Overview: November 11 2025
Over the past 90 days, the market for existing single-family homes priced between $850,000 and $1,000,000 in the Tri-Cities and surrounding areas has seen a total of 25 closed sales. This segment, focused on site-built homes on owned lots with existing construction, highlights activity within four core cities—Kennewick, Richland, Pasco, and West Richland—as well as Benton City and Prosser.
Kennewick leads the core Tri-Cities in sales volume, with 11 closings, followed by Pasco and Richland, both at 6 sales, and West Richland contributing 2. Benton City and Prosser add limited but notable participation, with 1 sale each, including an under-construction sale in Prosser. Overall sales velocity in the Tri-Cities supports roughly one closing every 4 days, while smaller markets reflect slower turnover.
Pricing shows strong consistency within this price range, with average final prices clustered mostly in the high $800Ks to mid $900Ks. Square footage averages range from about 2,000 to over 3,600 sq ft, with Richland offering somewhat higher price per square foot values, indicating efficient use of space. Days on market vary, generally faster in the core Tri-Cities, especially West Richland, compared with somewhat slower absorption in Benton City and surrounding areas.
Market by City (Past 90 Days – All Existing Single-Family Homes $850K–$1.00M)
| 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) | 25 | 0.3 (≈1 Closing Every 4 Days) | $918,116 / $900,000 | $865K – $1.00M | 3,444 / 3,351 | $273 / $288 | 53 / 40 |
| Kennewick | 11 | 0.1 (≈1 Closing Every 8 Days) | $933,210 / $930,000 | $877K – $1.00M | 3,635 / 3,756 | $264 / $260 | 59 / 40 |
| Richland | 6 | 0.1 (≈1 Closing Every 15 Days) | $913,467 / $888,000 | $865K – $990K | 3,344 / 3,229 | $279 / $293 | 45 / 41 |
| Pasco | 6 | 0.1 (≈1 Closing Every 15 Days) | $898,650 / $882,450 | $869K – $958K | 3,190 / 3,059 | $288 / $302 | 66 / 45 |
| West Richland | 2 | 0.0 (≈1 Closing Every 45 Days) | $907,450 / $907,450 | $900K – $915K | 3,448 / 3,448 | $263 / $267 | 3 / 3 |
| Benton City | 1 | 0.0 (≈1 Closing Every 90 Days) | $850,505 / $850,505 | $850K – $850K | 2,026 / 2,026 | $420 / $420 | 12 / 12 |
| Prosser (Under Construction) | 1 | 0.0 (≈1 Closing Every 90 Days) | $914,080 / $914,080 | $914K – $914K | 2,059 / 2,059 | $444 / $444 | 0 / 0 |
Key Takeaways
- Kennewick stands out as the leading city by sales volume within the $850K–$1M existing homes market, capturing 11 of the 25 sales in the core Tri-Cities.
- Richland typically commands higher price per square foot, reflecting greater space efficiency and residue demand in its market segment.
- Pasco offers relative value within this price range with competitive average prices but slightly larger homes on average compared to Richland.
- West Richland’s presence is limited in this upper price bracket, with only 2 sales and notably quicker market absorption (lowest days on market).
- Benton City and Prosser contribute marginally but maintain higher price per square foot rates in their limited transactions, including Prosser’s under-construction sale.
- Days on market remain faster in the core Tri-Cities (mid-40s median), while outlying areas like Benton City and Prosser show slower or zero DOM figures indicating unique market circumstances.