Overview: September 2, 2025
Over the past 90 days, the market for existing single-family homes priced between $850,000 and $1,000,000 across the Tri-Cities region—Kennewick, Richland, Pasco, and West Richland—along with nearby Benton City and Prosser has seen steady activity. This segment encompasses site-built, owned-lot properties with a focus strictly on existing construction rather than new builds.
Within this range, the Tri-Cities core leads in sales volume, with Kennewick especially active. Benton City and Prosser contribute smaller but noteworthy sales counts, with Prosser showing some under-construction activity contributing to their totals. The sales velocity varies, with an average of about one closing every 4 days region-wide, and individual city cadences ranging from daily to roughly one every 11 to 90 days, highlighting both robust activity and areas of more limited supply.
Pricing within the segment remains relatively consistent, with average prices clustering in the low to mid $900Ks and price per square foot averaging in the mid-$200s range. Square footage spans broadly, generally from around 2,000 to over 5,400 square feet, reflecting diversity in home sizes. Price per square foot also reflects this variability, with slightly higher valuations in Richland and Benton City showing elevated metrics, indicating their premium per efficiency unit compared to other cities.
Market by City (Past 90 Days – All Existing Single-Family Homes $850K–$1.00M)
| City | Sales Count | Closings / Day | Price (Avg / Median) | Price Range (Min–Max) | Size SqFt (Avg / Median) | $ / SqFt (Avg / Median) | Days on Market (Avg / Median) |
|---|---|---|---|---|---|---|---|
| Tri-Cities (Overall) | 21 | 0.2 (≈1 Closing Every 4 Days) | $925K / $915K | $853K – $1.00M | 3,587 / 3,523 | $267 / $260 | 61 / 40 |
| Kennewick | 8 | 0.1 (≈1 Closing Every 11 Days) | $938K / $935K | $879K – $1.00M | 3,744 / 3,796 | $256 / $260 | 100 / 78 |
| Richland | 6 | 0.1 (≈1 Closing Every 15 Days) | $932K / $938K | $870K – $989K | 3,821 / 3,797 | $253 / $259 | 40 / 37 |
| Pasco | 4 | 0.0 (≈1 Closing Every 23 Days) | $901K / $897K | $853K – $958K | 2,834 / 2,955 | $323 / $317 | 57 / 27 |
| West Richland | 3 | 0.0 (≈1 Closing Every 30 Days) | $908K / $910K | $900K – $915K | 3,701 / 3,523 | $248 / $260 | 4 / 3 |
| Benton City | 1 | 0.0 (≈1 Closing Every 90 Days) | $851K / $851K | $851K – $851K | 2,026 / 2,026 | $420 / $420 | 12 / 12 |
| Prosser (Under Construction) | 1 | 0.0 (≈1 Closing Every 90 Days) | $914K / $914K | $914K – $914K | 2,059 / 2,059 | $444 / $444 | 0 / 0 |
Key Takeaways
- Kennewick leads sales among the core Tri-Cities, registering 8 closed sales in the $850K-$1M existing homes segment.
- Richland typically commands a higher price per square foot, reflecting efficient use of space and premium positioning.
- Pasco offers relative value with somewhat lower average prices but competitive price per square foot metrics within this high-tier bracket.
- West Richland maintains a limited but fast-selling inventory within the $850K to $1M range, showing quick median days on market of just 3 days.
- Benton City and Prosser, though smaller markets, contribute to overall sales with Prosser showing under-construction sales impacting market dynamics.
- Core Tri-Cities homes take longer to sell on average compared to outliers like West Richland and Benton City, indicating varied buyer demand and supply profiles region-wide.