A Closer Look at the Most Recent Market Activity
This report highlights the latest market trends from the past 30 days for new construction, single-family homes in West Richland. This short-term analysis focuses on inventory flow, home sale performance, pricing adjustments, and days on market to help buyers and sellers understand how the market is evolving at the start of Q2 2025.
Inventory & Market Activity
| Metric | Value |
|---|---|
| Total Listings | 2 listings |
| New Listings per Day | 1 every 15 days |
| Homes Sold | 1 home |
| Homes Sold per Day | 1 every 31 days |
The West Richland new construction market remains very tight. Only two new listings hit the market, and one closed during the same period. This extremely low turnover limits choices for buyers and supports continued leverage for sellers.
Pricing Snapshot
| Price Metric | Value |
|---|---|
| Avg. Original List Price | $628,799 |
| Final Sale Price | $796,000 |
One notable sale in the past 30 days closed for significantly more than its list price—suggesting strong buyer demand and little resistance to premium pricing, at least for select properties. This reinforces the seller-friendly environment still present in the local market.
Speed of Sale
| DOM Metric | Value |
|---|---|
| Avg. Days on Market (Sold) | 0 days |
| Median Days on Market | 0 days |
This particular home sold immediately, with zero recorded days on market. While it’s a single data point, it reflects aggressive buyer behavior for the right listing—especially one priced strategically or in high demand.
Price per Square Foot & Home Size
| Sq Ft Metric | Value |
|---|---|
| Price per Sq Ft (Sold) | $314 |
| Home Size | 2,535 sq ft |
At $314 per square foot, this recent sale set a new high for the area. That price point emphasizes how desirable well-built new homes are and may reflect upgraded finishes, location advantages, or a premium lot.
Buyer & Seller Scores
Based on the 30-day scoring model, the leverage conditions are as follows:
- Buyer’s Score: 4.38
Buyers are gaining slight momentum in the overall market, but specific high-demand properties still sell fast and above asking. - Seller’s Score: 5.62
Sellers continue to benefit from low competition and strong price performance.
Insights for Buyers & Sellers
For Sellers:
- Low inventory keeps your leverage strong, especially if your home is turnkey and well-marketed.
- With homes selling quickly and well above list price, now may be the ideal time to list.
For Buyers:
- Be prepared to act fast, especially for homes in desirable neighborhoods or with custom finishes.
- While broader trends show buyer leverage improving slightly, you’ll need to move quickly and make competitive offers on top-tier listings.
Final Thoughts
The past 30 days in West Richland’s new construction market illustrate a continued seller advantage—backed by low inventory, fast sales, and pricing well above asking. Although the sample size is small, it mirrors longer-term trends and reinforces that well-positioned homes are commanding top dollar.
As the spring market heats up, it will be important to watch for new listings. For sellers, it’s an excellent time to test the market. For buyers, staying informed and acting quickly remains critical.