30-Day Snapshot – March 2025
This report provides a focused update on new construction single-family homes in Pasco for the 30-day period covering March 2025. By analyzing recent listing activity, sales performance, price trends, and days on market, we gain a timely perspective on where the market is heading as the spring season ramps up.
This snapshot is evaluated against the 90-day dataset as its baseline to highlight emerging short-term trends.
Key Market Metrics – March 2025
| Metric | Value |
|---|---|
| Total Listings | 26 |
| Listings Per Day | 0.84 |
| Homes Sold | 16 |
| Sales Per Day | 0.52 |
| Average Original List Price | $507,928 |
| Median Original List Price | $476,925 |
| Average Final Sales Price | $507,907 |
| Median Final Sales Price | $476,925 |
| Average Days on Market | 137 |
| Median Days on Market | 90 |
| Average Price per Sq. Ft. | $286.96 |
| Median Price per Sq. Ft. | $283.74 |
| Buyer Score | 4.38 |
| Seller Score | 5.62 |
Inventory and Listing Activity
- 26 homes were listed, averaging 0.84 new listings per day, down slightly from the 90-day average of 0.87/day.
- Inventory growth remained relatively stable and is aligned with seasonal patterns heading into spring.
Insight: Builders maintained a cautious but consistent release of inventory. Listing pace has held firm, though it continues to trail sales volume from earlier in the quarter.
Sales Volume and Demand
- 16 homes sold, or 0.52 per day, a drop from the 90-day average of 0.81 sales/day.
Interpretation: Sales activity has slowed significantly. This may be due to a lag in buyer engagement, the impact of higher DOM, or increased buyer hesitation on pricing.
Pricing Trends
- Average and median list-to-sale prices were exactly aligned, showing 0 percent price difference.
- This is a significant change from the previous 90-day trend, where average sale prices were 15.8 percent below list.
Insight: Sellers appear to have realigned pricing expectations, and buyers responded with full-price offers. While overall volume was lower, those homes that did sell were priced accurately and sold without negotiation.
Days on Market (DOM)
- Average DOM rose sharply to 137 days, compared to 94 in the 90-day period.
- Median DOM, however, dropped to 90 days, from 114 previously.
Interpretation: These contrasting trends suggest that many newer listings are selling quickly, while a handful of older, stale inventory is extending the average DOM. The median drop reflects improving efficiency in the sale of well-positioned listings.
Price per Square Foot
- Average: $286.96
- Median: $283.74
These numbers show a continued upward trend from the 90-day averages of $276.68 (avg) and $283.18 (median).
Insight: Despite lower overall volume, price per square foot remains strong, indicating that buyers are still willing to pay premium pricing for quality product and location.
Buyer and Seller Market Scores
Using the 30-day scoring algorithm:
| Score Type | Value | Interpretation |
|---|---|---|
| Buyer Score | 4.38 | Moderate buyer leverage |
| Seller Score | 5.62 | Slight seller advantage |
Summary: The market is approaching a more balanced state, with neither side holding dominant leverage. Sellers who price correctly can still command strong offers, but buyers are acting cautiously and avoiding overpaying.
Trend Summary: 90-Day vs. 30-Day Comparison
| Metric | 90 Days | 30 Days (March) | Trend |
|---|---|---|---|
| Listings/Day | 0.87 | 0.84 | Slight decline |
| Sales/Day | 0.81 | 0.52 | Notable slowdown |
| Avg. DOM | 94 | 137 | Increased |
| Median DOM | 114 | 90 | Improved |
| Price Δ from List | -15.81% | 0.00% | Pricing fully aligned |
| Buyer Score | 3.54 | 4.38 | Improved for buyers |
| Seller Score | 6.46 | 5.62 | Softened seller leverage |
Final Thoughts
The 30-day period ending in March 2025 shows a cooling market in terms of volume, but with notable improvement in pricing discipline. Homes that sold did so at full asking price, with fewer listings overall and a greater split between fast-selling homes and lingering inventory.
For buyers, the takeaway is opportunity with caution. The market is no longer as heavily tilted in the seller’s favor. DOM and buyer leverage have improved, but quality listings still sell fast and at full price.
For sellers, especially builders, pricing correctly from day one is more important than ever. The market has little tolerance for overpricing, but when listed appropriately, homes are achieving full value.