November 2025 Housing Market Update: The Fall Market is Here

After the surprises we saw last month, where up was down and down was up, it looks like the Tri-Cities housing market is moving back into its normal rhythm for the end of the year. Let’s dive into this month’s numbers.

Inventory of Homes for Sale

One of the signs that things are getting normal is that inventory is slowing down. When we did our snapshot on Nov. 7, there were 1,177 homes for sale — that’s ONE HOME more than we had in October. I don’t remember a time when we’ve come so close to having the exact same inventory from one month to the next!

A year ago, we had 936 homes for sale, so we’re up about 26% year-over-year.

West Richland set a new record with its 111 available homes. That’s the first time the city has surpassed 100 homes for sale since we started tracking local market data seven years ago, and given how much smaller the city was back then, it’s almost surely the first time West Richland has ever had 100+ active listings. (For comparison, West Richland had only 47 homes for sale in November 2018, the first month we tracked our own market stats.)

Another fun stat: Burbank’s current 11 homes for sale is the most since June 2019, when there were 12 active listings there.

Homes Sold Last Month

After the spike in sales last month due to lower interest rates, it seemed inevitable that sales would be down this month…and they are. We had 343 closings in October, a 6% drop for the month. That’s not unusual for this time of year. A lot of people are settling in for the holidays, and the uncertainty from the government shutdown is likely keeping others buyers and sellers on the sidelines, so I suspect sales activity will continue to drop for the next 3-4 months. (Another drop in interest rates could impact that, however.)

Homes are still selling more slowly this year than in past years. Last month’s closings spent a median of 29 days on the market, compared to 24 one year ago.

Home Prices

Last month, when home prices dropped $15,000, I said it wasn’t worth worrying about. That’s because, in the big picture, home prices in our market often spike up one month, down the next, then back up again. And that’s what we’re seeing this Fall.

Our median price for last month’s sales was $438,557. That’s up more than $13,500 from the previous month, and it pretty much erases the $15K drop. We’re basically right back where we were in August when the median sales price was $440,000.

Compared to a year ago, however, prices are up about 2%. Our median was $430,000 in October 2024.

We’ll keep an eye on Pasco, where that median of $443,875 is the second-highest of 2025, behind only $444,850 in February.

To sum up: It looks like we’re settling into a normal Fall-Winter market. Inventory has stopped growing, and sales are starting to slow after last month’s interest rate-fueled rise.

As always, please get in touch if you have questions about what’s happening around town or in your specific neighborhood. Use the TEXT US tool below to send a text, call us at (509) 392-4705, or contact us via email — whatever’s best for you!

(*Remember that days on market can sometimes be skewed by how new construction homes are processed in the MLS. )