The housing market in Kennewick is experiencing a slowdown in new listings and sales, while homes are selling faster than last month. By comparing the first 10 days of February to the full month of January, we can see how the market is shifting.
Market Activity (January vs. February First 10 Days)
| Metric | January 2025 | February 2025 (First 10 Days) |
|---|---|---|
| Total New Listings | 38 | 10 |
| New Listings Per Day | 1.23 per day | 1.0 per day |
| Total Sold Listings | 20 | 3 |
| Sold Listings Per Day | 1 listing every 2 days | 1 listing every 3 days |
| Average Listing Price | $425,308 | $421,990 |
| Median Listing Price | $412,400 | $400,000 |
| Average Sold Price | $428,385 | $379,000 |
| Median Sold Price | $408,500 | $420,000 |
| Average Days on Market | 19 | 11 |
| Median Days on Market | 10 | 5 |
Key Takeaways
- New listings per day have slightly declined, from 1.23 per day in January to 1.0 per day in February.
- Sales have slowed, with only 1 listing selling every 3 days so far in February, compared to 1 every 2 days in January.
- Homes are selling much faster, with median DOM dropping from 10 to just 5 days.
- Prices remain steady, with a slight decrease in average listing price and a small increase in median sold price.
Richland Market Update: How Does This Month’s Activity Compare to Last Month?
For Existing Construction, Single-Family, 1-Story Homes
Richland is seeing a major slowdown in new listings, while sales remain steady. The median sale price has dropped, but homes are selling much faster than before.
Market Activity (January vs. February First 10 Days)
| Metric | January 2025 | February 2025 (First 10 Days) |
|---|---|---|
| Total New Listings | 22 | 2 |
| New Listings Per Day | 1 listing every 1 days | 1 listing every 5 days |
| Total Sold Listings | 20 | 4 |
| Sold Listings Per Day | 1 listing every 2 days | 1 listing every 2 days |
| Average Listing Price | $485,886 | $389,950 |
| Median Listing Price | $464,900 | $389,950 |
| Average Sold Price | $464,857 | $494,750 |
| Median Sold Price | $467,500 | $414,500 |
| Average Days on Market | 33 | 6 |
| Median Days on Market | 25 | 6 |
Key Takeaways
- New listings per day have dropped significantly, from 1 listing every 1 days in January to just 1 every 5 days in February.
- Sales per day remain steady, with 1 home selling every 2 days in both months.
- Homes are selling much faster, with median DOM dropping from 25 days to just 6 days.
- The average sold price increased, suggesting that well-priced homes are still commanding strong offers.
Pasco Market Update: How Does This Month’s Activity Compare to Last Month?
For Existing Construction, Single-Family, 1-Story Homes
Pasco has seen a major increase in listing prices, but sales have slowed down significantly. With new listings appearing at a slower rate and fewer sales, it remains to be seen if higher prices will hold.
Market Activity (January vs. February First 10 Days)
| Metric | January 2025 | February 2025 (First 10 Days) |
|---|---|---|
| Total New Listings | 34 | 7 |
| New Listings Per Day | 1.1 per day | 1 listing every 1 days |
| Total Sold Listings | 28 | 1 |
| Sold Listings Per Day | 1 listing every 1 days | 1 listing every 10 days |
| Average Listing Price | $469,721 | $662,386 |
| Median Listing Price | $406,450 | $612,900 |
| Average Sold Price | $414,627 | $500,000 |
| Median Sold Price | $399,400 | $500,000 |
| Average Days on Market | 40 | 4 |
| Median Days on Market | 19 | 3 |
Key Takeaways
- New listings per day have slowed slightly, from 1.1 per day in January to 1 listing every 1 days in February.
- Sales per day have dropped sharply, from 1 listing every 1 days in January to just 1 every 10 days in February.
- Listing prices have increased significantly, while only one home has sold so far this month.
- Homes are selling much faster, with median DOM dropping from 19 days to just 3 days.
West Richland Market Update: How Does This Month’s Activity Compare to Last Month?
For Existing Construction, Single-Family, 1-Story Homes
West Richland is seeing a decline in new listings, but sales have remained stable. Prices are fluctuating, and homes are selling faster than before.
Market Activity (January vs. February First 10 Days)
| Metric | January 2025 | February 2025 (First 10 Days) |
|---|---|---|
| Total New Listings | 6 | 2 |
| New Listings Per Day | 1 listing every 5 days | 1 listing every 5 days |
| Total Sold Listings | 6 | 3 |
| Sold Listings Per Day | 1 listing every 5 days | 1 listing every 3 days |
| Average Listing Price | $540,617 | $427,450 |
| Median Listing Price | $532,400 | $427,450 |
| Average Sold Price | $438,817 | $547,608 |
| Median Sold Price | $462,500 | $460,000 |
| Average Days on Market | 16 | 3 |
| Median Days on Market | 17 | 3 |
Key Takeaways
- New listings per day remain stable, at 1 listing every 5 days in both months.
- Sales per day have increased, from 1 listing every 5 days to 1 every 3 days, meaning more buyers are securing homes.
- Homes are selling extremely fast, with the median DOM dropping from 17 days to just 3 days.
- Despite lower listing prices, the average sold price has increased, suggesting that buyers are willing to pay more for available homes.
For expert guidance on buying or selling an existing 1-story home, contact ryan@kenmoreteam.com or call 509.987.4544.