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 |
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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 |
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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 |
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