Overview: February 13 2026 – Existing Construction
This blog post reviews existing construction homes sold in Richland. We compare two time frames. The past 30 days shows the newest shift. The past 90 days shows the broader pattern. Smaller segments, like condos and townhomes, can swing fast because there are fewer sales.
Entire Market (All Existing Construction Homes)
| Time | Count | Per Day | Orig $ (Avg/Med) | Final $ (Avg/Med) | DOM (Avg/Med) | SqFt (Avg/Med) | $/SqFt (Avg/Med) | Yr (Avg/Med) |
|---|---|---|---|---|---|---|---|---|
| Past 30 Days | 37 | 1.23 Closings Per Day | $489,604 / $450,000 | $462,248 / $442,000 | 68 / 43 | 2,070 / 2,075 | $237 / $236 | 1983 / 1984 |
| Past 90 Days | 117 | 1.30 Closings Per Day | $498,778 / $468,900 | $476,115 / $445,000 | 59 / 42 | 2,123 / 2,092 | $242 / $232 | 1984 / 1990 |
- Sales pace cooled a little in the newest window (1.23/day vs. 1.30/day). That points to slightly less urgency.
- Prices are softer in the past 30 days. Average final price is $462,248 vs. $476,115. Median final price is $442,000 vs. $445,000.
- Homes are taking longer. Average days on market rose to 68 from 59. Median days on market also ticked up to 43 from 42.
- Size is a bit smaller in the last 30 days (2,070 avg sf vs. 2,123). That can pull the average sale price down.
- $ per square foot is mixed. Average $/sf is lower ($237 vs. $242), but median $/sf is higher ($236 vs. $232). That often means the “typical” home held value even if fewer high-end sales closed.
Existing Construction Single Family (Site Built – Owned Lot)
| Time | Count | Per Day | Orig $ (Avg/Med) | Final $ (Avg/Med) | DOM (Avg/Med) | SqFt (Avg/Med) | $/SqFt (Avg/Med) | Yr (Avg/Med) |
|---|---|---|---|---|---|---|---|---|
| Past 30 Days | 35 | 1.17 Closings Per Day | $503,296 / $450,000 | $475,165 / $445,000 | 69 / 43 | 2,129 / 2,100 | $237 / $236 | 1983 / 1992 |
| Past 90 Days | 108 | 1.20 Closings Per Day | $509,854 / $475,000 | $486,978 / $455,000 | 55 / 40 | 2,167 / 2,113 | $244 / $234 | 1984 / 1991 |
- This is the largest part of the existing construction market, so it often sets the tone.
- Sales pace is slightly slower in the past 30 days (1.17/day vs. 1.20/day). That is a small change, but it suggests buyers are taking more time.
- Prices are down in the newest window. Median final price is $445,000 vs. $455,000. Average final price is $475,165 vs. $486,978.
- Homes are not moving as fast. Average DOM jumped to 69 from 55. Median DOM rose to 43 from 40.
- $ per square foot stays fairly steady for the “typical” home. Median $/sf is $236 in the past 30 days vs. $234 in the past 90 days.
- Homes sold in the past 30 days were a bit smaller (2,129 avg sf vs. 2,167). That can explain part of the price drop without meaning values fell across every neighborhood.
Existing Construction Condo / Townhome Market
| Type / Time | Count | Per Day | Orig $ (Avg/Med) | Final $ (Avg/Med) | DOM (Avg/Med) | SqFt (Avg/Med) | $/SqFt (Avg/Med) | Yr (Avg/Med) |
|---|---|---|---|---|---|---|---|---|
| Condo – Past 30 Days | 1 | 1 Closing Every 30 Days | $225,000 / $225,000 | $213,000 / $213,000 | 74 / 74 | 898 / 898 | $237 / $237 | 1979 / 1979 |
| Condo – Past 90 Days | 6 | 1 Closing Every 15 Days | $370,467 / $337,000 | $345,250 / $322,000 | 148 / 151 | 1,587 / 1,660 | $221 / $228 | 1985 / 1978 |
| Townhome – Past 30 Days | 1 | 1 Closing Every 30 Days | $275,000 / $275,000 | $259,400 / $259,400 | 11 / 11 | 1,173 / 1,173 | $221 / $221 | 1974 / 1974 |
| Townhome – Past 90 Days | 3 | 1 Closing Every 30 Days | $356,667 / $380,000 | $346,800 / $366,000 | 28 / 16 | 1,590 / 1,723 | $218 / $221 | 1989 / 1990 |
- These segments are small right now. In the past 30 days, there was 1 condo sale and 1 townhome sale. One closing can change the averages a lot.
- Condos: the past 30 day sale closed at $213,000 with 74 DOM. In the past 90 days, the median condo closed at $322,000 with 151 median DOM. The big price gap lines up with a big size difference too (898 sf vs. 1,660 median sf).
- Condos: homes took much longer to sell in the broader 90-day window (148 avg DOM) than the single recent sale (74 DOM). That can be a buyer-friendly sign, but this month’s sample is too small to call a firm trend.
- Townhomes: the past 30 day townhome sold fast (11 DOM), but it also closed at a lower price ($259,400) than the past 90 day median ($366,000). The recent closing was also smaller (1,173 sf vs. 1,723 median sf).
- For condos and townhomes, focus on $/sf and DOM more than the average price. The mix of sizes and buildings changes quickly.
What This Means for Buyers and Sellers
- Buyer leverage looks slightly better in the newest 30 days. Sales pace slowed a bit, and days on market rose in the full market and in single family.
- Watch the gap between average and median. In several places, averages moved more than medians. That often means the mix changed (more smaller homes, fewer high-end sales), not that every home dropped the same amount.
- Use days on market as a negotiation guide. If a home is already past the recent median (43 DOM for the full market and for single family), the seller may be more open to repairs, closing cost help, or a price adjustment.
- For sellers, the market is still moving. Median $/sf is steady to slightly higher in the newest window (full market: $236 vs. $232; single family: $236 vs. $234). That suggests well-priced homes can still hold value.
- For condos and townhomes, treat the numbers as “signals.” Low counts can hide the real story. Compare each listing to very similar recent sales (same complex, same style, similar size).
Buyer signals: slightly slower sales pace and longer days on market in the past 30 days. That can create more room to negotiate, especially on listings that sit.
Seller signals: median $/sf is stable, and medians did not drop sharply in the full market or in single family. Good pricing and strong condition still matter most.
Bottom line: the Richland existing construction market looks steady, with a mild cool-down in the most recent 30 days. It feels closer to balanced than strongly seller-driven.