When buyers and sellers evaluate the housing market, it helps to zoom in and out—looking both at neighborhood-level trends and metro-wide dynamics. In this post, we compare the past 12 months of market activity in Hansen Park neighborhood in Kennewick (within a 1-mile radius) to the broader Tri-Cities area. This snapshot includes only existing construction, single-family homes and provides insight into price points, sales pace, and market leverage.
Comparison Overview (Past 12 Months)
| Metric | Hansen Park | Tri-Cities Metro |
|---|---|---|
| Total Listings | 76 (1 every 4.8 days) | 3,865 (10.59 per day) |
| Total Sold | 67 (1 every 5.4 days) | 3,777 (10.35 per day) |
| Avg. List Price | $504,380 | $505,868 |
| Median List Price | $450,000 | $450,000 |
| Avg. Sale Price | $492,183 | $494,171 |
| Median Sale Price | $448,750 | $443,000 |
| Avg. Days on Market | 30 | 38 |
| Median Days on Market | 30 | 44 |
| Buyer Score | 2.80 | 2.80 |
| Seller Score | 7.20 | 7.20 |
Key Takeaways
- Listing Activity: The Tri-Cities had vastly more listings and sales overall, but Hansen Park had a consistent pace of one listing every 4.8 days and one sale every 5.4 days.
- Prices: The average and median price points were nearly identical between the two areas, suggesting that Hansen Park mirrors the broader market in terms of pricing.
- Days on Market: Homes in Hansen Park sold faster, with both average and median DOM at 30 days compared to 38 and 44 days metro-wide. This indicates slightly higher demand or pricing precision in the neighborhood.
- Market Leverage: Both Hansen Park and the Tri-Cities earned the same Buyer Score (2.80) and Seller Score (7.20), showing strong seller conditions across the board.
Conclusion
Hansen Park’s market over the past year closely resembles the broader Tri-Cities landscape, but with a slight edge in speed. With faster closings and similar price performance, this neighborhood holds strong appeal for sellers. Meanwhile, buyers should expect competitive conditions but can benefit from closely watching DOM and neighborhood-level opportunities. Whether you’re looking to list or buy, the data shows Hansen Park is well-aligned with regional trends—but with just enough of a tempo boost to stand out.