Home prices up in most Basin markets

MOSES LAKE — Home prices increased in most, but not all, markets of the Columbia Basin this year, according to data from the real estate website Redfin.

The median home price in Moses Lake in September was $364,821, according to Redfin’s data, up 5.4% from September 2025. Ephrata’s median price wasn’t far off, at $368,824, but that represented a 12.5% increase over the same time period. Quincy’s median price topped the list of local cities at $405,235, a 10.1% year-over-year increase. Othello, in contrast, dropped by 17.1% year-over-year, to $298,226.

The highest median home prices in Grant County were to be found in the Mae Valley area in and west of Moses Lake, according to data from the Northwest Multiple Listing Service. Homes in that area averaged $490,000, representing an increase of 38.42%. The lowest median in Grant County was $319,900 in the area south of Moses Lake between the Sand Dunes and SR 17, representing a 26.59% drop. The median home price in the U.S. was $393,895, according to Redfin’s data, up 1.3% year-over-year.

Moses Lake had the fastest home sales in the area in September, with the average home staying on the market for 41 days. That represent a decrease of three days from September 2025, according to Redfin’s data. Homes in Quincy sold after an average of 49 days, five days faster than in September 2025. Ephrata’s median time on the market was 51 days, about the same as a year earlier, and Othello homes spent an average of 64 days on the market, compared to six days in September 2025. Nationwide, the average home spent 51 days on the market, just about the same as a year earlier.

The average 30-year fixed-rate mortgage rate was 7.24% Wednesday, down from 7.23% a week ago but up from 6.17% this time last year.