Pasco remains a key area in the Tri-Cities housing market, with price fluctuations reflecting shifting buyer and seller dynamics. Whether you are looking to buy or sell, understanding recent pricing trends can help you make more informed real estate decisions.
This analysis compares January 2025 (last full month) and February 2025 (current month) data to provide insights into listing prices, final sales prices, and price per square foot trends in Pasco.
Pasco Pricing Trends: January vs. February 2025
Average Listing Price
- January 2025: $720,382
- February 2025: $536,998
Key Takeaway: The average listing price dropped by 25.4%, suggesting an influx of more affordable homes into the market or sellers adjusting to attract buyers.
Median Listing Price
- January 2025: $563,073
- February 2025: $485,850
Key Takeaway: The median listing price decreased by 13.7%, reinforcing the trend that Pasco’s market is adjusting to favor buyers more than it did in January.
Final Sold Price (Average)
- January 2025: $545,397
- February 2025: $513,425
Key Takeaway: The average final sold price dropped by 5.9%, indicating that buyers are negotiating better deals than they were in January.
Final Sold Price (Median)
- January 2025: $456,850
- February 2025: $440,325
Key Takeaway: The median final sold price declined by 3.6%, showing a small but noticeable shift toward lower home prices in Pasco.
Price Per Square Foot Trends
Average Price Per Square Foot
- January 2025: $303.83
- February 2025: $285.23
Key Takeaway: The price per square foot declined by 6.1%, meaning buyers are now getting more home for their money compared to January.
Median Price Per Square Foot
- January 2025: $296.49
- February 2025: $281.76
Key Takeaway: The median price per square foot dropped by 5%, reinforcing the idea that sellers are adjusting to meet buyer demand.
What This Means for Buyers and Sellers
For Buyers:
- Lower listing and final sales prices create a favorable environment.
- More negotiating power is emerging, with buyers securing better deals compared to January.
- Larger homes are becoming more accessible, as price per square foot has declined.
For Sellers:
- Pricing competitively is crucial, as buyers are showing resistance to overpricing.
- Slight price reductions are making homes more attractive to buyers.
- Homes are still selling, but at slightly lower final prices than in January.
Final Thoughts: Are Prices Going Up or Down?
Pasco’s market is currently favorable for buyers, with lower listing prices, declining sales prices, and decreasing price per square foot. While this doesn’t indicate a market downturn, it does suggest that buyers have more room to negotiate.
If you are looking to buy, this could be the right time to secure a home at a lower price before competition picks up again. If you are looking to sell, working with an agent to price competitively can help ensure a quicker sale at a fair value.
Need Help Navigating the Market?
For expert guidance on buying or selling in Pasco, reach out to ryan@kenmoreteam.com or call 509.987.4544. A well-informed approach can help you get the best deal in a shifting market.
This analysis provides a data-driven perspective on Pasco’s pricing trends in early 2025.