Richland, WA Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Richland, WA is $510,000, up 7.4% year-over-year. Homes sell in an average of 119 days with 292 active listings. The market is currently a leaning buyer's.
$510,000median sale price
Is Richland a buyer's or seller's market?
Richland, WA is currently a leaning buyer's, based on 4.3 months of supply and homes selling in about 119 days. How we determine this →
Homes sold
68
Last 12 weeks
Days on market
119
Average pace
Active listings
292
4.3 months supply
Sale-to-list
99.5%
Below asking
Richland, WA market data
| Metric | Value |
|---|---|
| Median sale price | $510,000 |
| Median list price | $490,000 |
| Year-over-year price change | +7.4% |
| Average days on market | 119 days |
| Active inventory | 292 listings |
| Months of supply | 4.3 months |
| Sale-to-list price ratio | 99.5% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The Richland housing market is currently classified as a leaning buyer's with a median sale price of $510,000. Prices have risen 7.4% compared to last year, with homes spending an average of 119 days on market, indicating 4.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Richland
There are currently 292 homes listed for sale in Richland, Washington. The median listing price is $490K.
Active listings
292
Homes on market
Median list price
$490K
Avg. days on market
119
Days until sale
New this week
105
Newly listed
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Frequently asked questions
What is the average home price in Richland?
The median home sale price in Richland is $510,000, up 7.4% from last year.
How long do homes stay on market in Richland?
Homes typically spend 119 days on market before going under contract.
Is Richland a buyer's or seller's market?
With 4.3 months of supply, Richland is currently a leaning buyer's.
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