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Featured local agent — Richland, WA
Sarah Mitchell
Compass Real Estate · Richland, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Richland, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$485,000median sale price
How is the Richland, WA housing market right now?
The median home sale price in Richland, WA is $485,000, up 9.9% year-over-year. Homes sell in an average of 52 days with 283 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Richland a buyer's or seller's market?
Richland, WA is currently a balanced market, based on 2.7 months of supply and homes selling in about 52 days. How we determine this →
Homes sold
105
Last 12 weeks
Days on market
52
Average pace
Active listings
283
2.7 months supply
Sale-to-list
99.4%
Below asking
What does the Richland housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $485,000 |
| Median list price | $485,000 |
| Year-over-year price change | +9.9% |
| Average days on market | 52 days |
| Active inventory | 283 listings |
| Months of supply | 2.7 months |
| Sale-to-list price ratio | 99.4% |
| Median price per sq ft | $259/sq ft |
| Homes sold (latest month) | 105 |
| New listings (latest month) | 127 |
| Listings with a price cut | 36.8% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Richland by property type?
How the Richland, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $499,990 | $266/sq ft | 91 | 56 days |
| Condo / Co-op | $304,900 | $228/sq ft | 4 | 154 days |
| Townhouse | $445,000 | $212/sq ft | 5 | 11 days |
Source: Redfin · Updated monthly
The Richland housing market is currently classified as a balanced market with a median sale price of $485,000. Prices have risen 9.9% compared to last year, with homes spending an average of 52 days on market, indicating 2.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.1x provides context for how home values compare to local earning capacity.
Homes for sale in Richland
There are currently 283 homes listed for sale in Richland, Washington. The median listing price is $485K.
Active listings
283
Homes on market
Median list price
$485K
Avg. days on market
52
Days until sale
New this week
127
Newly listed
Who lives in Richland?
Population
61,912
Median income
$92,550/yr
Median age
36.4 years
Owner-occupied
65.1%
College grads
46.0%
Avg commute
20.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Richland?
Zillow home value
$470,359
Zillow rent index
$1,800/mo
Price-to-rent ratio
21.8x
Price-to-income
5.1x
Source: Zillow Research
What is it like to live in Richland?
Richland is a community of approximately 62K residents with a median age of 36.4 years.The median household income is $92,550, which reflects a relatively affluent area with strong earning potential. 46.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 65.1%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Richland offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Richland?
17 schools tracked · 11,743 students
The largest public schools serving Richland, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Richland High School
Grades 9-12 · 2,234 students
Hanford High School
Grades 9-12 · 1,958 students
Carmichael Middle School
Grades 6-8 · 808 students
Amon Creek Elementary
Grades PK-5 · 754 students
Three Rivers Home Link
Grades K-12 · 714 students
Chief Joseph Middle School
Grades 6-8 · 671 students
White Bluffs Elementary School
Grades PK-5 · 642 students
Orchard Elementary
Grades PK-5 · 623 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Richland, WA?
Want a head-to-head view? Compare Richland side-by-side with any other U.S. city using our market-comparison tool.
Is Richland a good real estate investment market?
For investors evaluating Richland, the price-to-rent ratio of 21.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 9.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Richland's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Richland's median home price.
Frequently asked questions
What is the average home price in Richland?
The median home sale price in Richland is $485,000, up 9.9% from last year.
How long do homes stay on market in Richland?
Homes typically spend 52 days on market before going under contract.
What is the median income in Richland?
The median household income is $92,550 per year.
Is Richland a buyer's or seller's market?
With 2.7 months of supply, Richland is currently a balanced market.
What is the Zillow home value estimate for Richland?
The Zillow Home Value Index (ZHVI) for Richland is $470,359, representing the typical home value in the area.
What is the median condo price in Richland?
The median condo/co-op sale price in Richland, WA is $304,900, compared to $499,990 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Richland?
The median single-family home price in Richland, WA is $499,990 (about $266 per square foot).
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