Overview: November 11 2025
Over the past 90 days, the market for all existing single-family homes priced between $1.00M and $2.00M across the Tri-Cities and nearby areas has shown steady activity. This summary focuses exclusively on site-built homes on owned lots, specifically existing constructions, reflecting the segment’s performance within this premium price range.
Within the core Tri-Cities municipalities—Kennewick, Richland, Pasco, and West Richland—the sales volume remains modest but consistent, with Kennewick leading in total sales count followed by Richland and Pasco. Benton City registers some activity in this price tier, while Prosser has no closed sales of existing homes within this range during the period, highlighting variances in market velocity and supply across these areas.
Pricing throughout the region is relatively consistent, with average and median final prices typically clustering in the low to mid $1 million range. Square footage varies broadly, with homes ranging from around 3,000 to over 7,000 sq ft, while price per square foot indicates Richland tends to command a premium, revealing efficiency and value perception nuances within these markets.
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) | 7 | 0.1 (≈1 Closing Every 13 Days) | $1,238,214 / $1,237,500 | $1.01M – $1.50M | 4,693 / 4,350 | $275 / $253 | 54 / 15 |
| Kennewick | 2 | 0.0 (≈1 Closing Every 45 Days) | $1,255,000 / $1,255,000 | $1.01M – $1.50M | 4,809 / 4,809 | $259 / $280 | 45 / 45 |
| Richland | 2 | 0.0 (≈1 Closing Every 45 Days) | $1,243,750 / $1,243,750 | $1.24M – $1.25M | 4,362 / 4,362 | $292 / $339 | 15 / 15 |
| Pasco | 2 | 0.0 (≈1 Closing Every 45 Days) | $1,110,000 / $1,110,000 | $1.10M – $1.12M | 3,699 / 3,699 | $310 / $368 | 126 / 126 |
| West Richland | 1 | 0.0 (≈1 Closing Every 90 Days) | $1,450,000 / $1,450,000 | $1.45M – $1.45M | 7,109 / 7,109 | $204 / $204 | 4 / 4 |
| 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 is the leader in sales count for existing homes priced $1.00M–$2.00M, though overall transactions remain limited.
- Richland shows higher price per square foot, indicating stronger market efficiency and buyer willingness to pay premiums for location or condition.
- Pasco offers relatively more value within this price segment, with lower average prices but comparable $/SqFt, appealing to cost-conscious buyers.
- West Richland has very limited supply and sales in this premium range, with only one sale noted, reflecting scarcity of such homes.
- Benton City contributes modestly but with higher pricing and strong $/SqFt, reflecting a distinctive market niche.
- Days on Market is generally faster in core Tri-Cities cities like Richland and Kennewick, with slower market pace evident in Pasco and outlying areas.