Tri-Cities Real Estate Market Update | November 2024

As we move through November 2024, the Tri-Cities real estate market remains dynamic. Whether you’re considering buying, selling, or investing, staying informed about local market trends can help you make confident decisions. Here’s a breakdown of the latest market statistics from the TCAR Monthly Housing Report:

November 2024 Market Snapshot:

Average Sold Price: $482,200

Median Sold Price: $430,000

Number of Homes Sold: 250

Total Active Listings: 806

Average Days on Market: 51

Pending Residential Listings: 275

These numbers reflect a steady housing market with opportunities for both buyers and sellers. An average of 51 days on the market indicates that well-priced homes continue to attract interest, while an active inventory of 806 homes provides diverse options for potential buyers.

What These Numbers Mean for You

For Buyers: With a range of homes available, this could be a great time to explore options and find a property that fits your needs. The average days on market provide room for thoughtful decisions while still being competitive.

For Sellers: With 275 homes currently pending, demand is clearly present. Pricing your home strategically and working with an experienced real estate team can help you sell efficiently.

Partner with Local Experts

Understanding local real estate trends is essential for success in today’s market. Our team of knowledgeable and experienced real estate professionals is here to guide you every step of the way. Whether you’re buying your first home, upgrading to your dream home, or selling property, we are committed to providing personalized service and expert advice.

Contact us today to learn more about how the current market conditions can work to your advantage. Let us help you navigate the process with confidence and ease.

Source: TCAR Monthly Housing Report