Housing Market
| Average Sold Price (February 2023) | $452,100 | ||
| Median Sold Price (February 2023) | $435,000 | ||
| Number of Active Residential Listings (SFR, February 20231) | 525 | ||
| Average Apartment Rent (2 Bedroom, 2 Bath) | $974 | ||
| Source: Tri-City Association of Realtors, February 2023 Data, ACCRA Cost of Living Index, 2022 Annual Average Data, Published February 2023 | |||
2023 Residential Housing Statistics
| Month | Active Listings | Total Sold | Average Sales Price | Median Sales Price | Under Contract |
| Jan | 545 | 177 | $443,800 | $414,000 | 246 |
| Feb | 1525 | 197 | $452,100 | $435,000 | 288 |
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| Source: Tri-City Association of Realtors, February 2023 Data |
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Residential Building Permit Statistics
| February 2023 |
2023 Year-to-Date | 2022 Year-to-Date | 2021 Year-to-Date | |||||
| Permits | Valuation | Permits | Valuation | Permits | Valuation | Permits | Valuation | |
| Benton County | 5 | $2,722,000 | 8 | $3,608,120 | 28 | $8,412,282 | 33 | $11,799,109 |
| Franklin County | 2 | $393,445 | 4 | $999,904 | 7 | $2,568,210 | 15 | $5,454,336 |
| Kennewick | 26 | $9,161,559 | 50 | $17,667,770 | 32 | $11,118,606 | 36 | $11,785,972 |
| Pasco | 8 | $2,142,335 | 30 | $7,506,289 | 42 | $12,692,062 | 75 | $21,189,867 |
| Richland | 13 | $4,085,326 | 16 | $5,811,243 | 59 | $22,531,693 | 77 | $26,785,633 |
| West Richland | 6 | $2,865,290 | 12 | $5,049,370 | 25 | $7,662,350 | 57 | $18,310,671 |
| Prosser | 1 | $343,651 | 4 | $1,189,547 | 14 | $4,551,883 | 4 | $990,290 |
| Benton City | 1 | $220,000 | 1 | $220,000 | 2 | $242,137 | 0 | $0 |
| Connell | 3 | $481,662 | 3 | $481,662 | 0 | $0 | 0 | $0 |
| Total SFR | 65 | $22,415,268 | 128 | $42,533,905 | 209 | $69,779,223 | 297 | $96,315,878 |
| Source: Home Builders Association of Tri-Cities and Walla Walla, February 2023 Data |
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