90-Day Snapshot – January through March 2025
This report presents a clear view of Pasco’s new construction single-family home market over the past 90 days. It captures current pricing trends, inventory flow, sales performance, and time-on-market, offering insights into how the market has shifted in recent months.
This 3-month period is compared to the 180-day trend, which acts as the immediate baseline for interpreting change and momentum.
Key Market Metrics – Past 90 Days
| Metric | Value |
|---|---|
| Total Listings | 78 |
| Listings Per Day | 0.87 |
| Homes Sold | 73 |
| Sales Per Day | 0.81 |
| Average Original List Price | $625,211 |
| Median Original List Price | $491,875 |
| Average Final Sales Price | $526,393 |
| Median Final Sales Price | $476,995 |
| Average Days on Market | 94 |
| Median Days on Market | 114 |
| Average Price per Sq. Ft. | $276.68 |
| Median Price per Sq. Ft. | $283.18 |
| Buyer Score | 3.54 |
| Seller Score | 6.46 |
Inventory and Listing Activity
There were 78 new construction listings during this 90-day period, which translates to about 0.87 listings per day—a minor decline from the 180-day average of 0.91.
Insight: Listing activity has remained relatively stable, showing that builder confidence is still strong heading into the spring season, though tempered slightly compared to the prior six months.
Sales Performance
A total of 73 homes were sold, equating to 0.81 sales per day, which is a noticeable drop from the 180-day rate of 1.24/day.
Insight: The sales-to-listing ratio narrowed slightly. Fewer homes were sold each day even as new listings continued at a similar pace, indicating a softening in demand or more buyer hesitancy.
Pricing Trends
- Average original list price dipped slightly to $625,211, down from $633,615 in the previous period.
- Average final sale price held relatively steady at $526,393, compared to $532,869 in the prior 180 days.
- The gap between list and sale price remains wide, at roughly 15.81 percent.
Interpretation: Sellers are continuing to overprice relative to where buyers are willing to transact. Buyers remain price-sensitive, and downward adjustments are still required to close deals.
Days on Market (DOM)
- Average DOM increased from 79 (180-day period) to 94 days.
- Median DOM also rose significantly to 114 days, up from 96.
Insight: Homes are taking longer to sell, and the increase in median DOM confirms that more listings are experiencing extended time on the market. This is a clear sign of reduced urgency among buyers.
Price per Square Foot
- Average: $276.68
- Median: $283.18
These metrics remain strong and consistent with the longer-term trend of high price-per-foot efficiency in the Pasco new construction segment.
Interpretation: While total sales prices may be softening, buyers continue to pay competitive rates for space. This suggests value is being maintained through layout efficiency or home features.
Buyer and Seller Market Scores
Calculated using the 90-day weighting in the provided scoring algorithm:
| Score Type | Value | Description |
|---|---|---|
| Buyer Score | 3.54 | Buyers have moderate leverage |
| Seller Score | 6.46 | Sellers continue to hold favorable position |
Interpretation: Sellers still maintain an edge, but with increased days on market and price sensitivity, the market is beginning to shift. Buyers are cautious, which opens the door for negotiations on overlisted homes.
Market Summary Table
| Category | 180-Day Avg. | 90-Day Value | Trend |
|---|---|---|---|
| Listings/Day | 0.91 | 0.87 | Slight decline |
| Sales/Day | 1.24 | 0.81 | Noticeable drop |
| Avg. DOM | 79 | 94 | Slower market |
| Price vs. List | -15.89% | -15.81% | Stable but still wide gap |
| Avg. Price/Sq. Ft. | $281.97 | $276.68 | Slight softening |
| Buyer Score | 4.23 | 3.54 | Buyer leverage decreasing |
| Seller Score | 5.77 | 6.46 | Seller position slightly stronger |
Final Thoughts
The past 90 days in Pasco’s new construction market show early signs of imbalance: listing activity remains healthy, but sales are trailing behind. Homes are sitting longer, and prices are still being negotiated downward from original list levels.
For buyers, the extended time on market offers a chance to shop more carefully and negotiate pricing—particularly for homes that have been listed for more than 90 days.
For sellers and builders, the message is clear: pricing strategically from the start matters more than ever. Homes that are overpriced or under-marketed are sitting longer, while well-positioned listings are still moving efficiently.
This is a market that rewards preparation, awareness of competition, and flexibility—on both sides of the transaction.