WA · Metro #168

Kennewick - WA housing market

The Kennewick metro has a typical home value of $443,018, up 0.1% from a year ago. Homes are moving fast at 17 days on market, a strong seller's market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$443,018
+0.1% vs. year ago
Median sale price
$436,643
+3.1% YoY
Median list price
$486,633
Sale-to-list ratio
99.0%
Selling below ask
Days on market
17d
Listings w/ price cut
28.3%
New listings / mo
357
-0.8% YoY
Homes for sale
1,048
+13.7% YoY
Typical rent
$1,704/mo
+2.0% YoY
Context

How to read this data

The typical home value ($443,018) 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 0.1% over the past year. In Kennewick - WA, that means a home worth $442,575 last year is now worth roughly $443,018.

The median sale price , what homes actually close for , is $436,643. Homes are selling at 99.0% of list price, meaning buyers have room to negotiate.

Homes listed in Kennewick - WA sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.

About 28.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 357 new listings hit the market each month in Kennewick - WA. There are currently 1,048 homes for sale, up 13.7% from a year ago.

The typical monthly rent in Kennewick - WA is $1,704, up 2.0% 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$745,263 -1.8% 12.0d
Spokane - WA$425,178 +0.2% 16.0d
Olympia - WA$533,819 +0.3% 14.0d
Bremerton - WA$588,433 +1.4% 10.0d
Yakima - WA$357,811 +1.6% 20.0d
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