For home buyers in Pasco, the price range of your home search can greatly impact how much negotiating power you have. By analyzing inventory levels, market speed, price trends, and overall buyer-seller scores, we rank these price points from best to worst for home buyers.
Best Price Points for Buyers (Most Favorable to Least Favorable)
1. $750,000 – $850,000 (Most Buyer-Friendly Market)
- Inventory Speed: An average of 1 new listing every 14 days, totaling 26 listings YTD.
- Original vs. Final Prices: Homes list for $841,125 and sell for $819,573, showing strong negotiation potential.
- Days on Market: Homes stay on the market for 16.6 days on average, the longest among all price points.
- Buyer’s Market Score: 7.7 (Most favorable market for buyers in Pasco)
✅ Why It’s the Best for Buyers: High-end inventory is moving slowly, allowing for better deals and more negotiation room.
2. $850,000 – $1,000,000
- Inventory Speed: 1 new listing every 12 days, totaling 7 listings YTD.
- Original vs. Final Prices: Homes list for $804,871 and sell for $801,371, indicating some negotiation power.
- Days on Market: Homes sell in 12.5 days on average.
- Buyer’s Market Score: 5.5
✅ Why It’s Good for Buyers: While not as favorable as the $750K-$850K range, buyers still have leverage in negotiations.
3. $1,000,000 and Higher
- Inventory Speed: 1 new listing every 14 days, totaling 6 listings YTD.
- Original vs. Final Prices: Homes list for $1,125,500 and sell for $1,215,000, but longer market times provide leverage.
- Days on Market: Homes sell in 28 days on average, one of the longest in Pasco.
- Buyer’s Market Score: 5.9
✅ Why It’s Decent for Buyers: Prices remain strong, but higher-priced homes take longer to sell, giving buyers some room to negotiate.
4. $650,000 – $750,000
- Inventory Speed: 1 new listing every 7 days, totaling 12 listings YTD.
- Original vs. Final Prices: Homes list for $712,983 and sell for $705,150.
- Days on Market: Homes sell in 7 days on average.
- Buyer’s Market Score: 6.7
✅ Why It’s Neutral for Buyers: Inventory is slightly more competitive, but buyers still have some leverage.
Worst Price Points for Buyers (Most Competitive Markets)
5. $550,000 – $650,000
- Inventory Speed: 1 new listing every 4.7 days, totaling 18 listings YTD.
- Original vs. Final Prices: Homes list for $599,849 and sell for $588,188.
- Days on Market: Homes sell in 7.5 days on average.
- Buyer’s Market Score: 3.5
⚠️ Why It’s Tough for Buyers: Demand is still strong, reducing negotiation room.
6. $450,000 – $550,000
- Inventory Speed: 1 new listing every 3 days, with 28 listings YTD.
- Original vs. Final Prices: Homes list for $487,811 and sell for $485,139.
- Days on Market: Homes sell in 4.2 days on average.
- Buyer’s Market Score: 1.8
⚠️ Why It’s Challenging: Homes move quickly, leaving buyers with less time and fewer negotiating opportunities.
7. $350,000 – $450,000
- Inventory Speed: 1 new listing every 1.3 days, totaling 63 listings YTD.
- Original vs. Final Prices: Homes list for $396,417 and sell for $396,619.
- Days on Market: Homes sell in 4.2 days on average.
- Buyer’s Market Score: 1.1
⚠️ Why It’s Hard for Buyers: High competition, quick sales, and strong seller leverage make this a difficult price range for buyers.
8. $0 – $350,000 (Most Competitive, Least Buyer-Friendly Market)
- Inventory Speed: 1 new listing every 6 days, with 14 listings YTD.
- Original vs. Final Prices: Homes list for $290,350 and sell for $290,643, showing little room for negotiation.
- Days on Market: Homes sell in 12.5 days on average, the shortest of all price points.
- Buyer’s Market Score: 0.7 (Least buyer-friendly market in Pasco)
🚨 Why It’s the Worst for Buyers: Extremely low inventory and high demand mean homes sell fast, with little room for negotiation.
Final Thoughts for Buyers
- If you want the most negotiation power, homes priced between $750K-$850K offer the best conditions for buyers.
- If you’re shopping in lower price ranges, be prepared for high competition and limited time to act.
- The mid-tier ranges between $450K and $650K favor sellers, making it more difficult for buyers to negotiate deals.
For personalized real estate assistance in Pasco, reach out to ryan@kenmoreteam.com or call 509.987.4544. Understanding market conditions will help you make the best buying decisions!