Quad Cities Quarterly Market Report - Q1 2025

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Quad Cities

Report

Latah • Whitman • Nez Perce • Asotin Market

Today’s Real Estate Market in the Quad Cities Region

Q1–2025 Market Summary

2024 is now in the books and we’ve seen some market changes arrive with 2025. Multiple factors contributed to a continued softening market including high interest rates, limited inventory, and recession fears.

In Latah County, closed transactions were notably up 16.2% from this same last year, with new listings also up by 39.5% compared to Q1 2024. In this same time frame, the median sales price showed a increase by 8.0% to $420,000, with average sales price also increasing by 10.9% to $443,956.

The Whitman County market however showed a decrease in the amount of new listings in comparison to Q1 2024, with 188 properties listed in the quarter. This was an decrease of 5.1% from last year, but a 5.0% increase from last quarter. Home sale prices have shown a increasing trend over the past year, raising by 2.5%% from Q1 2024 to a median home sale price of $405,000.

The Nez Perce County market saw a decrease in the amount closed sales, but an increase in new listings in relation to the previous year, with closed sales down at 3.7% with 79 properties sold in Q4 of 2024. The amount of new listings is up 11.0% from this same time last year. The median home sale price also notably increased by 0.6% to $385,000. The median days on market increased to 35 days, compared to 18 days in previous year.

The market west of the state line in Asotin County market saw a notable increase in closed sales, rising 37.8% from last year with 51 closed sales. There was also a strong increase in active listings, with 61 active listings at the time of this report, a 60.5% increase from last year.

Despite the varied performance across different regions, there are indications of increased activity continuing through 2025, accompanied by a surge in buyer inquiries. As we navigate into the new year we’ll continue to keep a close eye on interest rates along with inventory levels as the peak selling seasons end and we go into the 2025 spring market.

Latah County

What’s in the Latah County Data?

In Quarter 1 2025, Latah County median home prices were up 8.0% compared to last year and down 1.8% compared to last quarter, selling for a median price of $420,000. There were 43 homes sold in Q1 2025 this year, up from 37 at this same time last year.

On median, homes in Latah County sell after 38 days on the market, up 52.0% from this same time last year. There were 106 new listings to go live last quarter and there are a total of 62 active listings at the time of this report.

Latah County

Closed Sales

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Closed Sales is the number of properties sold.

Closed Sales By Price Range

As of 04/01/2025. Year-over-year comparison for Q1 2025 and Q1 2024. Closed Sales By Price Range is the number and percentage of properties sold in different price ranges.

Average and Median Sales Price

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower. Average Sales Price is the sum of the sold dollar volume divided by the number of units sold.

Median Days on Market

As of 04/01/2025. By

New Listings

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. New Listings is the number of properties listed regardless of current status.

Sale-to-List Price Ratio

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Sale-to-List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.

Q1-25

Supply and Demand

As of 04/01/2025. Year-over-year comparison of Closed Sales and Active Inventory for Q1 2025 and Q1 2024.

$0-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$399,999

$400,000-$499,999

$500,000+

Whitman County

What’s in the Whitman County Data?

In Quarter 1 2025, Whitman County median home prices were up 2.5% compared to last year and up 12.5% compared to last quarter, selling for a median price of $405,000. There were 93 homes sold in Q1 2025 this year, up from 59 at this same time last year.

On median, homes in Whitman County sell after 75 days on the market, up 102.7% from this same time last year. There were 188 new listings to go live last quarter and there are a total of 94 active listings at the time of this report.

Whitman County

Closed Sales

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Closed Sales is the number of properties sold.

Closed Sales By Price Range

As of 04/01/2025. Year-over-year comparison for Q1 2025 and Q1 2024. Closed Sales By Price Range is the number and percentage of

Average and Median Sales Price

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower. Average Sales Price is the sum of the sold dollar volume divided by the number of units sold.

Median Days on Market

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025.

when a

New Listings

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. New Listings is the number of properties listed regardless of current status.

Sale-to-List Price Ratio

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Sale-to-List Price Ratio is the average of sales price divided by the final list

Q1-25

Supply and Demand

As of 04/01/2025. Year-over-year comparison of Closed Sales and Active Inventory for Q1 2025 and Q1 2024.

$0-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$399,999

$400,000-$499,999

$500,000+ Totals

Mortgage Rates

Nez Perce County

What’s in the Nez Perce County Data?

In Quarter 1 2025, Nez Perce County median home prices were down 8.4% compared to last year and up 13.4% compared to last quarter, selling for a median price of $385,000. There were 79 homes sold in Q1 2025 this year, even from 82 at this same time last year.

On median, homes in Nez Perce County sell after 35 days on the market, up 1.6% from this same time last year. There were 131 new listings to go live last quarter and there are a total of 89 active listings at the time of this report.

Q1 2025 Market data

Nez Perce County

At a Glance

$385,000 79 35

Closed Sales

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Closed Sales is the number of properties sold.

Closed Sales By Price Range

As of 04/01/2025. Year-over-year comparison for Q1 2025 and Q1 2024. Closed Sales By Price Range is the number and percentage of

sold in

Average and Median Sales Price

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower. Average Sales Price is the sum of the sold dollar volume divided by the number of units sold.

Median Days on Market

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025.

between when a

New Listings

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. New Listings is the number of properties listed regardless of current status.

Sale-to-List Price Ratio

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Sale-to-List Price Ratio is the average of sales price

by the

Supply and Demand

As of 04/01/2025. Year-over-year comparison of Closed Sales and Active Inventory for Q1 2025 and Q1 2024.

$0-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$399,999

$400,000-$499,999

$500,000+

Totals

Asotin County

What’s in the Asotin County Data?

In Quarter 1 2025, Asotin County median home prices were up 11.4% compared to last year and up 4.9% compared to last quarter, selling for a median price of $339,900. There were 51 homes sold in Q1 2025 this year, up from 37 at this same time last year.

On median, homes in Asotin County sell after 55 days on the market, up 175.0% from this same time last year. There were 106 new listings to go live last quarter and there are a total of 61 active listings at the time of this report.

Asotin County

At a Glance

Closed Sales

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Closed Sales is the number of properties sold.

Closed Sales By Price Range

As of 04/01/2025. Year-over-year comparison for Q1 2025 and Q1 2024. Closed Sales By Price Range is the number and percentage of

in

Average and Median Sales Price

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Median Sales Price is the mid-point (median) value where the price for half of the closed sales is higher and half is lower. Average Sales Price is the sum of the sold dollar volume divided by the number of units sold.

Median Days on Market

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025.

between when a

is listed and the contract date.

New Listings

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. New Listings is the number of properties listed regardless of current status.

Sale-to-List Price Ratio

As of 04/01/2025. By quarter dating from Q1 2020 to Q1 2025. Sale-to-List Price Ratio is the average of sales price divided by the final list price expressed as a percentage.

Supply and Demand

As of 04/01/2025. Year-over-year comparison of Closed Sales and Active Inventory for Q1 2025 and Q1 2024.

$0-$199,999

$200,000-$249,999

$250,000-$299,999

$300,000-$399,999

$400,000-$499,999

$500,000+

Totals

Mortgage Rates

Quarterly 30-year fixed mortgage rates dating from January 2020 to the week ending Thursday, March 27, 2025.

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