Overview: November 11 2025
Over the past 90 days, the market for existing single-family homes priced between $450,000 and $550,000 across the Tri-Cities and nearby Benton City and Prosser has seen steady activity. This summary covers all site-built owned lots within this price range, focusing exclusively on existing construction rather than new builds. The data reflects a consistent demand at this price point for established homes.
Within the core Tri-Cities markets—Kennewick, Richland, Pasco, and West Richland—Kennewick leads in sales volume, exhibiting the highest number of transactions and a closing pace of nearly 1 closing every 2 days. In comparison, Benton City and Prosser have notably fewer sales but contribute valuable variety to the overall market. While sales velocities in Benton City and Prosser are slower, they maintain an important presence in this price segment.
Pricing within this range remains fairly consistent, with average and median sale prices clustering near the middle of the $450K to $550K band. Square footage varies widely, with homes generally ranging between about 1,600 and 2,300 square feet on average depending on the city. Price per square foot is notably highest in Richland, suggesting better efficiency or premium based on location or features. Days on market point to a moderately fast turnover, especially among the core cities, with longer marketing times occasionally observed in outlying areas.
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) | 127 | 1.4 | $491,468 / $485,000 | $450K – $550K | 2,194 / 2,088 | $232 / $234 | 37 / 26 |
| Kennewick | 45 | 0.5 (≈1 Closing Every 2 Days) | $492,853 / $490,000 | $450K – $545K | 2,126 / 2,022 | $237 / $243 | 33 / 26 |
| Richland | 31 | 0.3 (≈1 Closing Every 3 Days) | $488,555 / $475,000 | $450K – $548K | 2,341 / 2,161 | $220 / $234 | 40 / 30 |
| Pasco | 30 | 0.3 (≈1 Closing Every 3 Days) | $493,676 / $484,995 | $450K – $550K | 2,232 / 2,146 | $229 / $225 | 40 / 25 |
| West Richland | 21 | 0.2 (≈1 Closing Every 4 Days) | $489,643 / $480,000 | $450K – $545K | 2,068 / 2,026 | $240 / $233 | 38 / 20 |
| Benton City | 3 | 0.0 (≈1 Closing Every 30 Days) | $481,000 / $490,000 | $455K – $498K | 1,694 / 1,808 | $292 / $275 | 52 / 41 |
| Prosser | 4 | 0.0 (≈1 Closing Every 23 Days) | $509,375 / $503,750 | $490K – $540K | 1,982 / 1,956 | $258 / $271 | 42 / 34 |
Key Takeaways
- Kennewick is the leading city by sales volume in the $450K–$550K existing homes segment, closing roughly one deal every 2 days.
- Richland commands the highest average price per square foot, reflecting a premium or more efficient home size mix in this price range.
- Pasco offers relative value with solid sales volume and competitive pricing within the established price band.
- West Richland’s supply and sales pace are more limited in this price segment compared to core Tri-Cities cities.
- Benton City and Prosser, while smaller markets, still contribute meaningful transactions with unique home options and price per square foot variances.
- Days on market tend to be shorter in core Tri-Cities markets, indicative of faster sales cycles versus outer cities where properties can linger longer.