The housing market in the Tri-Cities continues to evolve, with home prices fluctuating across different time periods. By examining the highest and lowest-priced homes sold over the past 12 months, we can better understand pricing trends and how they compare across the year-to-date (YTD), last full month, and current month.
This analysis includes data for West Richland, Richland, Pasco, and Kennewick, highlighting the most and least expensive homes sold in each city.
Highest and Lowest-Priced Homes Sold
West Richland
- Past 12 Months
- Highest Sale: $1,285,000
- Lowest Sale: $250,000
- YTD 2025
- Highest Sale: $1,285,000
- Lowest Sale: $372,000
- January 2025 (Last Full Month)
- Highest Sale: $869,900
- Lowest Sale: $345,000
- February 2025 (Current Month to Date)
- Highest Sale: $550,000
- Lowest Sale: $432,825
Richland
- Past 12 Months
- Highest Sale: $1,600,000
- Lowest Sale: $156,000
- YTD 2025
- Highest Sale: $865,000
- Lowest Sale: $175,000
- January 2025
- Highest Sale: $820,000
- Lowest Sale: $232,500
- February 2025
- Highest Sale: $475,000
- Lowest Sale: $355,000
Pasco
- Past 12 Months
- Highest Sale: $1,645,000
- Lowest Sale: $80,000
- YTD 2025
- Highest Sale: $1,285,000
- Lowest Sale: $372,000
- January 2025
- Highest Sale: $1,049,000
- Lowest Sale: $295,000
- February 2025
- No recorded sales yet
Kennewick
- Past 12 Months
- Highest Sale: $1,600,000
- Lowest Sale: $41,000
- YTD 2025
- Highest Sale: $1,300,000
- Lowest Sale: $237,000
- January 2025
- Highest Sale: $1,050,000
- Lowest Sale: $279,125
- February 2025
- Highest Sale: $445,000
- Lowest Sale: $341,000
Key Takeaways
- West Richland and Pasco had the highest-priced home sales over the past 12 months, both surpassing $1.2 million at their peaks.
- Pasco had the most affordable sale at just $80,000, while Kennewick had a sale as low as $41,000, showing a wide price range across the region.
- Luxury home sales have slowed in early 2025, with February’s highest sales much lower than 2024 peaks—no sales above $1 million recorded so far.
- Kennewick and Richland’s lowest-priced homes in February are still higher than their 12-month lows, suggesting that the most affordable options may be disappearing.
What This Means for Buyers and Sellers
For sellers:
- If you’re in the luxury market, pricing competitively is key. The highest home sales in early 2025 are lower than in 2024, meaning buyers may be more hesitant at higher price points.
- Entry-level homes are still in demand, but price increases may be limiting the lowest-priced options.
For buyers:
- Luxury homes may offer more room for negotiation, as fewer homes are selling at high-end price points.
- If you’re looking for a budget-friendly home, act fast, as the lowest-priced sales in early 2025 are higher than those in 2024.
Final Thoughts
The Tri-Cities market continues to shift, with fewer high-end sales and rising prices on lower-end homes. Whether you’re looking for an entry-level home or a luxury property, understanding these price trends can help you time your purchase or sale effectively.
For expert guidance on navigating this market, reach out to ryan@kenmoreteam.com or call 509.987.4544.