Tri-Cities Insider - Your Local Real Estate Market Guide

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TRI-CITIES INSIDER The Guide To Our Local Real Estate Market

Q2 2026

Navigating the Tri-Cities Real Estate Landscape Main Takeaways from This Report: Stability, Sustainability, and Growth Ahead: The Tri-Cities

real estate market continues to reflect a healthy balance of stability and long-term growth. While market conditions naturally shift over time, the overall trajectory remains steady and reliable.

Diverse Market Dynamics: The answer to “how’s the market”

depends on what part of the market you’re looking at.

Conditions can vary by city, price range, and property type,

Insider Highlights STEADY GROWTH AND STABILIZATION

AVERAGE SALE PRICES

making it important to evaluate trends within the context of your specific goals.

Opportunities for Buyers and Sellers: Market conditions

RESALE VS. NEW CONSTRUCTION

create opportunities on both sides. In some areas, limited inventory can benefit sellers, while in others, buyers may find

MONTHS OF INVENTORY

increased negotiating power. Understanding these nuances is key to making informed decisions.

Importance of Data-Driven Decisions: At Windermere, we

MARKET SNAPSHOT

believe knowledge is power. By understanding the dynamics of our local market, we can help you navigate with clarity and confidence toward the best possible outcome.

Questions You May Want to Dive Deeper Into with Your Windermere Realtor: How do current market conditions align with my goals?

What strategies should I be considering as a buyer or seller based on current market trends and where the market may be heading?

What are the potential long-term implications of these market trends, and how can I best position myself for future opportunities?

Annual Home Appreciation in Tri-Cities, WA: Consistent Appreciation in the Tri-Cities

Home values in the Tri-Cities have shown a consistent pattern of longterm growth, reflecting a healthy and sustainable real estate market.

Rather than dramatic fluctuations, our region has experienced steady appreciation over time. This type of growth supports a balanced environment where both buyers and sellers can make confident, informed decisions.

Over the years, home prices have followed a clear upward trend, demonstrating the strength and resilience of the Tri-Cities housing market.

This consistency reinforces the area’s reputation as one of the most dependable real estate markets in Washington.

Average Sale Prices Year to Date: Understanding Market Trends

2023

2024

2025

2026

$450,242

$457,823

$481,735

$484,969

Periods of Growth: The Tri-Cities market has experienced periods of strong appreciation, driven by high demand and limited inventory. During these times, increased competition has pushed prices upward and created a fast-moving environment.

Natural Market Adjustments: Like any healthy market, periods of rapid growth are often followed by adjustments. These shifts help restore balance between buyers and sellers while maintaining steady overall demand.

Ongoing Stability: Following these adjustments, the market has continued to demonstrate stability, with consistent buyer activity and steady pricing trends supported by regional growth and demand.

A Resilient Market: Overall, the Tri-Cities housing market continues to show long-term strength. While short-term fluctuations are normal, the broader trend reflects durability, stability, and ongoing opportunity for both buyers and sellers.

By understanding these patterns, buyers and sellers can make more confident, well-informed decisions in a market that continues to evolve while maintaining its strong foundation.

New Construction vs. Resale Homes Year

Total Sold

Resale

New Cons. % New Cons.

2025

3,595

2802

793

22%

2024

3477

2,656

821

24%

2023

3,194

2,537

657

21%

2022

3,921

3,140

781

20%

2021

4,943

3,767

1,176

24%

Trends and Insights: Stable Demand for Resale Homes: Resale homes continue to play a major role in the market, reflecting consistent buyer demand for established neighborhoods and move-in-ready properties. These homes often offer character, mature landscaping, and competitive price points.

Strong Appeal of New Construction: New construction remains an important part of the housing landscape, attracting buyers who value modern layouts, energy efficiency, and the ability to personalize finishes. Builders continue to adapt to market conditions to meet buyer demand.

Balanced Market Dynamics: The Tri-Cities market offers a healthy balance between resale and new construction. This variety provides flexibility and opportunity, allowing buyers and sellers to find options that best fit their needs in a stable and resilient market.

Performance By City This page provides a comparison of residential real estate trends across the TriCities area, highlighting key metrics such as the number of homes sold, median sales price, and average time on market.

Market conditions can vary between cities, with each area experiencing unique trends based on demand, inventory levels, and local factors. Reviewing these metrics side by side offers valuable insight into how each market is performing.

Understanding these differences helps buyers and sellers make more informed decisions based on location-specific opportunities.

Year To Date 2025

Number of Homes Sold

Median Sales Price

Average Days On Market

KENNEWICK

614

$424,900

51

PASCO

429

$432,230

52

RICHLAND

451

$465,000

57

WEST RICHLAND

126

$462,495

37

Year To Date 2026

Number of Homes Sold

Median Sales Price

Average Days On Market

KENNEWICK

630

$425,000

53

PASCO

472

$432,441

52

RICHLAND

505

$494,000

69

WEST RICHLAND

145

$455,000

54

PRICE CHANGE YEAR OVER YEAR KENNEWICK

PASCO

RICHLAND

WEST RICHLAND

0%

0%

6.2%

-1.6%

This Quarter’s Listing Price Breakdown The distribution of homes across different price ranges provides insight into where market activity is most concentrated.

Buyer demand, available inventory, and pricing trends can vary significantly depending on price point. By understanding how homes are performing within each range, buyers and sellers can better position themselves within the market.

This breakdown highlights the diversity of the Tri-Cities housing market and the wide range of opportunities available at every price level.

Price Range

Active

Pending

Sold

$0 - $299,999

110

30

105

$300,000 - $349,999

36

25

78

$350,000 - $399,999

128

74

181

$400,000 - $449,999

205

71

192

$450,000 - $499,999

153

44

134

$500,000 - $549,999

119

18

89

$550,000 - $599,999

99

23

68

$600,000 - $649,999

69

15

55

$650,000 - $699,999

59

9

45

$700,000 - $749,999

38

5

19

$750,000 - $799,999

32

11

26

$800,000 - $999,999

98

20

44

$1,000,000 +

69

6

34

Building Trust Through Transparency: Understanding Tri-Cities' Real Estate Market In the ever-changing landscape of real estate, it's crucial to have a reliable source of information you can trust. Here in the Tri-Cities, we are committed to providing accurate, reliable insights into our local market to keep you informed and empowered.

If you are already working with another Realtor, this is not a solicitation for your business.