The housing market in Kennewick has seen a steady rhythm over the past year, with buyers and sellers navigating different dynamics in the new construction and existing home segments. Whether you’re thinking about listing your home or starting your search, understanding what happened in the past 12 months can help you make smarter real estate decisions.
This summary covers single-family homes only, and highlights trends in inventory, pricing, days on market, and buyer/seller conditions.
Existing Construction: Strong Demand and Fast Sales
- Total Homes on Market per Day: Kennewick saw an average of 1.84 new listings per day, totaling 671 existing homes listed.
- Homes Sold per Day: About 1.63 homes sold each day, totaling 593 closed sales.
- Average and Median Prices:
- Original List Price: Average of $464,806, median of $429,900
- Final Sold Price: Average of $449,328, median of $420,000
- Buyer’s Score: 3.5
- Seller’s Score: 6.5
The median days on market (DOM) was just 24 days, with an average DOM of 42. This tells us that well-priced homes were selling in under a month, and the majority of sellers retained strong pricing power.
New Construction: Slower but Still Strong
- Total Homes on Market per Day: Kennewick had 0.78 new construction listings per day, totaling 283 listings.
- Homes Sold per Day: Roughly 0.48 sales per day, or 175 total sales.
- Average and Median Prices:
- Original List Price: Average of $530,965, median of $499,900
- Final Sold Price: Average of $516,649, median of $499,900
- Buyer’s Score: 5.4
- Seller’s Score: 4.6
While homes took longer to sell—median DOM was 104 days, average DOM was 124—the fact that median prices held steady from list to sale shows that builders maintained pricing discipline. Buyers had more negotiating room, but sellers didn’t need to make deep price cuts to close deals.
Comparing the Two Markets
| Metric | Existing Homes | New Construction |
|---|---|---|
| Listings (12 mo) | 671 | 283 |
| Sales (12 mo) | 593 | 175 |
| Median Sale Price | $420,000 | $499,900 |
| Median DOM | 24 days | 104 days |
| Buyer Score | 3.5 | 5.4 |
| Seller Score | 6.5 | 4.6 |
Key Insight:
- Existing homes moved faster and attracted higher demand.
- New homes were priced higher, but required longer time to close and saw fewer daily sales.
- Sellers of existing homes had a clear advantage, while new construction leaned more balanced, offering buyers more breathing room.
Final Thoughts
Kennewick’s real estate market over the past year has shown strong demand for existing homes and steady interest in new construction. If you’re selling an existing home, conditions have remained favorable—quick sales and strong prices. Buyers looking for newer features and modern layouts may find better flexibility in the new construction market, especially with longer DOM and more balanced buyer-seller dynamics.
As the market continues to evolve in 2025, keeping an eye on these trends will help buyers and sellers make confident moves.
For personalized advice or a free market consultation, reach out to ryan@kenmoreteam.com or call 509.987.4544. Whether you’re buying or selling in Kennewick, we’re here to guide you through every step.