Basin home prices up overall
This Moses Lake home was listed for $420,000 Wednesday.
JOEL MARTIN/COLUMBIA BASIN HERALD
MOSES LAKE — Home prices were up across most of the Columbia Basin in August, the latest month for which information was available, compared to a year earlier, according to data from the real estate website Redfin.
The median price of a home in Quincy was $406,658 in August 2026, an increase of 11.3% from August 2026. Ephrata saw an increase of 13.8% to $369,755, and Moses Lake posted a modest increase of 3.1% to $362,760. Othello’s median home price, however, was down 27.2% year-over-year, finishing at $256,200 in August 2026.
The largest increase in Grant County came in the western part of the county, which includes Desert Aire, Mattawa, Quincy, George and Crescent Bar, according to data from the Northwest Multiple Listing Service. That region’s median home price leapt from $399,000 to $552,000, a jump of 38.35%. The area northwest of Moses Lake, including the Larson Community, Big Bend Community College and the Port of Moses Lake, also saw an increase in home prices, jumping 25.89% from $297,340 to $374,323. Homes in northern Grant County, from state Route 28 to the Grand Coulee Dam, dropped in price by 18.18% to $270,000, according to NWMLS.
Seven homes were sold in Othello in August 2026, a 48.7% decrease from August 2025, according to Redfin’s data. Ephrata home sales were down year-over-year by 6%, and in Quincy by 16.1%. Moses Lake home sales remained virtually unchanged, dropping a mere 0.71%.
Grant County’s sales were highest in the western part of the county, with 17 closed sales in August 2026, but that still represents a 19.05% decrease from a year earlier when 21 homes were sold in that area.
Months of inventory, or the amount of time it would take to sell all properties on the market, were up almost 10% in Grant County between August 2025 and August 2026, according to the NWMLS data. Adams County had 8.3 months of inventory compared to 5.4 a year earlier, except for the Othello area, which had seven months’ worth of inventory.
The average 30-year fixed-mortgage interest rate reached its highest point of the year so far, at 7.03% on Sept. 24, according to Freddie Mac. A year ago at this time the rate was 6.30%.