Some Basin markets up, some down since 2024

MOSES LAKE — Median home sale prices changed from community to community around the Columbia Basin over the last year, according to the real estate website Redfin. 

In the Basin’s biggest community, Moses Lake, the median price of a home was $329,990 in July, according to Redfin’s data. That represents a drop of 7.4% from last July. Othello saw an increase of 7.6% to $360,000, and Warden’s median price was $371,000, a year-over-year increase of 12.3%. Ephrata’s median sale price was up 27.2% to $355,000, and Quincy’s was down 24.4% to $356,376. The median home price in Soap Lake was $261,000, a decrease of 19.2%. The median home sale price statewide was $648,300, less than half a percentage point lower than a year ago. 

Home sales in the Basin were slower in July 2025 over July 2024, according to Redfin’s data. The median time on the market in Moses Lake was 47 days, 8 days longer than in July 2024. Homes in Quincy stayed on the market an average of 63 days, which was 41 more than a year ago, and in Ephrata the median days on the market was 116, an increase of 82 days. Othello homes spent an average of 52 days on the market, while in Soap Lake the figure was 34.5 days; no data was available from 2024 for comparison. The median days on market for Washington state was 23, an increase of six days. 

The laws of supply and demand came into play over the last year, with 27.7% of homes selling above list price compared to 38.6% whose price had to be lowered to sell. In Moses Lake,  

20% of homes sold above list price, while 36.6% sold below. In Ephrata, 17.6% went above list, and 13.9% below. Figures were not available for Othello, Soap Lake, Quincy or Warden.