Tri-Cities Housing Market Update – August 2025
The Tri-Cities real estate market—covering Kennewick, Richland, West Richland, Pasco, and surrounding areas—is showing signs of a shift. Inventory is increasing, giving buyers more leverage, while sellers face growing competition. Below, we break down the August 2025 housing market trends, including sales activity, prices, inventory, and days on market.
📊 Supply & Demand Snapshot (Year-over-Year Trends)
Homes Under Contract (Pending)
Aug 2024: 349 homes
Aug 2025: 355 homes
+1.7% → Demand remains steady as buyers continue making offers despite affordability challenges.
Closed Sales
Aug 2024: 385 homes
Aug 2025: 364 homes
-5.5% → Closings slowed slightly, likely due to higher interest rates and affordability pressures.
New Listings
Aug 2024: 481 homes
Aug 2025: 498 homes
+3.5% → More homes are hitting the market, giving buyers more choices.
✅ Key Takeaway: More homes are being listed than are selling. This is driving inventory up and creating a buyer-friendly market. Sellers must be strategic with pricing, staging, and condition to stand out.
🏡 August 2025 Housing Statistics
Total Sales: 345
341 residential (275 resale | 66 new construction)
4 land sales
Total Listings: 510
429 residential (359 resale | 70 new construction)
81 land listings
💰 Home Prices in the Tri-Cities
Average Sold Price: $478,388 (↑ from $475,242 in July)
Median Sold Price: $440,000
High Sale: $1,800,000
Low Sale: $24,500
On the listing side:
Average List Price: $506,124 (↓ from $514,031 in July)
Median List Price: $454,500 (↑ from $445,000 in July)
High List Price: $2,567,535
Low List Price: $23,500
➡️ Insight: Prices are holding steady, but the gap between list price and sold price shows that buyers are negotiating successfully.
⏱ Days on Market (DOM)
Average DOM: 46 days (↓ from 50 in July)
Median DOM: 27 days (↑ from 20 in July)
Homes are still selling, but buyers are taking slightly longer to commit—signaling more cautious decision-making.
🔎 What This Means for You
For Sellers
Expect more competition as buyers gain options.
Proper pricing is essential. Staged, move-in ready homes with polished curb appeal are the ones that move.
Be prepared for buyers to negotiate—flexibility on contingencies may be needed.
For Buyers
More inventory = more leverage.
While prices aren’t dropping significantly, sellers are increasingly open to negotiation.
With homes staying on the market longer, you gain valuable time to shop strategically.
📌 Bottom Line
The Tri-Cities housing market in August 2025 reflects a shifting landscape: demand remains steady, supply is increasing, and buyers are negotiating stronger deals. While affordability challenges continue to impact some closings, opportunities remain strong for buyers ready to act—and for sellers willing to adapt quickly with the right strategy.
About Krista Hopkins Homes
At Krista Hopkins Homes, we’ve served the Tri-Cities community for more than 13 years. Our team has helped over 500 clients buy and sell homes, earning recognition as the #1 Best Real Estate Team in Tri-Cities (Gold Winner – 2023, 2024, 2025).
Our REALTORS® combine deep local expertise with proven marketing strategies to guide both buyers and sellers through today’s shifting market. Whether you’re considering selling your home or starting your home search, we’re here to provide insights, strategy, and support every step of the way.
📞 Want a personalized plan for your Tri-Cities real estate goals?
💬 Connect with Krista Hopkins Homes for trusted local expertise.