more selective market—not a collapsing market. The most important thing I see is the combination of fewer transactions and higher prices:
New listings dropped dramatically: 102 → 75, a 26.5% decrease.
Pending sales declined: 59 → 53 (10.2%).
Closed sales were only slightly lower: 49 → 47 (4.1%).
Homes are taking longer to sell: 37 → 50 days, an increase of nearly two weeks.
Yet the median price increased 4.6%, from $349,000 to $365,000.
The average price rose 6.2%, from $437,705 to $464,675.
Buyers are negotiating a little more: sellers received 98.3% of list price, compared with 99.4% in 2025.
So, buyers have gained some negotiating power, but sellers are not experiencing a major price decline.
Year-to-Date: 2025 vs. 2026
The YTD numbers are arguably more useful than one month's results.
Key Metric Thru July 2025 Thru July 2026 Change
New Listings 552 511 ▼ 7.4%
Pending Sales 345 328 ▼ 4.9%
Closed Sales 307 301 ▼ 2.0%
Days on Market 55 65 ▲ 18.2%
Median Sales Price $364,000 $366,300 ▲ 0.6%
Average Sales Price $418,208 $394,377 ▼ 5.7%
% of List Price Received 99.0% 98.7% ▼ 0.3%
What jumps out from the YTD numbers is that the median price is essentially flat: $364,000 → $366,300 = only +0.6%
That's important. July itself looks relatively strong on price, but the year-to-date picture says Moses Lake home prices have been remarkably stable rather than rapidly appreciating. At the same time: Sales volume is down, but only modestly: closed sales -2.0%.
New listings are down 7.4%.
Homes are taking 18.2% longer to sell.
The average sales price is down 5.7%, which suggests the mix of homes selling in 2026 is different from 2025. I would put considerably more emphasis on the median than the average for describing the overall market.
I'd characterize the July 2026 Moses Lake residential market as:
A balanced-to-slightly buyer-favorable market with stable prices, reduced sales activity, fewer new listings, and longer marketing times.
The interesting part is that inventory isn't exploding. There were 247 homes for sale in July 2025 versus 238 in July 2026. That's actually 3.6% fewer homes available.
And months of supply is reported at 5.1 months, down from 5.9 months.
That tells me the slower market isn't primarily because there are suddenly too many homes. There are fewer homes coming onto the market, but buyers are moving more slowly and taking longer to make decisions.
Sellers still have a market where properly priced homes can sell, but pricing accurately matters more than it did in 2025.
The drop from 99.4% to 98.3% of list price received is a good indicator that buyers have a little more leverage.
Buyers have more breathing room than they did in 2025:
50 days on market vs. 37
98.3% of list price received
fewer competing sales, more time to negotiate
But I wouldn't describe it as a buyer's market where prices are falling apart. The $365,000 July median is actually 4.6% higher than July 2025.
Moses Lake's 2026 housing market is showing signs of slowing activity rather than falling prices: homes are taking longer to sell and buyers have gained some negotiating power, while the median home price remains stable and July's median price increased 4.6% over last year.
