Market Focus: What’s Been Happening Over the Last 180 Days
We’ve analyzed the most recent 6-month window of real estate activity in West Richland’s new construction, single-family home market. This post explores how the market has evolved since our 12-month review—especially in terms of inventory levels, pricing, days on market, and sales velocity. This focused review captures trends from October 2024 through March 2025.
Inventory & Market Activity
| Metric | Value |
|---|---|
| Total Listings | 6 listings |
| New Listings per Day | 1 every 30 days |
| Homes Sold | 5 homes |
| Homes Sold per Day | 1 every 36 days |
Compared to the 12-month period, the market has remained consistent in terms of pace. Six new homes hit the market over the past 180 days—equating to one new build every month. Five of those sold, indicating demand has largely kept up with supply.
Price Movement & Trends
| Price Metric | Value |
|---|---|
| Avg. Original List Price | $650,117 |
| Median Original List Price | $651,850 |
| Avg. Final Sale Price | $714,800 |
| Median Final Sale Price | $796,000 |
There’s a continued upward push in pricing. Sellers are netting strong results at closing—with average sale prices roughly $64,000 higher than initial asking. This reinforces that buyer interest in well-finished new construction remains high.
Speed of Sale
| DOM Metric | Value |
|---|---|
| Avg. Days on Market (Sold) | 61 days |
| Median Days on Market | 254 days |
The average days on market improved significantly from the 12-month view, dropping from 115 to 61 days. That’s a strong sign that demand has picked up and homes are selling faster overall. The median, while still elevated, reflects a few homes that took longer to move.
Price per Square Foot & Home Size
| Sq Ft Metric | Value |
|---|---|
| Avg. Price per Sq Ft (Sold) | $182.34 |
| Median Price per Sq Ft | $293.65 |
| Avg. Home Size (Sold) | 2,671 sq ft |
| Median Home Size | 2,535 sq ft |
Buyers continue to pay a premium for quality new construction, especially for homes with modern layouts and finishes. The sharp jump in median price per square foot (up from $267 to $293) signals that high-efficiency or luxury finishes are commanding top dollar.
Buyer & Seller Scores
Using the 180-day algorithm from the scoring model, here’s how the leverage breaks down:
- Buyer’s Score: 4.23
Buyers are gaining a bit more room to negotiate as days on market improve and listing volume increases slightly. - Seller’s Score: 5.77
Sellers still hold an edge but should expect to negotiate more than they did during the previous 12 months.
Market Takeaways for Buyers & Sellers
For Sellers:
- The market is still working in your favor, especially for well-priced homes with high-end finishes.
- With lower average days on market, buyers are acting faster—but only if the home is move-in ready and competitively priced.
- A slightly more balanced market means setting the right price is more critical than before.
For Buyers:
- More leverage is emerging compared to last year. You may find opportunities to negotiate, especially on homes that have been listed for a few months.
- However, expect competition on highly desirable listings that are priced right and marketed well.
- Being prepared and working with an agent who understands this fast-moving segment is key.
Final Thoughts
West Richland’s new construction market is shifting toward a more balanced position. While sellers continue to see strong outcomes, the subtle rise in buyer leverage and faster sale times indicate a healthier, more dynamic marketplace. If trends continue, we could see more new builds coming to market to meet this steady demand.
Whether you’re looking to build, buy, or sell, understanding the timing and strategy that works for this unique new construction market can help you make smarter moves.