Overview: February 13 2026 – Existing Construction
This blog post reviews existing construction homes sold in the Tri-Cities. We compare two time frames. The past 30 days shows the newest shift. The past 90 days shows the broader pattern. Small 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 | 155 | 5.17 Closings Per Day | $467,156 / $425,000 | $443,404 / $420,000 | 60 / 40 | 1,923 / 1,814 | $241 / $237 | 1986 / 1996 |
| Past 90 Days | 475 | 5.28 Closings Per Day | $487,566 / $434,900 | $463,640 / $420,000 | 57 / 40 | 1,996 / 1,884 | $242 / $237 | 1989 / 1997 |
- Sales pace is slightly slower in the newest window (5.17/day vs. 5.28/day). This points to a small cool-down.
- Average prices are softer in the past 30 days. Average final price is $443,404 vs. $463,640.
- The median final price stayed at $420,000 in both time frames. The “typical” sale is holding steady.
- Homes are not selling faster. Median days on market stayed at 40. Average days on market rose to 60 from 57.
- Price per square foot is steady. Median $/sf is $237 in both windows.
- Homes sold in the past 30 days were smaller (1,923 sf avg vs. 1,996 sf). A smaller mix can pull average price down even if the market is stable.
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 | 147 | 4.90 Closings Per Day | $475,404 / $430,000 | $451,192 / $422,500 | 59 / 40 | 1,952 / 1,872 | $242 / $238 | 1986 / 1996 |
| Past 90 Days | 448 | 4.98 Closings Per Day | $495,347 / $435,000 | $470,859 / $427,000 | 55 / 40 | 2,025 / 1,914 | $243 / $237 | 1988 / 1996 |
- This is the largest part of the market. It usually sets the tone.
- Sales pace is a touch slower (4.90/day vs. 4.98/day). Demand looks steady, but less urgent.
- Pricing eased. Average final price dropped to $451,192 from $470,859. Median final price slipped to $422,500 from $427,000.
- Homes are taking longer on average. Average DOM rose to 59 from 55. Median DOM stayed at 40.
- $ per square foot is almost flat. Median $/sf is $238 vs. $237.
- Homes sold in the past 30 days were smaller (1,952 sf avg vs. 2,025 sf). This helps explain some of the price drop.
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 | 3 | 1 Closing Every 10 Days | $208,333 / $225,000 | $184,333 / $200,000 | 86 / 74 | 1,079 / 898 | $179 / $167 | 1976 / 1976 |
| Condo – Past 90 Days | 13 | 1 Closing Every 7 Days | $341,046 / $315,000 | $321,115 / $310,000 | 102 / 50 | 1,438 / 1,366 | $227 / $231 | 1988 / 1979 |
| Townhome – Past 30 Days | 5 | 1 Closing Every 6 Days | $379,960 / $389,900 | $369,880 / $385,000 | 72 / 11 | 1,576 / 1,803 | $238 / $221 | 2006 / 2008 |
| Townhome – Past 90 Days | 14 | 1 Closing Every 6 Days | $374,621 / $382,500 | $364,957 / $369,500 | 61 / 34 | 1,568 / 1,589 | $236 / $225 | 2009 / 2011 |
- Condos: only 3 sales in the past 30 days. One sale can change averages a lot.
- Condo pricing is much lower in the newest window (median final $200,000 vs. $310,000). Recent condo sales were also smaller (median 898 sf vs. 1,366 sf). That mix can drive the drop.
- Condo speed is mixed. Median DOM is higher (74 vs. 50), but average DOM is lower (86 vs. 102). This often means a few condos sold faster, while the “typical” one still took longer.
- Townhomes: pricing is firmer in the newest window. Median final price rose to $385,000 from $369,500. Average final price also rose to $369,880 from $364,957.
- Townhome days on market sends two signals. Median DOM dropped to 11 from 34 (some sold fast). Average DOM rose to 72 from 61 (a few sat much longer).
What This Means for Buyers and Sellers
- Use medians to understand the “typical” home. In the full market, median final price stayed at $420,000. That suggests stable core demand.
- Use average price to spot changes in the mix. Average final price dropped (full market and single family). This can happen when fewer higher-end homes close, or when smaller homes make up more of the sales.
- Watch days on market for negotiating power. Average DOM rose in the full market (60 vs. 57) and in single family (59 vs. 55). That can give buyers more room to ask for repairs, credits, or price reductions, especially on homes with longer DOM.
- Watch $/sf for real pricing pressure. Median $/sf is flat in the full market ($237 vs. $237). Single family median $/sf is also steady ($238 vs. $237). This looks more like a mild cool-down than a real price slide.
- Condos and townhomes have small counts. Use those numbers as a signal, not a guarantee. Check the newest closed sales in the exact complex or neighborhood.
Buyer signals: sales pace is slightly slower, average prices are lower in the past 30 days, and average days on market is higher. That combination can support stronger negotiations.
Seller signals: median prices and median $/sf are steady in the full market. Well-priced homes can still sell in a normal time frame.
Bottom line: the Tri-Cities existing construction market looks stable, with a mild cool-down in the most recent 30 days. It feels closer to balanced than strongly seller-driven.