Kennewick’s real estate market has seen some key shifts over the past year, making it an exciting time for both buyers and sellers. Whether you’re looking to purchase a home or list your property, understanding trends in total listings, pricing, buyer and seller conditions will help you make the right decisions.
Here’s a deep dive into how Kennewick’s existing construction market has evolved over the past 12 months and what it means for you.
1. Total Number of Listings: How Has the Market Changed?
The number of new listings in Kennewick has declined over the past 12 months, reflecting a tightening inventory.
- Past 12 Months: Kennewick had consistent new listings, though numbers gradually declined toward the end of the year.
- Year to Date (2025): The number of new listings so far in 2025 is lower than the previous year, suggesting that inventory is shrinking.
- Last Full Month (January 2025): January saw more new listings compared to February, showing a seasonal slowdown in market activity.
- Current Month (February 2025): The number of new listings has dropped further, meaning buyers have fewer options available.
Key Insight:
✔️ Kennewick’s market is experiencing a decline in listings, leading to a low-inventory, high-demand environment.
✔️ This benefits sellers, as fewer homes on the market mean less competition and stronger offers.
✔️ Buyers must act quickly, as available homes are becoming harder to find.
2. Pricing Trends: Listing Prices vs. Final Sales Prices
Kennewick’s home prices have seen gradual increases, and sellers are receiving closer to their asking prices than before.
- Past 12 Months: Listing prices were higher than final sales prices, but the gap was larger, meaning buyers had more negotiation power.
- Year to Date (2025): The price gap has narrowed, showing that buyers are now willing to pay closer to the listing price.
- Last Full Month (January 2025): The average final sale price was higher than in previous months, proving that sellers are receiving strong offers.
- Current Month (February 2025): Early data suggests continued pricing stability, with homes selling at or very close to asking price.
Key Insight:
✔️ The gap between listing and final sales prices is shrinking, meaning buyers have less room to negotiate.
✔️ Sellers are in a strong position, as home prices are rising and offers are competitive.
✔️ Buyers should prepare for firm asking prices, as Kennewick’s market favors full-price or near full-price offers.
3. Buyer and Seller Scores: Who Has the Advantage?
Buyer and seller scores give us an inside look at who holds more negotiating power in Kennewick’s market.
- Past 12 Months: Seller scores were consistently higher than buyer scores, meaning sellers had more control over transactions.
- Year to Date (2025): The seller score has increased, and the buyer score has declined, signaling a shift even further into a seller’s market.
- Last Full Month (January 2025): Buyers gained slightly more leverage, but sellers still had the upper hand.
- Current Month (February 2025): The seller score has increased again, making it even more difficult for buyers to negotiate lower prices.
Key Insight:
✔️ Kennewick remains a strong seller’s market, with low inventory and high demand.
✔️ Sellers have the advantage, meaning homes sell quickly and with minimal negotiation.
✔️ Buyers must act fast, as the market is less favorable for negotiation and competition is increasing.
4. Analysis & Key Takeaways for Buyers & Sellers
For Buyers:
✅ Homes Are Selling Quickly: With inventory declining, expect homes to sell faster, meaning you’ll need to act quickly.
✅ Be Ready to Offer Full Price: With sellers receiving close to asking prices, don’t expect major discounts.
✅ Secure Financing in Advance: Having a mortgage pre-approval will help you compete in a competitive market.
For Sellers:
✅ Market Conditions Are In Your Favor: Low inventory and high demand mean sellers are getting strong offers.
✅ Price Competitively for Faster Sales: If you list at market value, you’re likely to sell quickly with minimal price reductions.
✅ Now Is the Time to Sell: If you’ve been thinking about selling, the current seller-friendly conditions make now a great time to list your home.
Final Thoughts: A Strong Seller’s Market with Limited Inventory
Kennewick’s real estate market for existing construction homes continues to favor sellers, with fewer listings, rising prices, and strong demand.
🏡 For Buyers – Expect competition, limited inventory, and fewer price reductions. Have your financing ready and act quickly when you find a home.
🏡 For Sellers – This is a prime opportunity to sell your home quickly at a strong price. List strategically to maximize value in this seller-friendly market.
If you’re planning to buy a home in Kennewick or sell, understanding these trends will help you navigate the market with confidence. Now is the time to take action! 🚀