For sellers in Pasco, the price range of your home can greatly influence how quickly it sells and how much negotiation power you have. By analyzing inventory levels, market speed, price trends, and overall seller-buyer scores, we rank these price points from best to worst for home sellers.
Best Price Points for Sellers (Most Favorable to Least Favorable)
1. $0 – $350,000 (Most Seller-Friendly Market)
- Inventory Speed: An average of 1 new listing every 6 days, with 14 listings YTD.
- Original vs. Final Prices: Homes list for an average of $290,350 and sell for $290,643, showing minimal reductions.
- Days on Market: Homes sell in 12.5 days on average, making this the fastest-moving price range.
- Seller’s Market Score: 9.3 (Strongest seller advantage in Pasco)
✅ Why It’s the Best for Sellers: High demand and low inventory create a competitive environment, often leading to bidding wars and quick sales.
2. $350,000 – $450,000
- Inventory Speed: An average of 1 new listing every 1.3 days, totaling 63 listings YTD.
- Original vs. Final Prices: Homes list for an average of $396,417 and sell for $396,619, showing strong seller control.
- Days on Market: Homes sell in 4.2 days on average.
- Seller’s Market Score: 8.9
✅ Why It’s Great for Sellers: High buyer competition ensures homes sell quickly and close to asking price.
3. $450,000 – $550,000
- Inventory Speed: 1 new listing every 3 days, with 28 listings YTD.
- Original vs. Final Prices: Homes list for an average of $487,811 and sell for $485,139, with minimal reductions.
- Days on Market: Homes sell in 4.2 days on average.
- Seller’s Market Score: 8.2
✅ Why It’s Favorable for Sellers: A strong market with steady demand and solid pricing.
4. $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.
- Seller’s Market Score: 7.9
⚖️ Why It’s Strong for Sellers: Good demand, though buyers start gaining some leverage.
Worst Price Points for Sellers (Most Challenging Markets)
5. $650,000 – $750,000
- Inventory Speed: 1 new listing every 7 days, with 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.
- Seller’s Market Score: 6.7
⚠️ Why It’s Challenging: Demand softens slightly, and homes stay on the market longer.
6. $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.
- Days on Market: Homes sell in 28 days on average.
- Seller’s Market Score: 5.9
⚠️ Why It’s Difficult: Buyers in this range have more negotiation leverage, making competitive pricing essential.
7. $850,000 – $1,000,000
- Inventory Speed: 1 new listing every 12 days, with 7 listings YTD.
- Original vs. Final Prices: Homes list for $804,871 and sell for $801,371.
- Days on Market: Homes sell in 12.5 days on average.
- Seller’s Market Score: 5.5
⚠️ Why It’s Tough for Sellers: Buyer leverage increases, requiring strategic pricing.
8. $750,000 – $850,000 (Most Buyer-Friendly, Least Seller-Friendly Market)
- Inventory Speed: 1 new listing every 14 days, totaling 26 listings YTD.
- Original vs. Final Prices: Homes list for $841,125 and sell for $819,573.
- Days on Market: Homes sell in 16.6 days on average.
- Seller’s Market Score: 2.3 (Most difficult market for sellers in Pasco)
🚨 Why It’s the Worst for Sellers: High-end inventory is moving slowly, and buyers have more negotiating leverage.
Final Thoughts for Sellers
- If you’re looking to sell quickly and at top dollar, homes priced between $0-$450K offer the best conditions for sellers.
- If your home is in the $750K-$850K range, be prepared for a longer sale process and potential price adjustments.
- The mid-tier ranges between $450K and $650K still favor sellers but require competitive pricing strategies.
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 selling decisions!