Overview: September 2, 2025
Over the past 90 days, the Tri-Cities market (Kennewick, Richland, Pasco, West Richland) along with nearby Benton City and Prosser experienced active sales in the range of $450,000 to $550,000 for existing single-family homes. This segment highlights established properties showcasing consistent demand within this moderate price band of existing construction, excluding new builds.
Kennewick leads the core Tri-Cities cities in sales volume and velocity, closely followed by Richland and Pasco, while West Richland sees fewer closings in this range. Benton City and Prosser contribute smaller but notable sales counts. Among these, Kennewick stands out with the highest closings per day, reflecting strong market activity, while Prosser shows diverse conditions including new and under construction segments.
Pricing throughout remains relatively tight within the $450K–$550K band, with average and median prices showing modest variation. Square footage trends suggest varied home sizes typical for the area, while Richland commands a higher price per square foot, potentially indicating greater efficiency or desirability. Days on market tend to be shorter in the core Tri-Cities compared to slower selling properties in outlying areas like Benton City and Prosser.
Market by City (Past 90 Days – All Existing Single-Family Homes $450K–$550K)
| 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) | 123 | 1.4 | $490,291 / $485,000 | $450K – $550K | 2,157 / 2,074 | $236 / $237 | 35 / 23 |
| Kennewick | 48 | 0.5 (≈1 Closing Every 2 Days) | $487,290 / $479,500 | $450K – $540K | 2,135 / 2,092 | $234 / $242 | 37 / 23 |
| Richland | 33 | 0.4 (≈1 Closing Every 3 Days) | $500,611 / $500,000 | $450K – $549K | 2,307 / 2,161 | $227 / $237 | 35 / 22 |
| Pasco | 27 | 0.3 (≈1 Closing Every 3 Days) | $485,774 / $480,000 | $450K – $550K | 2,073 / 2,046 | $243 / $237 | 36 / 36 |
| West Richland | 15 | 0.2 (≈1 Closing Every 6 Days) | $485,320 / $480,000 | $450K – $535K | 2,046 / 2,016 | $245 / $233 | 27 / 18 |
| Benton City | 2 | 0.0 (≈1 Closing Every 45 Days) | $465,000 / $465,000 | $455K – $475K | 1,685 / 1,685 | $291 / $354 | 32 / 32 |
| Prosser | 6 | 0.1 (≈1 Closing Every 15 Days) | $497,167 / $497,000 | $460K – $540K | 2,328 / 2,085 | $229 / $271 | 76 / 34 |
Key Takeaways
- Kennewick leads all cities with the highest sales count and robust closing frequency, nearly one closing every 2 days.
- Richland maintains the highest price per square foot in the core Tri-Cities, reflecting a trend toward more efficient or desirable properties.
- Pasco offers notable value within the target price range, combining competitive average prices with respectable square footage.
- West Richland has a smaller volume of sales in this range, indicating limited supply or selectivity at these price levels.
- Benton City and Prosser contribute modest sales, reflecting their smaller markets with longer days on market compared to Tri-Cities core.
- Median days on market across the Tri-Cities tends to be in the low to mid-twenties, generally faster than the outer market areas, suggesting stronger demand.