Housing

Housing Market

Average Sold Price (February 2018) $282,700
Median Sold Price (February 2018) $265,500
Number of Active Residential Listings (SFR, February 2018) 458
Average Apartment Rent (2 Bedroom, 2 Bath) $881
Source: Tri-City Association of Realtors, February 2018 Data, ACCRA Cost of Living Index, 2017 Annual Average Data, Published February 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 458 276 $282,700 $265,500 356
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Source:  Tri-City Association of Realtors, February 2018 Data

Residential Building Permit Statistics

January 2018 2018 Year-to-Date  2017 Year-to-Date
Permits Valuation Permits Valuation Permits Valuation
Benton County 5 1,910,422 5 1,910,422 5 1,625,143
Franklin County 7 2,561,622 7 2,561,622 5 2,289,602
Kennewick 24 7,691,784 24 7,691,784 5 1,623,210
Pasco 25 7,393,368 25 7,393,368 23 6,029,698
Richland 14 4,341,193 14 4,341,193 13 4,041,639
West Richland 3 913,000 3 913,000 12 4,518,038
Total SFR 78 24,811,389 78 24,811,389 64 20,472,238
Source: Home Builders Association of Tri-Cities and Walla Walla, February 2018

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