Welcome to our latest market analysis for the Kennewick real estate market. If you’re a buyer or seller in the area, understanding key trends across different price ranges can give you the competitive edge you need. In this post, we’ll break down market conditions for homes priced between $400,000 and $550,000, highlighting the differences between each segment. Whether you’re planning to buy or sell, this analysis will help you make informed decisions.
- Discover how each price range is performing in terms of inventory, pricing, and sales speed.
- Learn how buyer and seller scores reveal market dynamics.
- Identify which price range favors sellers the most and where buyers have the upper hand.
- See how early 2025 compares to late 2024 in key market metrics.
Homes Priced Between $500,000 & $550,000
This price range remains highly competitive:
- Past 12 Months: 80 listings, 52 sales, with homes averaging 64 days on market. Buyer score: 2.4; Seller score: 7.6.
- YTD & Current Month: 3 listings, all sold, with homes averaging just 7 days on market. Buyer score: 1.3; Seller score: 8.7.
- Last Full Month: 6 listings, 5 sales, averaging 65 days on market. Buyer score: 2.1; Seller score: 7.9.
Conclusion: Early 2025 shows stronger seller leverage, faster sales, and minimal price reductions, making it a challenging market for buyers.
Homes Priced Between $450,000 & $500,000
This segment has seen significant shifts:
- Past 12 Months: 112 listings, 86 sales, with homes averaging 61 days on market. Buyer score: 3.6; Seller score: 6.4.
- YTD & Current Month: 2 listings, no sales, with homes averaging 77 days on market. Buyer score: 7.7; Seller score: 2.3.
- Last Full Month: 10 listings, 10 sales, with homes averaging 47 days on market. Buyer score: 1.1; Seller score: 8.9.
Conclusion: While late 2024 showed strong seller conditions, early 2025 offers buyers more leverage due to slower sales activity.
Homes Priced Between $400,000 & $450,000
The lowest price range experienced notable shifts:
- Past 12 Months: 184 listings, 147 sales, with homes averaging 47 days on market. Buyer score: 1.8; Seller score: 8.2.
- YTD & Current Month: 10 listings, 2 sales, with homes averaging 21 days on market. Buyer score: 3.3; Seller score: 6.7.
- Last Full Month: 9 listings, 13 sales, with homes averaging 45 days on market. Buyer score: 0.7; Seller score: 9.3.
Conclusion: Early 2025 shows a dip in demand compared to late 2024. Buyers currently have more leverage, though sellers can still expect quick sales for well-priced homes.
Final Insights by Price Range
- $500,000 – $550,000: Strong seller leverage with minimal negotiation. Homes are moving quickly with little room for buyers to negotiate.
- $450,000 – $500,000: A shift toward a buyer’s market in early 2025, with fewer sales and longer days on market.
- $400,000 – $450,000: Slower demand in early 2025 compared to late 2024, but homes that sell do so quickly.
Contact Us
If you’re planning to buy or sell in Kennewick, understanding these trends is key to making smart decisions. Sellers can take advantage of the current high demand, while buyers should prepare to act quickly in competitive segments. For personalized advice, contact ryan@kenmoreteam.com or call 509.987.4544. Let’s make your real estate goals a reality!