Housing

Housing Market

Average Sold Price (September 2019) $319,600
Median Sold Price (September 2019) $296,000
Number of Active Residential Listings (SFR, September 2019) 674
Average Apartment Rent (2 Bedroom, 2 Bath) $958
Source: Tri-City Association of Realtors, September 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
Nov
Dec
Source:  Tri-City Association of Realtors, August 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