Overview: November 11 2025
In the past 90 days, the market for existing single-family homes priced at $2.00M and above in the Tri-Cities area and nearby markets has shown limited but notable activity. This report focuses exclusively on site-built properties on owned lots within this premium price range, highlighting transactions that close on established homes rather than new construction.
Among the core Tri-Cities cities—Kennewick, Richland, Pasco, and West Richland—Kennewick was the only contributor to sales in this price segment, recording 2 sales, which averages to 0.0 closings per day or roughly 1 closing every 45 days. Benton City added 1 sale in this range, closing approximately every 90 days, while Richland, Pasco, and West Richland had no sales to report for existing $2.00M+ homes during this time frame. This highlights Kennewick as the leading city by sales velocity in this expensive home segment.
Pricing has been quite consistent with Kennewick’s $2.5M average and median sale prices, paired with spacious homes averaging 6,400 SqFt and a price per square foot of $391. Benton City’s sale was notably larger at 7,500 SqFt but had a lower price per square foot at $267, with a much longer market duration. The data indicates a consistent premium-tier market with limited inventory and varied days on market between core cities and more outlying areas.
Market by City (Past 90 Days – All Existing Single-Family Homes $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) | 2 | 0.0 (≈1 Closing Every 45 Days) | $2,500,000 / $2,500,000 | $2.50M – $2.50M | 6,400 / 6,400 | $391 / $391 | 5 / 5 |
| Kennewick | 2 | 0.0 (≈1 Closing Every 45 Days) | $2,500,000 / $2,500,000 | $2.50M – $2.50M | 6,400 / 6,400 | $391 / $391 | 5 / 5 |
| Richland | 0 | 0.0 | – / – | – | – / – | – / – | – / – |
| Pasco | 0 | 0.0 | – / – | – | – / – | – / – | – / – |
| West Richland | 0 | 0.0 | – / – | – | – / – | – / – | – / – |
| Benton City | 1 | 0.0 (≈1 Closing Every 90 Days) | $2,000,000 / $2,000,000 | $2.00M – $2.00M | 7,500 / 7,500 | $267 / $267 | 694 / 694 |
| Prosser | 0 | 0.0 | – / – | – | – / – | – / – | – / – |
Key Takeaways
- Kennewick leads the Tri-Cities area in $2.00M+ existing home sales during the past 90 days, with 2 transactions averaging a closing every 45 days.
- Richland and Pasco recorded no sales in this price segment for existing homes, indicating very limited supply or demand.
- Benton City contributed a single sale with larger square footage but a notably slower market pace and lower price per square foot.
- West Richland had no activity in the $2.00M+ existing home market, reflecting limited inventory at this price level.
- Days on market are considerably shorter in Kennewick compared to Benton City, indicating faster absorption in core Tri-Cities areas.
- Price per square foot in Kennewick is significantly higher than Benton City’s, suggesting stronger pricing efficiency and market premium in the core region.