If you’re thinking about buying or selling a home in Pasco, understanding how many homes are listed each day can help you make the best decision. Over the past 12 months, the rate at which homes enter the market has shifted, affecting both buyers and sellers. Let’s dive into the numbers and explore what’s changed, what’s happening now, and what this means for anyone looking to enter the market.
Daily Listing Rates: A Changing Market
One of the biggest shifts in the Pasco housing market has been the number of homes listed each day. Over the past 12 months, 457 single-story homes were listed, averaging about 1.25 new listings per day. That’s a steady flow of homes entering the market, but things have changed in recent months.
- Year to Date (YTD): So far in 2025, 75 homes have been listed, averaging 1.14 new listings per day. This is slightly lower than the 12-month trend, indicating a potential slowing in seller activity.
- Last Full Month (February 2025): In February, 34 homes were listed, translating to 1.21 new listings per day—similar to the YTD rate, but slightly below last year’s daily average.
- Current Month (March 2025): So far, 10 homes have hit the market, averaging just 1.43 new listings per day. This suggests a modest increase compared to February.
What This Means
While new listings per day have remained relatively stable, the early 2025 numbers show a slight dip compared to last year’s daily average. However, March is seeing an uptick in new listings per day, which could signal increased seller confidence. If you’re a seller, this could be a good time to list while the market remains competitive. If you’re a buyer, be aware that a small increase in daily listings could mean more options, but competition is still high.
Comparing Market Trends Over Different Timeframes
The number of homes listed per day fluctuates depending on the timeframe:
- 12-Month Average: 1.25 listings per day
- YTD (2025) Average: 1.14 listings per day
- Last Full Month (February 2025) Average: 1.21 listings per day
- Current Month (March 2025) Average: 1.43 listings per day
This comparison shows that while early 2025 started slightly slower, March is experiencing an increase in daily listings, offering more opportunities for buyers.
Price Trends: Asking Price vs. Selling Price
Let’s talk numbers. Are homes selling for what they’re listed for? Here’s what the data tells us:
- 12-Month Trend: The average original listing price was $457,056, while the final sales price averaged $447,747. The median listing price was $420,000, with a median final price of $410,000.
- YTD (2025): The average listing price so far in 2025 is $485,680, and the final price is $483,899—showing that sellers are getting very close to their asking price.
- Last Full Month (February 2025): The average listing price was $503,653, and the final price was $499,885—an even smaller gap than the YTD trend.
- Current Month (March 2025): Listings so far have averaged $482,470, and the final sale prices have averaged $412,583.
What This Means
Over the past year, sellers had to accept slightly lower offers, but in recent months, that gap has almost disappeared. This indicates a strong seller’s market, where buyers are willing to pay close to or even above the asking price due to limited inventory.
Buyer and Seller Scores: Who Holds the Power?
One of the most useful indicators of market conditions is the buyer and seller scores, which show who has more leverage.
- 12-Month Buyer Score: 3.1 (Weaker for buyers)
- 12-Month Seller Score: 6.9 (Strong for sellers)
- YTD Buyer Score: 2.9 (Even worse for buyers)
- YTD Seller Score: 7.1 (Even stronger for sellers)
- Last Full Month Buyer Score: 4.6 (Slightly better for buyers)
- Last Full Month Seller Score: 5.4 (More balanced market conditions)
- Current Month Buyer Score: 5.1 (Still low for buyers, but improving)
- Current Month Seller Score: 4.9 (Moving toward a more neutral market)
What This Means
Sellers have maintained strong negotiating power over the past year, but the latest trends suggest the market may be shifting. The increase in buyer scores and the decrease in seller scores over the past month indicate that conditions are becoming slightly more favorable for buyers. However, competition remains strong, and buyers should still be prepared to move quickly when homes become available.
Days on Market: How Fast Are Homes Selling?
Another critical factor in understanding the market is how quickly homes are selling.
- 12-Month Average DOM: 43 days
- 12-Month Median DOM: 25 days
- YTD Average DOM: 27 days
- YTD Median DOM: 11 days
- Last Full Month Average DOM: 12 days
- Last Full Month Median DOM: 9 days
- Current Month Average DOM: 2 days
- Current Month Median DOM: 1 day
What This Means
Homes are selling much faster than they did a year ago. While the average time on the market was 43 days last year, homes now sell in as little as 1-2 days in March 2025. This is a clear sign that the market is highly competitive, and buyers need to be prepared to move quickly.
Key Takeaways for Buyers and Sellers
For Sellers:
✅ It’s a great time to sell! Inventory is low, and homes are selling quickly, often at or near asking price. ✅ You hold the negotiating power. With strong seller scores and homes selling fast, you can be firm on price and terms. ✅ Price your home competitively. While buyers are eager, a well-priced home will sell even faster, potentially with multiple offers.
For Buyers:
⚠ Be ready to act fast. Homes are selling in just days, so have your finances in order and be ready to make an offer quickly. ⚠ Expect competition. You may face multiple offers, so consider offering slightly above asking price if you really want a home. ⚠ Know your limits. It’s easy to get caught up in a bidding war, but make sure your offer aligns with your budget.
Final Thoughts
The Pasco real estate market remains competitive, with slight improvements for buyers. Daily listing rates have remained relatively stable, but March is seeing an increase in new listings per day. If you’re thinking about selling, now is a great time to capitalize on strong demand. If you’re a buyer, be prepared to move fast and make competitive offers.
Need expert guidance? Reach out to a trusted real estate professional who can help you navigate this dynamic market!