Housing

Housing Market

Average Sold Price (July 2018) $312,100
Median Sold Price (July 2018) $285,000
Number of Active Residential Listings (SFR, July 2018) 648
Average Apartment Rent (2 Bedroom, 2 Bath) $920
Source: Tri-City Association of Realtors, July 2018 Data, ACCRA Cost of Living Index, First Quarter Data, Published May 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  648 432
$312,100 $285,000 422
Aug          
Sep          
Oct          
Nov          
Dec          
Source:  Tri-City Association of Realtors, February 2018 Data

 

Residential Building Permit Statistics

July 2018 2018 Year-to-Date  2017 Year-to-Date
  Permits Valuation Permits Valuation Permits Valuation
Benton County 17 $5,091,048 84 $28,543,379 136 $40,851,709
Franklin County 8 $3,388,918 66 $24,335,698 72 $27,370,966
Kennewick 30 $8,956,089 206 $65,835,673 113 $30,837,663
Pasco 46 $12,803,548 310 $83,613,214 302 $79,694,605
Richland 44 $13,155,010 187 $59,453,774 146 $44,569,727
West Richland 3 $929,120 39 $13,350,158 80 $26,357,730
Total SFR 153 $45,227,202 918 $280,630,200 860 $252,265,636
Source: Home Builders Association of Tri-Cities and Walla Walla, July 2018 Data