Housing

Housing Market

Average Sold Price (May 2019) $317,300
Median Sold Price (May 2019) $302,900
Number of Active Residential Listings (SFR, May 2019) 480
Average Apartment Rent (2 Bedroom, 2 Bath) $948
Source: Tri-City Association of Realtors, May 2019 Data, ACCRA Cost of Living Index, 2019 First Quarter Data, Published May 2019

 

2019 Residential Housing Statistics

Month Active Listings Total Sold Average Sales Price Median Sales Price Under Contract
Jan 499 264 $315,200 $299,700 368
Feb 450 269 $310,100 $280,900 290
Mar 411 297 $305,200 $287,000 431
Apr 450 348 $308,500 $289,500 429
May 480 388 $317,300 $302,900 487
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Source:  Tri-City Association of Realtors, May 2019 Data

 

Residential Building Permit Statistics

June 2019 2019 Year-to-Date  2018 Year-to-Date 2017 Year-to-Date
  Permits Valuation Permits Valuation Permits Valuation Permits Valuation
Benton County 15 $4,864,961 63 $19,914,738 67 $23,452,331 116 $34,666,653
Franklin County 6 $2,370,045 37 $15,043,107 57 $20,946,780 62 $23,988,788
Kennewick 25 $7,051,401 155 $47,385,512 176 $56,879,584 103 $28,179,363
Pasco 58 $16,654,862 278 $75,615,648 264 $70,809,666 243 $64,742,301
Richland 33 $10,204,138 174 $51,692,056 144 $46,602,702 124 $38,176,614
West Richland 12 $3,390,563 32 $9,576,711 36 $12,421,038 68 $22,364,293
Total SFR 151 $45,109,970 752 $223,005,766 766 $235,706,936 724 $214,031,221
Source: Home Builders Association of Tri-Cities and Walla Walla, June 2019 Data