Creekstone, one of Kennewick’s more popular neighborhoods, offers valuable insights into the real estate market for buyers and sellers alike. By examining trends from the past 12 months, year-to-date (YTD) activity, and recent months, this analysis highlights the dynamics of the Creekstone market. Whether you’re considering buying or selling, these data-driven insights will guide your decisions.
Key Market Trends
Trend 1: Moderate Inventory Levels
- Over the past 12 months, Creekstone averaged 1 new listing every 3.3 days, totaling 112 listings.
- In the last full month (December 2024), the market saw 1 new listing every 5.2 days, with 6 total listings.
- Year-to-date (January 2025), 11 listings have come to market, averaging 1 listing every 2.5 days.
- Conclusion: Creekstone’s inventory remains steady, providing opportunities for both buyers and sellers.
Trend 2: Consistent Sales Activity
- Over the past 12 months, Creekstone saw 82 homes sold, equating to 1 sale every 4.5 days.
- In December 2024, 8 homes were sold, averaging 1 sale every 3.9 days.
- Year-to-date (January 2025), 5 homes have been sold, equating to 1 sale every 6.2 days.
- Conclusion: While the pace of sales has slightly slowed in January, the market remains active and competitive.
Price Analysis
Trend 3: Stable Listing Prices
- Over the past 12 months, the average original listing price was $510,757, with a median of $479,900.
- In December 2024, the average listing price was $469,550, with a median of $464,950.
- Year-to-date (January 2025), the average listing price is $477,318, with a median of $439,900.
- Conclusion: Listing prices have remained stable, offering predictability for buyers and sellers.
Trend 4: Slight Decrease in Final Sale Prices
- Over the past 12 months, the average final sale price was $500,262, with a median of $470,000.
- In December 2024, the average final sale price was $465,788, with a median of $466,700.
- Year-to-date (January 2025), the average final sale price is $510,200, with a median of $511,000.
- Conclusion: Final sale prices in January show an uptick, suggesting buyer confidence and competition.
Trend 5: Strong Price Per Square Foot
- Over the past 12 months, the average price per square foot was $234.66, with a median of $236.35.
- In December 2024, the average price per square foot increased to $250.21, with a median of $261.84.
- Year-to-date (January 2025), the average price per square foot is $241.29, with a median of $254.44.
- Conclusion: The slight increase in price per square foot indicates sustained demand for Creekstone homes.
Buyer and Seller Dynamics
Trend 6: Balanced Buyer-Seller Conditions
- Over the past 12 months, Creekstone’s buyer score was 3.0, and the seller score was 7.0, indicating a seller-favorable market.
- In December 2024, the buyer score dropped to 0.9, and the seller score increased to 9.1, showcasing a strong seller’s market.
- Year-to-date (January 2025), the buyer score is 3.3, and the seller score is 6.7, reflecting a balanced market.
- Conclusion: While December strongly favored sellers, January’s balanced scores indicate improved conditions for buyers.
Summary of Key Insights
- Market Activity: Inventory levels are steady, with consistent sales activity reflecting strong market engagement.
- Sales Speed: Homes in Creekstone continue to sell quickly, with average days on market remaining competitive.
- Pricing Trends: Listing and final sale prices are stable, with slight increases in January signaling a healthy market.
- Buyer-Seller Dynamics: While December favored sellers, the market appears more balanced in the new year.
Final Thoughts
The housing market in Creekstone is characterized by steady inventory, consistent sales, and strong price trends. Sellers benefit from minimal price reductions and competitive demand, while buyers can take advantage of a balanced market in early 2025.
For personalized advice or to discuss buying or selling in Creekstone, contact ryan@kenmoreteam.com or call 509.987.4544. With expert guidance, you can navigate this dynamic market and achieve your real estate goals.