Housing Housing

Housing

Housing Market

Average Sold Price (June 2020) $333,600
Median Sold Price (June 2020) $315,000
Number of Active Residential Listings (SFR, June 2020) 433
Average Apartment Rent (2 Bedroom, 2 Bath) $964
Source: Tri-City Association of Realtors, June 2020 Data, ACCRA Cost of Living Index, 2019 Annual Average Data, Published January 2020

 

2020 Residential Housing Statistics

Month Active Listings Total Sold Average Sales Price Median Sales Price Under Contract
Jan 464 307 $312,600 $299,900 375
Feb 464 322 $317,300 $308,700 471
Mar 463 390 $334,100 $316,000 423
Apr 430 333 $339,900 $309,900 367
May 421 330 $330,500 $313,500 491
Jun 433 443 $333,600 $315,000 514
Jul
Aug
Sep
Oct
Nov
Dec
Source:  Tri-City Association of Realtors, June 2020 Data

 

Residential Building Permit Statistics

June 2020
2020 Year-to-Date  2019 Year-to-Date 2018 Year-to-Date
  Permits Valuation Permits Valuation Permits Valuation Permits Valuation
Benton County 26 5,903,701 75 20,542,197 63 19,914,738 67 23,452,331
Franklin County 12 4,252,586 34 11,965,283 37 15,043,107 57 20,946,780
Kennewick 27 6,798,308 137 41,812,503 154 47,365,512 176 56,879,584
Pasco 45 10,817,659 211 54,532,455 278 75,615,648 264 70,809,666
Richland 29 9,341,486 167 52,488,460 173 516,73,056 144 46,602,702
West Richland 9 2,538,265 57 20,515,032 32 9,576,711 36 12,421,038
Total SFR 148 39,932,508 685 206,017,315 750 222,966,766 766 235,706,936
Source: Home Builders Association of Tri-Cities and Walla Walla, June 2020 Data