Market Intelligence Report — WA-420

Kennewick-Richland, WA

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-WA-09
As of the latest 2026 data
Very Weak

Median Listing

$500K
-2.0% YoY

Pending Ratio

0.21
-3.6% YoY

Active Inventory

1,235
+16.2% YoY

Median DOM

58 Days
-2.5% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's very weak Kennewick-Richland market?

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The market currently exhibits Very Weak conditions, with demand absorption significantly lagging supply. The pending ratio stands at 0.21, reflecting a substantial imbalance between pending sales and available inventory, further underscored by a 3.6% year-over-year decline in this metric.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

3.5%-0.4 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

324,334+1.3% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Kennewick-Richland market right now.

Active listings have seen a notable increase, rising by 16.2% over the past year, while new listings surged by 34.3% during the same period. This considerable expansion in supply contrasts with a declining pending ratio. Median listing prices have experienced a modest 2.0% decrease year-over-year, alongside a 1.2% year-over-year reduction in median price per square foot, indicating downward price adjustments in the market.

Historical Analysis

Market Trends

Median Price

$500K-0.0% MoM

Active Inventory

1,235+16.2% YoY

Days on Market

58-2.5% YoY

Sold Score™

31-3.6% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

31
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

The current market conditions suggest a protracted absorption period for available properties. With a low pending ratio and increasing inventory, buyers have increased latitude to negotiate on price and terms. Sellers may need to demonstrate greater price discipline and patience to achieve successful transactions given the prevailing supply dynamics.

Luxury Segment

No distinct luxury-segment signal in this dataset.

Supply Dynamics

1,235 active listings represent the current floor, with new supply arriving at roughly 470 per month.

Pricing Pressure
22.9%

of active listings carry a price reduction, +1.6% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -1.2% year-over-year.

Absorption
0.21

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Kennewick-Richland, WA? Inventory is up 16% from last year.

Buyers have leverage in Kennewick-Richland, WA. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
21%
Median Days on Market
58 days
Inventory YoY
+16%

In a buyer's market, strategy beats timing. See how your home scores in Kennewick-Richland, WA and what moves the number.

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Metro Demographics

Metro Area
Kennewick-Richland, WA
CBSA Code
28420
State
WA

ZIPs in Kennewick-Richland, WA

Sorted by active inventory · click a ZIP for its full report