WA · Metro #168

Kennewick - WA housing market

The Kennewick metro has a typical home value of $441,609, down 0.0% from a year ago. Homes sell in 24 days on average - a balanced market. 25% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$441,609
+-0.0% vs. year ago
Median sale price
$432,140
+0.5% YoY
Median list price
$483,300
Sale-to-list ratio
98.9%
Selling below ask
Days on market
24d
Listings w/ price cut
25.2%
New listings / mo
310
+11.5% YoY
Homes for sale
928
+24.1% YoY
Typical rent
$1,694/mo
+2.8% YoY
Context

How to read this data

The typical home value ($441,609) 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 $441,609 last year is now worth roughly $441,609.

The median sale price , what homes actually close for , is $432,140. Homes are selling at 98.9% of list price, meaning buyers have room to negotiate.

Homes listed in Kennewick - WA sit on the market for roughly 24 days before going pending. Shorter = seller's market; longer = buyer's market.

About 25.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 310 new listings hit the market each month in Kennewick - WA. There are currently 928 homes for sale, up 24.1% from a year ago.

The typical monthly rent in Kennewick - WA is $1,694, up 2.8% year over year. For investors, the price-to-rent ratio here is roughly 22x 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$755,116 -1.9% 9.0d
Spokane - WA$421,901 +0.4% 23.0d
Olympia - WA$532,620 +0.4% 13.0d
Bremerton - WA$584,472 +1.8% 9.0d
Yakima - WA$353,708 +2.0% 33.0d
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