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For the first time, the median price of a Tri-Cities home has risen above $300,000.

Here’s a chart that we recently shared in our June newsletter showing how median prices have changed over the past six months. It almost happened back in January, then prices dropped a bit for three months and we finally hit the $300K mark in May.

newsletter chart0619

This chart represents data that we collect from the Tri-City Association of REALTORS® and PACMLS. The data you see above cover six cities: Kennewick, Pasco, Richland, West Richland, Benton City and Burbank.

TCAOR tracks its own data, too, but covers a wider area: Basin City, Benton City, Burbank, Connell, Eltopia, Finley, Kahlotus, Kennewick, Kiona, Mesa, Pasco, Paterson, Plymouth, Richland, Wallula, West Richland.

Despite the difference in areas that we track, TCAOR also reports that the median home sales price went above $300K for the first time in May; in their tracking, the exact figure is $302,900. For the sake of comparison, let’s look a few years back to see how home prices have skyrocketed in the Tri-Cities:

  • May 2015: $198,500
  • May 2016: $225,700
  • May 2017: $245,000
  • May 2018: $279,800
  • May 2019: $302,900

All of those are TCAOR numbers covering the wide area listed above. The median home price has gone up 52.6% in just five years.

Remarkable, isn’t it?

Curious about YOUR home’s current value? Get in touch anytime. Use the form below to email, or text/call us at 509-392-4705.

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Cari McGee

Hi, I'm Cari McGee. 👋 I've lived in the Tri-Cities since 1994 and I've been a licensed Realtor® since 2004. That's a lot of local knowledge and real estate experience that I put into every article you read on my website! We've helped more than 560 families buy or sell property in the Tri-Cities. In 2023, our community voted us the bronze winner for Best Real Estate Team in the Tri-Cities Best voting. Learn more about me by clicking the link right above. And if you have any questions, get in touch anytime!

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