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Tri-Cities Market Report July 2026

Page 1

July 2026

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Tri-Cities Area July Market Snapshot Tri-Cities Area includes: Kennewick, Pasco, Richland, West Richland, Benton City, Basin City, Burbank, Connell, Eltopia, Kahlotus, Kiona, Mesa, Paterson, Plymouth, and Wallula Average Sales Price Year-to-Date

Current Listing Inventory

$501,216

1,084

Median Sales Price Year-to-Date

Monthly Closed Sales

$449,000

310

Average Days on Market

56 Closed Sales Year-to-Date

1,997

Lower Valley Area July Market Snapshot Lower-Valley Area includes: Prosser, Grandview, Mabton, Sunnyside, Granger, Zillah, Toppenish, and Wapato Average Sales Price Year-to-Date

Current Listing Inventory

Average Days on Market

$399,525

162

71

Median Sales Price Year-to-Date

Monthly Closed Sales

Closed Sales Year-to-Date

$374,990

36

228

Tri-Cities + Lower Valley Area July Market Snapshot

2

Average Sales Price Year-to-Date

Current Listing Inventory

Average Days on Market

$490,795

1,246

58

Median Sales Price Year-to-Date

Monthly Closed Sales

Closed Sales Year-to-Date

$439,990

346

Tri Cities Market Report | July 2026 | Information pulled 08/05/2026

2,225


*Information pulled for all stats include the following cities: Kennewick, Pasco, Richland, West Richland, Benton City, Basin City, Burbank, Connell, Eltopia, Kahlotus, Kiona, Mesa, Paterson, Plymouth, and Wallula

Annual Residential Sales Grey represents total sales; Blue represents total sales through July 5000 4500

4721

4298

4181

4116

4629 3665

4000 3500 3000 2500

2221

2432

2337

2521

2648

3305

3169

2941 2370 1704

2000

1836

1857

1998

1500 1000 500 0 2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

Annual Average Sales Price

Year-to-date as of July

$550K $488

$500K $450K

$478

2023

2024

$499

$501

2025

2026

$403

$400K $350K $300K

$469

$302

$325

$344

$270

$250K $200K $150K 2017

2018

2019

2020

2021

2022

Average Number of Homes Sold Year-to-date as of July

Total Homes

Average Homes

Average Homes

Sold Per Year

Sold Per Month

Sold Per Day

2026

1998

285.43

9.51

2025

1857

265.29

8.84

2024

1836

262.29

8.74

2023

1704

243.43

8.11

2022

2370

338.57

11.29

YEAR

Tri Cities Market Report | July 2026 | Information pulled 08/05/2026

3


Residential Sales

For the month of July 2026, month/year comparison 2022

500

2023

400

237

262

2025

2026

357

334

300 200

2024

311

283

191

100

0 January

February

March

April

May

June

July

August September October November December

Residential Sales By Price Range July 2025 vs 2026 450 400 350 300 250 200 150 100 50 0

2025

2026

343 336

365

390 272

290 297

226 150 142 7 11

10 8

23 36

278 231 144 140

68 88

Average Days On Market For the month of July 2026, month/year comparison 80 70

65

65

2022

65

63

2023

2024

2025

2026

57

60

47

50

40

40 30 20 10 0 January

February

March

April

May

June

July

August September October November December

Tri Cities Market Report | July 2026 | Information pulled 08/05/2026

4


Residential Listing Inflow For the month of July 2026, month/year comparison 700 2022

600

461

500 400

304

540

509

476

2023

2024

2025

2026

454

348

300 200 100 0 January

February

March

April

May

June

Active Listings By Price Range

July

August September October November December

Under Contract Listings By Price Range

For the month of July 2026

5

For the month of July 2026

PRICE RANGE

#

PRICE RANGE

#

$0-$199,999

13

$0-$199,999

1

$200,000-$249,999

2

$200,000-$249,999

7

$250,000-$299,999

9

$250,000-$299,999

9

$300,000-$349,999

18

$300,000-$349,999

17

$350,000-$399,999

48

$350,000-$399,999

47

$400,000-$449,999

73

$400,000-$449,999

67

$450,000-$499,999

49

$450,000-$499,999

27

$500,000-$599,999

70

$500,000-$599,999

35

$600,000-$699,999

31

$600,000-$699,999

25

$700,000-$799,999

27

$700,000-$799,999

8

$800,000-$899,999

15

$800,000-$899,999

7

$900,000-$999,999

8

$900,000-$999,999

5

$1,000,000-$1,199,999

15

$1,000,000-$1,199,999

2

$1,200,000+

11

$1,200,000+

4

TOTAL

389

TOTAL

261

Tri-Cities Market Report | July 2024 | Information pulled on 08/19/2024


Absorption Rate Year-to-date as of July 2026.

PRICE RANGE

Number of Listings Active*

Number of Pendings*

Absorption Ratio

Months of Supply

$0-$199,999

12

1

12.00

12

$200,000-$249,999

9

7

1.29

2

$250,000-$299,999

30

13

2.31

3

$300,000-$349,999

38

25

1.52

2

$350,000-$399,999

125

70

1.79

2

$400,000-$449,999

201

114

1.76

2

$450,000-$499,999

146

50

2.92

3

$500,000-$599,999

216

64

3.38

4

$600,000-$699,999

125

39

3.21

4

$700,000-$799,999

72

20

3.60

4

$800,000-$899,999

60

15

4.00

4

$900,000-$999,999

31

9

3.44

4

$1,000,000-$1,199,999

37

6

6.17

7

$1,200,000+

41

11

3.73

4

TOTALS

1143

444

2.57

3

Tri Cities Market Report | July 2026 | Information pulled 08/05/2026

6


Re-Sale vs New Construction Sales July 2026 5,000 4,500

New

Re-Sale

4,000 3,500

3,000 2,500

3253

3145

3438

3206

503 New Sales

3470 2883

2,000

2291

1,500

2346

2515

1495 Re-Sale

1,000 500

971

928

1,092

1,283

1,159

2017

2018

2019

2020

2021

782

650

821

783

2022

2023

2024

2025

0

2026

Annual Average Sales Price Year-to-date Re-Sale vs New Construction as of July Re-sale

$600K

New

$579

$500K

$466

$330 $300K

$378

$373

$400K

$285

$259

$392

$462

$550 $451

$516 $470

$530 $488

$536 $489

2024

2025

2026

New

Re-Sale

$407

$342

$313

$200K 2017

2018

2019

2020

2021

2022

2023

Sales Activity By Area Year-to-date Re-Sale vs New Construction as of July 600

551

500

421

400

332

300 200

188 116

161

100

126 23

14

45

0 Kennewick

7

Pasco

Richland

Tri Cities Market Report | July 2026 | Information pulled 08/05/2026

West Richland

Benton City

1

20

All other cities


Annual New Construction Sales Grey represents total sales for that year; Blue represents sales through July

1000

800

821

782

786

650 600 512

503 406

389

400 318

200

0 2022

2023

2024

2025

2026

Comparison New Construction Sales Year-to-date July 2025 vs 2026 200

188

180

159

160 140 120

2025

2026

161

142

131 116

100 80 60 40 12

20

23

22

14 2

1

0 Kennewick

Pasco

Richland

West Richland

Benton City

All other cities

Tri Cities Market Report | July 2026 | Information pulled 08/05/2026

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Tri-Cities Market Report July 2026 by Coldwell Banker Tomlinson - Issuu