If you’re thinking about buying or selling a home in West Richland, understanding how many homes are listed each day can help you make the best decision. Over the past 12 months, the rate at which homes enter the market has shifted, affecting both buyers and sellers. Let’s dive into the numbers and explore what’s changed, what’s happening now, and what this means for anyone looking to enter the market.
Daily Listing Rates: A Changing Market
One of the biggest shifts in the West Richland housing market has been the number of homes listed each day. Over the past 12 months, 110 single-story homes were listed, averaging about 1 new listing every 3.3 days. That’s a steady flow of homes entering the market, but things have changed in recent months.
- Year to Date (YTD): So far in 2025, 20 homes have been listed, averaging 1 new listing every 3.3 days. This is consistent with last year’s rate but suggests no significant increase in seller activity.
- Last Full Month (February 2025): In February, 13 homes were listed, translating to 1 new listing every 2.2 days—a slight increase in activity compared to the YTD trend.
- Current Month (March 2025): So far, 1 home has hit the market, averaging 1 new listing every 7 days. This suggests a significant slowdown compared to prior months.
What This Means
While new listings per day have remained relatively steady over the past year, the sharp decline in March suggests fewer homes are entering the market. If you’re a seller, this means less competition and potentially higher offers. If you’re a buyer, the drop in daily listings means fewer options, so you’ll need to act fast when a home becomes available.
Comparing Market Trends Over Different Timeframes
The number of homes listed per day fluctuates depending on the timeframe:
- 12-Month Average: 1 new listing every 3.3 days
- YTD (2025) Average: 1 new listing every 3.3 days
- Last Full Month (February 2025) Average: 1 new listing every 2.2 days
- Current Month (March 2025) Average: 1 new listing every 7 days
This comparison shows that February saw an increase in new listings per day, while March has slowed down dramatically.
Price Trends: Asking Price vs. Selling Price
Let’s talk numbers. Are homes selling for what they’re listed for? Here’s what the data tells us:
- 12-Month Trend: The average original listing price was $496,061, while the final sales price averaged $486,764. The median listing price was $459,999, with a median final price of $460,000.
- YTD (2025): The average listing price so far in 2025 is $536,875, and the final price is $534,335—showing that sellers are getting very close to their asking price.
- Last Full Month (February 2025): The average listing price was $521,000, and the final price was $519,845—an even smaller gap than the YTD trend.
- Current Month (March 2025): Listings so far have averaged $679,900, and the final sale prices have averaged $730,000.
What This Means
Over the past year, sellers had to accept slightly lower offers, but in recent months, that gap has almost disappeared. In March, the final sales price even exceeded the listing price, indicating that demand is outpacing supply and buyers are willing to pay a premium.
Buyer and Seller Scores: Who Holds the Power?
One of the most useful indicators of market conditions is the buyer and seller scores, which show who has more leverage.
- 12-Month Buyer Score: 2.6 (Weaker for buyers)
- 12-Month Seller Score: 7.4 (Strong for sellers)
- YTD Buyer Score: 3.4 (Still weak for buyers)
- YTD Seller Score: 6.6 (Slightly weaker for sellers than last year)
- Last Full Month Buyer Score: 4.0 (Slightly better for buyers)
- Last Full Month Seller Score: 6.0 (A more balanced market)
- Current Month Buyer Score: 0.1 (Extremely low for buyers)
- Current Month Seller Score: 9.9 (Very strong for sellers)
What This Means
Sellers have had the upper hand over the past year, but in March, seller leverage is at its highest point. With almost no buyer negotiating power and fewer homes entering the market, sellers can set higher prices and receive strong offers. For buyers, this means competition is intense, and making a competitive offer is essential.
Days on Market: How Fast Are Homes Selling?
Another critical factor in understanding the market is how quickly homes are selling.
- 12-Month Average DOM: 44 days
- 12-Month Median DOM: 16 days
- YTD Average DOM: 16 days
- YTD Median DOM: 7 days
- Last Full Month Average DOM: 10 days
- Last Full Month Median DOM: 7 days
- Current Month Average DOM: 1 day
- Current Month Median DOM: 1 day
What This Means
Homes are selling significantly faster than they did a year ago. While the average time on the market was 44 days last year, homes in March 2025 are selling within a single day. This is a clear sign that demand is high, and buyers must be ready to move immediately.
Key Takeaways for Buyers and Sellers
For Sellers:
✅ It’s a great time to sell! Inventory is low, and homes are selling quickly, often at or above asking price. ✅ You hold the negotiating power. With strong seller scores and homes selling fast, you can be firm on price and terms. ✅ Price your home competitively. While buyers are eager, a well-priced home will sell even faster, potentially with multiple offers.
For Buyers:
⚠ Be ready to act fast. Homes are selling in just one day, so have your finances in order and be ready to make an offer quickly. ⚠ Expect competition. You may face multiple offers, so consider offering above asking price if you really want a home. ⚠ Know your limits. It’s easy to get caught up in a bidding war, but make sure your offer aligns with your budget.
Final Thoughts
The West Richland real estate market remains highly competitive, with extremely low buyer leverage and rapidly decreasing inventory. Daily listing rates have slowed dramatically in March, driving up competition. If you’re thinking about selling, now is a great time to capitalize on high demand. If you’re a buyer, be prepared to act fast and make competitive offers.
Need expert guidance? Reach out to a trusted real estate professional who can help you navigate this dynamic market!