Overview: September 2, 2025
Over the past 90 days, the existing single-family home market priced between $1.00M and $2.00M across the Tri-Cities area and nearby Benton City and Prosser reflected steady activity with a focus on existing construction (not new). This price range captures homes that balance quality and space, primarily featuring homes built from the mid-1970s up through recent years.
Among the core Tri-Cities cities, sales volume is led by Kennewick with 6 sold homes, averaging a closing about every 15 days, surpassing the other core cities in velocity. Richland follows with moderate activity and higher price per square foot metrics, indicating efficient use of space, while Benton City and Prosser provide supplemental contributions on a slower sales pace, generally around one closing every 90 days.
Pricing across these markets remains consistent within this range, with average final prices clustering between approximately $1.07M and $1.30M for the core cities. Square footage averages hover around 3,800 to 4,300 sqft, with Richland commanding higher price per sqft ($315 average) relative to Pasco’s value-oriented pricing (~$382 average $/SqFt). Days on market vary, with core cities showing quicker turnover than outlying areas.
Market by City (Past 90 Days – All Existing Single-Family Homes $1.00M–$2.00M)
| 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) | 14 | 0.2 (≈1 Closing Every 6 Days) | $1,232,143 / $1,212,500 | $1.01M – $1.50M | 4,035 / 4,152 | $320 / $324 | 55 / 25 |
| Kennewick | 6 | 0.1 (≈1 Closing Every 15 Days) | $1,240,833 / $1,175,000 | $1.01M – $1.50M | 4,308 / 4,193 | $294 / $303 | 28 / 17 |
| Richland | 4 | 0.0 (≈1 Closing Every 23 Days) | $1,261,250 / $1,242,500 | $1.21M – $1.35M | 4,155 / 4,165 | $315 / $378 | 110 / 98 |
| Pasco | 2 | 0.0 (≈1 Closing Every 45 Days) | $1,077,502 / $1,077,502 | $1.01M – $1.15M | 3,192 / 3,192 | $382 / $523 | 31 / 31 |
| West Richland | 2 | 0.0 (≈1 Closing Every 45 Days) | $1,302,500 / $1,302,500 | $1.22M – $1.39M | 3,819 / 3,819 | $343 / $362 | 49 / 49 |
| Benton City | 1 | 0.0 (≈1 Closing Every 90 Days) | $1,800,000 / $1,800,000 | $1.80M – $1.80M | 4,645 / 4,645 | $388 / $388 | 1 / 1 |
| Prosser | 0 | 0.0 | – / – | – | – / – | – / – | – / – |
Key Takeaways
- Kennewick leads the Tri-Cities with the highest sales count and steady sales velocity at approximately one closing every 15 days.
- Richland features higher price per square foot values, showcasing efficient home layouts despite fewer sales compared to Kennewick.
- Pasco offers comparatively better value within the $1M–$2M range, with a strong price per square foot but slower turnover.
- West Richland’s supply in this price range remains limited, contributing modestly to overall sales with a moderate pace.
- Benton City contributes infrequently but commands higher absolute pricing and size, albeit with very slow sales velocity.
- Days on Market highlight faster sales cycles in core Tri-Cities cities, while outer markets like Benton City and Prosser see longer times to close.