Housing

Housing Market

Average Sold Price (November 2018) $301,000
Median Sold Price (November 2018) $277,500
Number of Active Residential Listings (SFR, November 2018) 636
Average Apartment Rent (2 Bedroom, 2 Bath) $927
Source: Tri-City Association of Realtors, November 2018 Data, ACCRA Cost of Living Index, Third Quarter Data, Published October 2018

 

2018 Residential Housing Statistics

Month Active Listings Total Sold Average Sales Price Median Sales Price Under Contract
Jan 460 293 $277,400 $253,000 352
Feb 458 289 $281,100 $265,000 356
Mar  478 366 $289,700 $276,000 430
Apr  495 379 $298,600 $275,000 400
May  549 394 $299,900 $279,800 458
Jun  593 413 $288,200 $272,900 419
Jul  648 438 $311,600 $285,000 422
Aug  684  443  $306,900  $292,000  409
Sep  685  351  $298,800  $273,600  386
Oct  674  430  $292,100  $272,000  371
Nov  636  357  $301,000  $277,500  277
Dec          
Source:  Tri-City Association of Realtors, November 2018 Data

 

Residential Building Permit Statistics

December 2018 2018 Year-to-Date  2017 Year-to-Date 2016 Year-to-Date
  Permits Valuation Permits Valuation Permits Valuation Permits Valuation
Benton County 6 $1,851,754 130 $45,566,127 213 $67,699,732 216 $68,390,327
Franklin County 12 $3,858,497 117 $43,092,893 128 $48,141,056 96 $35,915,658
Kennewick 18 $5,599,088 315 $100,400,542 209 $56,899,267 319 $84,367,147
Pasco 31 $7,539,258 480 $127,535,221 469 $119,619,284 385 $93,859,123
Richland 27 $7,239,072 323 $101,570,997 294 $89,147,765 273 $88,470,726
West Richland 8 $2,941,972 65 $22,915,987 102 $34,153,174 80 $25,019,567
Total SFR 103 $29,395,541 1,466 $449,358,570 1,442 $421,459,516 1,387 $399,869,768
Source: Home Builders Association of Tri-Cities and Walla Walla, December 2018 Data