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Kennewick Real Estate Market Update (1 Story Homes) – February 2025

How Have Total Listings Changed Over the Past 12 Months?

  • Past 12 Months: 390 total listings (1.07 listings per day).
  • January 2025: 38 new listings (1.23 listings per day).
  • February 2025 (to date): 10 new listings (0.36 listings per day).

Insight:

  • Kennewick’s inventory has declined, with fewer new listings entering the market.
  • February’s activity is down significantly from both January 2025 and the 12-month average.
  • Lower supply could increase competition among buyers in the coming months.

Market Trends & Key Insights

1. Homes Are Spending Less Time on the Market

  • Past 12 Months: Average 42 DOM, median 18 DOM.
  • January 2025: Average 19 DOM, median 10 DOM.
  • February 2025 (to date): Average 11 DOM, median 5 DOM.

Insight:
Kennewick homes are selling faster than ever—with the median days on market down to just 5 days in February. Buyers must act quickly in this highly competitive market.


2. Pricing Trends Show Strength

  • Past 12 Months:
    • Average listing price: $434,058
    • Average final sale price: $424,970
  • January 2025:
    • Average listing price: $426,953
    • Average final sale price: $428,385
  • February 2025 (to date):
    • Average listing price: $421,990
    • Average final sale price: $379,000

Insight:

  • Kennewick’s home prices remain stable, though February’s average final price is lower than previous months.
  • Homes are still selling close to asking price, reflecting a healthy level of demand.

3. Buyer & Seller Market Shifts

  • Past 12 Months:
    • Buyer Score: 2.8 (favoring sellers)
    • Seller Score: 7.2 (strong seller’s market)
  • February 2025 (to date):
    • Buyer Score: 4.7
    • Seller Score: 5.3

Insight:

  • The market is shifting slightly toward buyers, with the lowest seller score seen in recent months.
  • Buyers may have more negotiating power, though the market still favors sellers overall.

What This Means for Buyers & Sellers

Sellers:

  • Low inventory still works in your favor, though pricing competitively is key.
  • Homes are selling quickly, so be prepared for fast offers.

Buyers:

  • Competition is high for well-priced homes, so act fast when you find the right one.
  • More room for negotiation as the market begins to balance.

Final Thoughts

Kennewick’s 1-story home market remains strong, but trends are shifting.

  • Homes are selling faster than before.
  • Inventory is shrinking, meaning fewer options for buyers.
  • Pricing remains stable, but February shows some softening.

Whether you’re buying or selling, it’s crucial to stay ahead of market changes. Working with a local expert can help you navigate this evolving market.