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Kennewick Homes For Sale: Market Report 400,000 to 500,000

The Kennewick real estate market is bustling with activity, offering exciting opportunities for both buyers and sellers. By analyzing data from the past 12 months, year to date (YTD), the last full month, and the current month, we can uncover important trends in home listings, sales, and prices. This analysis focuses on single-family homes in Kennewick priced between $400,000 and $500,000.


Past 12 Months

  • Total Homes on Market per Day: An average of 1 new listing every 1.3 days, with 283 homes listed in total.
  • Homes Sold per Day: On average, 1 home sold every 1.6 days, totaling 222 homes sold.
  • Average and Median Prices:
    • Average original listing price: $452,755
    • Median original listing price: $449,900
    • Average final sold price: $441,438
    • Median final sold price: $439,950
  • Buyer’s Score: 3.2 – A competitive market for buyers.
  • Seller’s Score: 6.8 – Favorable conditions for sellers.

The past year shows a strong seller’s market, with homes selling relatively quickly. The average days on market (DOM) was 52 days, while the median was 31 days, indicating that most homes sold in about a month.


Year to Date (YTD)

  • Total Homes on Market per Day: So far in 2025, 1 listing per 1.3 days, with 18 total listings recorded.
  • Homes Sold per Day: 1 home sold every 4 days, with 6 homes sold to date.
  • Average and Median Prices:
    • Average original listing price: $441,411
    • Median original listing price: $439,900
    • Average final sold price: $439,750
    • Median final sold price: $435,250
  • Buyer’s Score: 4.5 – Conditions have improved for buyers compared to last year.
  • Seller’s Score: 5.5 – Sellers still have the advantage, but the market is more balanced.

Homes are selling faster this year, with an average DOM of 27 days and a median DOM of just 9 days, reflecting strong demand and competitive pricing.


Last Full Month (December 2024)

  • Total Homes on Market per Day: 1 new listing every 1.9 days, with 16 listings recorded.
  • Homes Sold per Day: 1 home sold every 1.4 days, totaling 22 homes sold.
  • Average and Median Prices:
    • Average original listing price: $452,230
    • Median original listing price: $450,000
    • Average final sold price: $442,714
    • Median final sold price: $447,450
  • Buyer’s Score: 1.7 – Buyers faced a tough market with high competition.
  • Seller’s Score: 8.3 – Sellers had a strong advantage in December.

December was an active month for sellers, with homes selling in an average of 56 days and a median of just 20 days, showing that many properties were moving quickly.


Current Month (January 2025)

  • Total Homes on Market per Day: So far in January, 1 listing every 1.3 days, with 18 listings recorded.
  • Homes Sold per Day: 1 home sold every 5.2 days, totaling 6 homes sold to date.
  • Average and Median Prices:
    • Average original listing price: $441,411
    • Median original listing price: $439,900
    • Average final sold price: $439,750
    • Median final sold price: $435,250
  • Buyer’s Score: 4.5 – A slight improvement for buyers compared to December.
  • Seller’s Score: 5.5 – The market remains favorable for sellers but is becoming more balanced.

Homes are selling faster in January, with an average DOM of 27 days and a median DOM of just 9 days, demonstrating strong demand.


Conclusion

Kennewick’s real estate market continues to favor sellers while showing signs of balance as we move into 2025. Here are the key trends:

  1. Market Speed: Homes are selling faster, with the average DOM dropping from 52 days last year to just 27 days in January 2025.
  2. Price Trends: Listing and sold prices remain steady, with homes consistently selling near their original listing price. This reflects strong buyer demand and seller confidence.
  3. Buyer and Seller Dynamics: While still a seller’s market, January’s improved buyer score of 4.5 shows better opportunities for buyers compared to December.

For sellers, this is an excellent time to list your home, as demand remains high and homes are moving quickly at competitive prices. Buyers should be prepared to act fast and make strong offers in this tight market.

For expert advice or assistance in buying or selling a home in Kennewick, contact ryan@kenmoreteam.com or call 509.987.4544. Working with a knowledgeable local team can help you navigate this exciting market with confidence.