In this 6-month review, we analyze the real estate trends for new construction, single-family homes in Richland, Washington. This dataset includes listings and sales from the past 180 days, offering a mid-range look at how the market is performing. Our goal is to help buyers, sellers, and builders make informed decisions by reviewing inventory levels, pricing, days on market, and leverage.
This summary includes homes built between 2021 and 2025 with no price or square footage limitations. We’re looking at total new listings, sales pace, pricing dynamics, and average time on market.
180-Day Market Snapshot
| Metric | Value |
|---|---|
| Total Listings | 178 |
| New Listings per Day | 0.99 |
| Total Homes Sold | 148 |
| Homes Sold per Day | 0.82 |
| Average Original Listing Price | $583,930 |
| Median Original Listing Price | $582,425 |
| Average Final Sales Price | $583,069 |
| Median Final Sales Price | $573,528 |
| Price Difference (% Avg.) | ~0.15% below list |
| Average Days on Market (DOM) | 89 (sold homes) |
| Median Days on Market (DOM) | 103 (sold homes) |
| Highest DOM | 447 days |
| Average Sq. Ft. (sold homes) | 2,062 sq. ft. |
| Average Price/Sq. Ft. (sold) | $285.60 |
Key Observations and Market Trends
Inventory and Listing Activity
There were 178 new construction listings brought to market over the past six months—roughly one new listing per day. This volume is slightly lower than the 12-month average, signaling a mild slowdown in builder output or listing activity. Still, the market remains relatively well-supplied.
Sales Activity
With 148 homes sold during this timeframe (0.82 sales per day), demand remained strong. The market achieved a sell-through rate of 83%, a slight improvement over the 12-month period. This indicates that a higher proportion of listings are converting into actual sales, suggesting improved buyer engagement.
Pricing Dynamics
Prices remained stable with very little negotiation needed:
- The average final sales price came in only $861 below the average list price, which is just a 0.15% difference.
- Median pricing showed a larger gap, which could suggest some outliers in the higher or lower end of the market, but overall, the pricing integrity remains high.
Buyers should note that while prices haven’t dropped significantly, they also haven’t surged—suggesting a consistent and balanced pricing strategy across new builds.
Days on Market
The average DOM dropped to 89 days, and the median DOM dropped to 103. This is an improvement from the 12-month averages (102 and 137 days respectively). Homes are selling a little faster, and this may reflect increased demand, better pricing strategies, or more desirable product offerings from builders.
Buyer and Seller Scores
Using the adjusted scoring algorithm for the 180-day timeframe, we can evaluate the current market conditions for both sides of the transaction:
| Segment | Score | Interpretation |
|---|---|---|
| Buyer Score | 4.23 | Slight improvement in buyer leverage |
| Seller Score | 5.77 | Still a moderately strong seller’s market |
The seller score of 5.77 suggests that sellers (or builders) still have the upper hand, but their dominance has weakened slightly compared to the 12-month window. Meanwhile, the buyer score increased to 4.23, indicating improved negotiation ability and slightly more favorable conditions for buyers—especially those ready to move quickly.
Conclusion
Over the past 180 days, the Richland new construction market has shown signs of gradual rebalancing. While sellers continue to enjoy strong list-to-sale price alignment, the reduced days on market and slightly softer inventory numbers signal increasing room for buyer activity.
For buyers, this may be an ideal moment to enter the market before demand surges again. Builders are pricing competitively, and time on market is favorable for those who act decisively.
For sellers or builders, pricing discipline continues to pay off. With most homes selling near their original asking price and turnover times improving, the market remains solid—just with slightly more competition and selectivity among buyers.
The next few months will be key to watching how seasonal shifts affect inventory and leverage. Stay tuned for updated monthly insights as the market continues to evolve.