Home values fluctuate year-over-year across Basin

MOSES LAKE — Home prices were up in three Basin communities in December from a year earlier, according to real estate website Redfin. 

Moses Lake’s median home price was just over $366,000 in December 2025, an increase of 8.7% from December 2024, according to Redfin. Ephrata’s median home price was $347,000, an increase of 3.6%, and Mattawa’s median was $348,000, up by 2.4%. 

Elsewhere in the Basin, prices declined: 3.7% in Quincy and 13.5% in Othello. Soap Lake’s median home price dropped by 45.2% to $150,000, according to Redfin’s data.  

Homes sold quickly in Mattawa in December, spending only 14 days on the market on average. In Othello, the average was 16 days and, in Soap Lake, homes sold in an average of 62 days. By contrast, Moses Lake homes lingered on the market for 89 days, in Quincy for 116 days and in Ephrata for 122 days. 

Moses Lake homes sold above list price 25.6% of the time in December, according to Redfin, and 13.5% of homes dropped their price before selling. Data was not available for other Basin communities covered by the Columbia Basin Herald. 

The 30-year fixed-rate average interest rate was 6.10% on Wednesday, up slightly from the beginning of the year but lower than any date since September 2024, according to Freddie Mac. A year ago, the average interest rate was 6.9%. 

Statewide, the median home price in December 2025 was down slightly from December 2024, dropping 0.23% to about $611,000, according to Redfin. Homes stayed on the market an average of 50 days, up from 39 a year earlier. Washington homes overall sold above list price 22.6% of the time, and prices were dropped on 20.4% of the homes sold in December.