Housing

Housing Market

Average Sold Price (August 2019) $333,500
Median Sold Price (August 2019) $305,900
Number of Active Residential Listings (SFR, August 2019) 645
Average Apartment Rent (2 Bedroom, 2 Bath) $985
Source: Tri-City Association of Realtors, August 2019 Data, ACCRA Cost of Living Index, 2019 Second Quarter Data, Published August 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 645 457 $333,500 $305,900 464
Sep
Oct
Nov
Dec
Source:  Tri-City Association of Realtors, August 2019 Data

 

Residential Building Permit Statistics

September 2019 2019 Year-to-Date  2018 Year-to-Date 2017 Year-to-Date
  Permits Valuation Permits Valuation Permits Valuation Permits Valuation
Benton County 6 1,564,403 94 29,045,732 103 35,711,809 175 54,201,879
Franklin County 5 2,041,861 59 23,245,396 86 32,022,426 93 35,707,504
Kennewick 20 6,634,251 251 75,745,354 255 80,611,746 157 42,147,725
Pasco 55 13,756,914 463 124,495,517 381 102,389,730 393 100,691,166
Richland 37 10,030,112 272 81,105,187 247 79,471,422 208 62,219,166
West Richland 11 3,016,999 88 26,734,443 44 15,632,978 91 30,440,680
Total SFR 137 37,761,653 1,246 365,673,916 1,145 352,177,690 1,132 328,827,535
Source: Home Builders Association of Tri-Cities and Walla Walla, September 2019 Data