Housing
Housing Market
| Average Sold Price (November 2019) | $325,000 | ||
| Median Sold Price (November 2019) | $301,500 | ||
| Number of Active Residential Listings (SFR, November 2019) | 635 | ||
| Average Apartment Rent (2 Bedroom, 2 Bath) | $958 | ||
| Source: Tri-City Association of Realtors, November 2019 Data, ACCRA Cost of Living Index, 2019 Third Quarter Data, Published October 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 | 387 | $317,000 | $301,000 | 487 |
| Jun | 516 | 463 | $327,200 | $309,500 | 468 |
| Jul | 591 | 447 | $325,200 | $298,000 | 455 |
| Aug | 645 | 459 | $333,100 | $305,900 | 464 |
| Sep | 674 | 408 | $319,600 | $296,000 | 443 |
| Oct | 650 | 447 | $325,400 | $304,000 | 414 |
| Nov | 635 | 365 | $325,000 | $301,500 | 327 |
| Dec | |||||
| Source: Tri-City Association of Realtors, November 2019 Data |
|||||
Residential Building Permit Statistics
| October 2019 | 2019 Year-to-Date | 2018 Year-to-Date | 2017 Year-to-Date | |||||
| Permits | Valuation | Permits | Valuation | Permits | Valuation | Permits | Valuation | |
| Benton County | 10 | 4,305,407 | 104 | 33,351,139 | 116 | 40,657,233 | 196 | 61,619,981 |
| Franklin County | 6 | 2,078,314 | 65 | 25,323,710 | 94 | 35,128,044 | 105 | 40,214,699 |
| Kennewick | 38 | 10,003,868 | 289 | 85,749,222 | 277 | 87,667,672 | 182 | 49,652,717 |
| Pasco | 38 | 10,916,324 | 501 | 135,411,841 | 414 | 111,182,770 | 414 | 105,413,939 |
| Richland | 34 | 10,113,693 | 306 | 91,218,880 | 263 | 84,367,095 | 246 | 74,479,583 |
| West Richland | 18 | 5,582,151 | 106 | 32,316,594 | 52 | 18,325,978 | 94 | 31,404,478 |
| Total SFR | 147 | 43,799,727 | 1,393 | 409,473,643 | 1,245 | 383,666,371 | 1,252 | 366,204,809 |
| Source: Home Builders Association of Tri-Cities and Walla Walla, October 2019 Data |
||||||||