Housing Prices in Richland, WA

How much do homes in Richland, WA cost?

Median List Price

$485,000

$242/sqft

Based on all homes listed in the last 12 months.

Difference Since October 2023

+$35,050(+7.8%)

Key Takeaway

The list price of homes in Richland has increased by 7.8% since last year.

Summary: The median home list price in Richland was $485,000 in October 2024, up 7.8% from the previous year, and the median price per square foot was $242.

Median List Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $262K$284.9K
+8.7%
3 $364.4K$405.5K
+11.3%
4 $642.4K$837.4K
+30.3%
5+ $469.9K$529.9K
+12.8%

Summary: Richland housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 30.3%, and 5+ bedroom homes increased by 12.8%.

Median List Price Compared To Nearby Cities

Kennewick
+10.2%
Richland
+7.8%

Housing Supply in Richland, WA

How many homes are available in Richland, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1914-26.3%

Summary: The Richland real estate market had 14 homes for sale in October 2024, a 26.3% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 105
-50.0%
4 77
0.0%
5+ 11
0.0%

Summary: The Richland housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Days on Market for Richland, WA

How long does it take to sell a home in Richland, WA?

Average Listing Age

Oct 2023Oct 2024CHANGE
137 Days81 Days-40.6%

Summary: Homes in Richland had an average listing age of 81 days in Oct 2024, down by 40.6% compared to the previous year.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 14 Days Ago

Newest Listings in Richland, WA

Nearby Markets to Richland, WA