Housing

Housing Market

Average Sold Price (December 2017) $282,500
Median Sold Price (December 2017) $264,900
Number of Active Residential Listings (SFR, December 2017) 498
Average Apartment Rent (2 Bedroom, 2 Bath) $881
Source: Tri-City Association of Realtors, January 2018, ACCRA Cost of Living Index, 2017 Annual Average Data, Published February 2018

 

2017 Residential Housing Statistics

Month Active Listings Total Sold Average Sales Price Median Sales Price Under Contract
Jan 413 232 $243,700 $221,000 274
Feb 386 220 $242,300 $224,200 327
Mar 392 359 $264,300 $245,200 430
Apr 441 352 $262,800 $244,500 390
May 470 392 $261,800 $245,000 477
Jun 564 432 $271,400 $255,000 427
Jul 654 393 $262,200 $250,000 458
Aug 680 447 $272,400 $250,000 433
Sep 702 413 $266,600 $248,700 377
Oct 669 385 $277,500 $255,000 400
Nov 579 380 $274,000 $256,400 383
Dec 498 396 $282,500 $264,900 293
Source:  Tri-City Association of Realtors, January 2018

 

Housing Units

1990 Census 2000 Census 2010 Census 2017 Estimate 2022 Projection
Total Housing Units 58,538 72,047 93,041 101,665 110,795
Owner-Occupied 58.0% 64.0% 64.5% 68.04% 67.10%
Renter-Occupied 35.0% 30.0% 30.7% 31.96% 32.9%
Vacant 7.0% 6.0% 4.8% 2.96% 2.78%
Source: www.trytricitiessites.org / Applied Geographic Solutions, 2017

 

Residential Building Permit Statistics

January 2018 2018 Year-to-Date  2017 Year-to-Date
Permits Valuation Permits Valuation Permits Valuation
Benton County 5 1,910,422 5 1,910,422 5 1,625,143
Franklin County 7 2,561,622 7 2,561,622 5 2,289,602
Kennewick 24 7,691,784 24 7,691,784 5 1,623,210
Pasco 25 7,393,368 25 7,393,368 23 6,029,698
Richland 14 4,341,193 14 4,341,193 13 4,041,639
West Richland 3 913,000 3 913,000 12 4,518,038
Total SFR 78 24,811,389 78 24,811,389 64 20,472,238
Source: Home Builders Association of Tri-Cities and Walla Walla, February 2018

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