The housing market for existing 1-story homes in Kennewick, Richland, Pasco, and West Richland has seen notable shifts in buyer and seller conditions over the past four months. By examining the buyer and seller scores for each city, we can determine whether conditions are becoming more favorable for buyers or sellers and how market balance is changing at the city level.
The buyer score indicates how favorable conditions are for homebuyers, with a higher score favoring buyers. The seller score reflects how much leverage sellers have, with a higher score favoring sellers.
How Have Buyer and Seller Scores Changed by City?
| Month | Kennewick Buyer Score | Kennewick Seller Score | Richland Buyer Score | Richland Seller Score | Pasco Buyer Score | Pasco Seller Score | West Richland Buyer Score | West Richland Seller Score |
|---|---|---|---|---|---|---|---|---|
| November 2024 | 2.5 | 7.5 | 1.7 | 8.3 | 3.2 | 6.8 | 0.1 | 9.9 |
| December 2024 | 2.7 | 7.3 | 0.5 | 9.5 | 1.9 | 8.1 | 4.9 | 5.1 |
| January 2025 | 3.1 | 6.9 | 2.6 | 7.4 | 3.9 | 6.1 | 1.1 | 8.9 |
| February 2025 (First 10 Days) | 4.7 | 5.3 | 0.0 | 10.0 | 3.9 | 6.1 | 0.1 | 9.9 |
Key Takeaways: What Do These Trends Indicate?
1. Kennewick is Moving Toward a More Balanced Market
- Buyer score increased from 2.5 in November to 4.7 in February, meaning buyers have more negotiating power than before.
- Seller score dropped from 7.5 to 5.3, showing Kennewick is becoming more balanced, shifting away from a strong seller’s market.
- If this trend continues, Kennewick may see slower price growth and more competition among sellers.
2. Richland Remains a Strong Seller’s Market
- Buyer score dropped to 0.0 in February, meaning buyers have almost no leverage in negotiations.
- Seller score increased to 10.0, the highest among all cities, indicating sellers hold complete control over pricing and negotiations.
- With fewer listings and strong demand, Richland is the most competitive market for buyers.
3. Pasco Has Stabilized, But Buyers Hold More Power Than in Late 2024
- Buyer score increased from 1.9 in December to 3.9 in February, showing gradual improvement in buyer conditions.
- Seller score dropped from 8.1 in December to 6.1 in January and remained steady in February, suggesting a more balanced market compared to late 2024.
- This shift means Pasco is no longer an extreme seller’s market, allowing for more negotiation opportunities for buyers.
4. West Richland Remains Highly Seller-Friendly
- Buyer score is extremely low, dropping to 0.1 in February, meaning buyers have little to no leverage.
- Seller score rose back to 9.9 in February, showing that sellers are in full control.
- West Richland remains one of the most difficult markets for buyers, with strong demand and limited inventory driving competition.
What This Means for Buyers and Sellers in Each City
📌 For Sellers:
- Kennewick and Pasco sellers may need to adjust pricing expectations as the market shifts away from extreme seller dominance.
- Richland and West Richland remain highly competitive seller markets, where homes are likely to sell quickly with minimal negotiation.
📌 For Buyers:
- Kennewick and Pasco buyers now have more leverage than before, meaning more room to negotiate and fewer bidding wars.
- Richland and West Richland remain extremely competitive, requiring fast decision-making and strong offers to secure a home.
Final Thoughts
The market for existing 1-story homes in Kennewick, Richland, Pasco, and West Richland is shifting, with Kennewick and Pasco becoming more balanced, while Richland and West Richland remain strong seller’s markets.
For expert guidance on buying or selling an existing 1-story home in Kennewick, Richland, Pasco, or West Richland, contact ryan@kenmoreteam.com or call 509.987.4544.