WA · Metro #168

Kennewick - WA housing market

The Kennewick metro has a typical home value of $441,524, down 0.0% from a year ago. Homes are moving fast at 18 days on market - a strong seller's market. 27% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$441,524
+0.0% vs. year ago
Median sale price
$441,922
+3.1% YoY
Median list price
$485,000
Sale-to-list ratio
98.8%
Selling below ask
Days on market
18d
Listings w/ price cut
26.7%
New listings / mo
346
+0.9% YoY
Homes for sale
991
+18.5% YoY
Typical rent
$1,713/mo
+2.4% YoY
Context

How to read this data

The typical home value ($441,524) is the Zillow Home Value Index for the Kennewick - WA metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 0.0% over the past year. In Kennewick - WA, that means a home worth $441,524 last year is now worth roughly $441,524.

The median sale price , what homes actually close for , is $441,922. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.

Homes listed in Kennewick - WA sit on the market for roughly 18 days before going pending. Shorter = seller's market; longer = buyer's market.

About 26.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 346 new listings hit the market each month in Kennewick - WA. There are currently 991 homes for sale, up 18.5% from a year ago.

The typical monthly rent in Kennewick - WA is $1,713, up 2.4% year over year. For investors, the price-to-rent ratio here is roughly 21x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in WA

MetroHome value1-yr changeDays on market
Seattle - WA$750,279 -1.9% 10.0d
Spokane - WA$423,842 +0.3% 15.0d
Olympia - WA$533,918 +0.3% 11.0d
Bremerton - WA$586,380 +1.6% 9.0d
Yakima - WA$355,256 +1.9% 20.0d
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