As of 2024 Year to Date, the Kennewick real estate market for existing single-family homes within a 1-mile radius of the Creekstone neighborhood in West Kennewick offers valuable insights for both buyers and sellers. This comprehensive analysis evaluates key market trends, including inventory levels, price movements, and days on market.
| Category | Buyer Score | Seller Score |
|---|---|---|
| Creekstone (West Kennewick) | 5.8 | 8.3 |
Insights for the Creekstone Neighborhood
A Market with High Demand and Rapid Turnover
The Creekstone neighborhood housing market has shown strong activity in 2024, with 107 total listings year to date and 78 successfully sold. This equates to approximately 0.33 new listings and 0.24 closed transactions per day, highlighting steady movement.
Price Trends
- Total Listings:
- Original listing price range: $315,000–$1,190,000
- Median original price: $475,000
- Median adjusted price: $460,000
- Sold Listings:
- Final sale price range: $280,000–$999,000
- Median original price: $450,000
- Median final price: $449,900
- Observation: Adjusted listing prices closely match sold prices, reflecting realistic seller expectations and high demand.
Days on Market
- Total Listings: Median of 26 days
- Sold Listings: Median of 16 days
- Conclusion: Sold listings move significantly faster, indicating strong buyer interest and rapid sales.
Home Sizes
- Total Listings: Median size of 2,122 sqft
- Sold Listings: Median size of 1,859 sqft
- Conclusion: Buyers are favoring slightly smaller, well-priced homes.
Price Per Square Foot
- Total Listings: Median price: $230.52/sqft
- Sold Listings: Median price: $232.62/sqft
- Conclusion: Sold homes maintain slightly higher prices per square foot, reflecting strong competition for quality properties.
Market Scores
The Creekstone area scores reflect current market dynamics:
- Buyer Score: 5.8/10
- Limited inventory and rapid turnover pose challenges.
- Moderate pricing per square foot offers opportunities.
- Seller Score: 8.3/10
- Fast-moving listings ensure minimal time on market.
- Strong demand reduces the need for price reductions.
My Conclusion
The Creekstone neighborhood in Kennewick is a balanced market with strong attributes for sellers due to high demand and rapid sales. While buyers face challenges in inventory availability, competitive pricing and realistic seller expectations provide value in this fast-moving market.
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