Housing

Housing Market

Average Sold Price (September 2017) $265,400
Median Sold Price (September 2017) $246,000
Number of Active Residential Listings (SFR, September 2017) 702
Average Apartment Rent (2 Bedroom, 2 Bath) $873
Source: Tri-City Association of Realtors, October 2017, ACCRA Cost of Living Index, 2017 Second Quarter Data, Published August 2017

 

2017 Residential Housing Statistics

Month Active Listings Total Sold Average Sales Price Median Sales Price Under Contract
Jan 413 232 $243,700 $221,000 274
Feb 386 220 $242,300 $224,200 327
Mar 392 359 $264,300 $245,200 430
Apr 441 352 $262,800 $244,500 390
May 470 392 $261,800 $245,000 477
Jun 564 432 $271,400 $255,000 427
Jul 654 393 $262,200 $250,000 458
Aug 680 447 $272,400 $250,000 433
Sep 702 409 $265,400 $246,000 377
Source:  Tri-City Association of Realtors, October 2017

 

Housing Units

1990 Census 2000 Census 2010 Census 2017 Estimate 2022 Projection
Total Housing Units 58,538 72,047 93,041 101,665 110,795
Owner-Occupied 58.0% 64.0% 64.5% 68.04% 67.10%
Renter-Occupied 35.0% 30.0% 30.7% 31.96% 32.9%
Vacant 7.0% 6.0% 4.8% 2.96% 2.78%
Source: www.trytricitiessites.org / Applied Geographic Solutions, 2017

 

Residential Building Permit Statistics

October 2017 2017 Year-to-Date  2016 Year-to-Date
Permits Valuation Permits Valuation Permits Valuation
Benton County 23 8,090,165 198 62,292,044 194 60,679,847
Franklin County 12 4,507,195 105 40,214,699 80 30,466,507
Kennewick 25 7,504,989 184 49,697,214 275 73,320,356
Pasco 24 5,442,349 417 106,133,515 321 78,360,016
Richland 40 12,829,538 249 75,048,704 236 76,932,768
West Richland 3 963,798 95 31,411,704 69 21,433,967
Total SFR 135 40,957,221 1,271 369,836,482 1,193 345,040,681
Source: Home Builders Association of Tri-Cities and Walla Walla, November 2017

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