This market update provides a focused view of new construction, single-family home activity in Richland over the past 30 days. By analyzing new listings, sales pace, pricing, and time on market, we can see how short-term conditions are evolving and what they mean for buyers and sellers heading into spring.
The March 2025 data includes all new construction homes with no limitations on price or square footage. This summary highlights the speed of inventory turnover, pricing accuracy, and leverage conditions using both historical comparison and custom scoring.
March 2025 Market Snapshot
| Metric | Value |
|---|---|
| Total Listings | 36 |
| New Listings per Day | 1.16 |
| Total Homes Sold | 25 |
| Homes Sold per Day | 0.81 |
| Average Original Listing Price | $601,770 |
| Median Original Listing Price | $593,950 |
| Average Final Sales Price | $601,770 |
| Median Final Sales Price | $593,950 |
| Price Difference (% Avg.) | 0.00% difference |
| Average Days on Market (DOM) | 107 |
| Median Days on Market (DOM) | 78 |
| Highest DOM | 447 days |
| Average Sq. Ft. (sold homes) | 2,098 sq. ft. |
| Average Price/Sq. Ft. (sold) | $288.97 |
Market Insights and Trends
Inventory and Listings
March saw 36 new listings, a noticeable jump from the 90-day monthly average of approximately 33 listings. At 1.16 new listings per day, this was the most active month for new inventory so far this year, suggesting builders are ramping up spring availability.
Sales Activity
With 25 homes sold during the month, the sales pace was consistent at 0.81 per day, matching the 90-day trend. The market remained efficient in absorbing inventory, even with increased listings.
Pricing Stability
The most impressive statistic this month is that average and median final sale prices matched their original listing prices exactly. This signals a very tight pricing environment, where sellers are listing at the right price and buyers are meeting those expectations without significant negotiation.
This is a strong sign of confidence in the market and may reflect increased competition among buyers or strategic pricing from sellers.
Days on Market
- Average DOM increased slightly to 107 days (from 85 days in the 90-day dataset).
- Median DOM dropped sharply to 78 days, suggesting many homes are selling more quickly, while a few listings with longer timelines pulled the average up.
This tells a story of two segments: well-priced homes moving quickly, and others lingering—likely due to pricing, lot selection, or unique features.
Buyer and Seller Leverage Scores
According to the custom scoring model for the 30-day period:
| Segment | Score | Interpretation |
|---|---|---|
| Buyer Score | 4.38 | Moderate leverage for buyers |
| Seller Score | 5.62 | Strong, but balanced, seller conditions |
Compared to the 90-day period:
- Seller score decreased slightly (from 6.46 to 5.62), showing a slight easing in seller leverage.
- Buyer score increased (from 3.54 to 4.38), suggesting improving conditions for buyers who are prepared to act quickly.
The market appears to be shifting toward balance, with buyers gaining a bit more room to maneuver without compromising seller outcomes.
Conclusion
March 2025 delivered a highly active and tightly priced market for new construction homes in Richland. While more listings entered the market, the number of sales held strong, and homes sold at full price with impressive consistency.
For buyers, the key takeaway is speed. With median days on market dropping and homes selling at list price, acting quickly remains essential. The slight improvement in buyer leverage also provides some flexibility for negotiations on slower-moving homes.
For sellers and builders, the data reflects continued strength. Listings are being met with real demand, and strategic pricing is paying off with minimal days on market and full-price closings.
As spring continues, we will be watching to see if increased inventory continues and whether buyer demand keeps pace. For now, Richland’s new construction market is showing strength, efficiency, and momentum.
Let me know if you’d like this adapted into a branded market flyer or included in a quarterly summary package.