Richland’s real estate market for new construction single-family homes has shown some clear patterns over the past 12 months. Whether you’re a buyer exploring new builds or a seller planning to list, understanding these trends can help guide your next move.
This breakdown includes homes of all sizes and styles, built between 2022 and 2025, with no price or square footage limits. We’re focusing on total inventory, pricing trends, sales activity, speed of the market, and days on market—all the critical elements that shape how favorable the market is for buyers and sellers.
📊 12-Month Market Performance (April 2024 – April 2025)
| Metric | Value |
|---|---|
| Total Listings | 402 |
| New Listings per Day | 1.10 |
| Total Homes Sold | 311 |
| Homes Sold per Day | 0.85 |
| Average Original Listing Price | $610,001 |
| Median Original Listing Price | $599,375 |
| Average Final Sales Price | $609,890 |
| Median Final Sales Price | $595,000 |
| Price Difference (% Avg.) | ~0.02% below list |
| Average Days on Market (DOM) | 102 (sold homes) |
| Median Days on Market (DOM) | 137 (sold homes) |
| Highest DOM | 471 days |
| Average Sq. Ft. (sold homes) | 2,196 sq. ft. |
| Average Price/Sq. Ft. (sold) | $279.81 |
🔍 Key Trends & Market Takeaways
🏠 Inventory & Listings
Richland saw a total of 402 new construction listings hit the market over the past year—about 1.10 homes per day. This solid volume shows steady builder activity and healthy inventory levels, giving buyers a wide selection of homes to choose from.
📈 Sales Activity
With 311 homes sold during the same period (0.85 sales per day), roughly 77% of listed homes sold. While that’s a strong sell-through rate, it also signals some softening buyer demand, particularly in the upper price ranges.
💰 Pricing Stability
The market has been remarkably stable on pricing. The average sale price came in only $111 below the original listing price, which means buyers and sellers are finding common ground without much back-and-forth. This small difference—less than 0.02%—suggests homes are being priced appropriately and buyers are willing to meet the asking prices, especially when properties are well-located or feature modern upgrades.
⏳ Days on Market
One of the most striking stats is the DOM trend:
- Average DOM for sold homes: 102 days
- Median DOM: 137 days
These numbers tell a nuanced story. While many homes sold quickly, a sizable number took significantly longer—dragging the median DOM up. Some homes likely sat longer due to pricing, location, or timing. It also highlights a tale of two markets: competitively priced or well-located homes moved swiftly, while others lingered.
⚖ Buyer & Seller Leverage Scores
Using a multi-factor algorithm that weighs inventory, pricing difference, speed of market, and sales volume, here’s how leverage breaks down in Richland’s new construction market over the past 12 months:
| Segment | Score | Meaning |
|---|---|---|
| Buyer Score | 2.80 | Buyers have limited leverage |
| Seller Score | 7.20 | Strong seller’s market conditions |
The low buyer score reflects the relatively high sale prices, minimal discounts, and long DOM, meaning buyers haven’t had much room to negotiate. On the flip side, the high seller score shows that well-prepared listings are commanding full prices—even if they take longer to sell.
📌 Final Thoughts
If you’re thinking about buying new construction in Richland, be prepared for a competitive but manageable environment. Builders are keeping inventory healthy, and while there are deals to be had, you’ll need to act decisively when you find the right fit.
For sellers and builders, this is still a favorable market. Pricing has held steady, buyers are stepping up, and the leverage is on your side—especially if you can market your property effectively and price it wisely.
Looking to make a move? Whether you’re building, buying, or selling, reach out for a personalized market consultation tailored to your goals. The Richland market is moving—let’s make sure you move with it.
Let me know if you’d like this packaged for a website post, social media carousel, or email newsletter!