The Kennewick real estate market for new construction continues to evolve, showing clear shifts in buyer and seller dynamics. As one of the fastest-growing cities in the Tri-Cities, Kennewick remains a sought-after destination for homebuyers.
By examining data from the past 12 months, year-to-date (YTD), the last full month, and the current month, we can see key trends impacting home prices, listing activity, and days on market. With buyer and seller scores providing additional insight, this analysis will help buyers and sellers make informed real estate decisions.
Market Overview: A Year in Review
Over the past 12 months, Kennewick saw 271 new listings, averaging 1.4 new listings per day. During the same period, 146 homes sold, averaging one sale every 2.5 days.
Pricing Trends
- Average Listing Price: $576,288
- Median Listing Price: $499,900
- Final Sold Price (Avg.): $555,969
- Final Sold Price (Median): $487,574
- Price per Sq. Ft. (Avg.): $288.46
Days on Market (DOM)
- Average DOM: 148 days
- Median DOM: 132 days
- Maximum DOM: 990 days
Market Conditions
- Buyer Score: 6.7 (Indicating a market favoring buyers)
- Seller Score: 3.3 (Suggesting sellers had to be competitive)
Key Takeaway: The longer average days on market and the higher buyer score suggest that buyers had strong negotiating power over the past year.
Year-to-Date: Kennewick’s 2025 Performance
So far in 2025, 33 listings have hit the market, translating to 1 new listing every 1.6 days. Meanwhile, 12 homes have sold, equating to one sale every 4.3 days.
Year-to-Date Buyer & Seller Scores
- Buyer Score: 5.1
- Seller Score: 4.9
This shift toward a more balanced market indicates that sellers are regaining leverage, though buyers are still in a favorable position compared to past years.
Last Full Month: January 2025 Insights
In January 2025, Kennewick had 22 new listings, averaging 1.4 new listings per day. Meanwhile, 5 homes sold, translating to one sale every 6.2 days.
Price Trends
- Average Listing Price: $529,826
- Median Listing Price: $486,850
- Final Sold Price (Avg.): $466,604
- Final Sold Price (Median): $469,900
Days on Market
- Average DOM: 103 days
- Median DOM: 30 days
Buyer & Seller Scores
- Buyer Score: 6.7
- Seller Score: 3.3
Market Takeaway: January remained a buyer-friendly market. The higher buyer score and lower seller score indicate that sellers had to offer price reductions and incentives to close deals.
Current Month: February 2025 Trends
February shows a significant shift toward sellers. So far, 11 new listings have been added, averaging 1 new listing every 1.9 days. Meanwhile, 7 homes have sold, meaning one sale every 3 days.
Price Trends
- Average Listing Price: $495,497
- Median Listing Price: $493,850
- Final Sold Price (Avg.): $692,887
- Final Sold Price (Median): $661,492
Days on Market
- Average DOM: 42 days
- Median DOM: 13 days
Buyer & Seller Scores
- Buyer Score: 4.0
- Seller Score: 6.0
Key Insight: February marks a clear shift into a seller’s market. Homes are selling faster, at higher prices, and buyers have less negotiating power.
Key Market Trends and What They Mean for You
1. Homes Are Selling Faster
- January’s average DOM: 103 days → February’s average DOM: 42 days
- January’s median DOM: 30 days → February’s median DOM: 13 days
Homes that sat on the market for months in 2024 are now moving quickly.
What this means: If you’re a seller, now is a great time to list before buyer demand slows again.
2. Buyer Advantage is Fading
- January Buyer Score: 6.7 | Seller Score: 3.3
- February Buyer Score: 4.0 | Seller Score: 6.0
There has been a major shift in seller confidence.
What this means: Buyers need to be more aggressive when making offers. Expect less room for price negotiations and faster closing timelines.
3. Prices Are Rising
February data shows:
- A higher final sales price ($692,887 average) compared to January ($466,604 average)
- Sellers are getting closer to their listing prices
- Fewer price reductions are happening
What this means: Buyers should expect more competition for well-priced homes.
4. Limited Inventory is Increasing Competition
With only 11 new listings in February so far, inventory remains tight, fueling higher demand.
What this means: Buyers should act quickly when they find a home they like.
Final Thoughts: What Should You Do Next?
For Sellers:
- NOW is the time to list. Demand is rising, homes are selling faster, and prices are going up.
- List competitively. Well-priced homes are selling quickly.
For Buyers:
- Be prepared to act fast. Homes are staying on the market for less time, and competition is increasing.
- Get pre-approved. Sellers favor buyers who can close quickly.
- Expect multiple offers. The market is tilting in favor of sellers.
Looking Ahead
Kennewick’s February numbers indicate a strong shift toward a seller’s market, suggesting higher prices, fewer negotiations, and quicker closings in the coming months.
If you’re thinking about making a move, now is the time to strategize.
Need Help?
For expert guidance on buying or selling in Kennewick, reach out to ryan@kenmoreteam.com or call 509.987.4544. Staying informed and working with professionals will help you make the best real estate decisions in 2025!