Kennewick, Washington Housing Market

What moves the numbers in Kennewick?

Kennewick asking prices per square foot were above the year before in 87% of months since the data starts. Within a year, the cheapest and priciest months differ by about 6.1%. That is bigger than the yearly trend, so timing your purchase matters here. Nothing in Kennewick's numbers is far from its own normal. Your return comes from the property and the price you negotiate.

Is now a good time to buy in Kennewick?

The median asking price is 17.6% below its Apr 2023 peak. Per square foot the gap is smaller: 3.8% below the Jan 2025 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower. Kennewick prices have risen in 97 of the last 112 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.

There is no rush. Prices are still coming down. Watch the homes you like. Come back after they cut. Let the seller move first.

When do Kennewick prices dip?

Across 9 full years, Kennewick asking prices ran lowest in January, about 4.0% below the year's average. They peaked in June. The most homes for sale show up in October, about 25% above the yearly average. Shop in October for choice, and expect the softest asking prices in January.

How does Kennewick compare with other Washington markets?

Ranked among the 25 Washington markets we track:

• Asking price: 3rd cheapest of 25. Kennewick is at $464,671. Closest: Yakima and Pasco.
• Time on market: 5th longest time on market of 25. Kennewick is at a median of 64 days on market. Closest: Olympia and Marysville.
• Price cuts: 10th fewest price cuts of 25. Kennewick is at 22% of sellers cutting. Closest: Kent and Kirkland.

How much can you negotiate in Kennewick?

Pending-sale counts for Kennewick were thinly reported until recently, so this page reads demand from how long listings stay on the market, how many sellers cut, and how much is for sale. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.

Kennewick listings spend a median 64 days on the market. That is 9% longer than a year ago. There are 415 homes for sale in Kennewick. That is the most in ten years. It is 6 times the low of Apr 2021. Every one of them competes with the house you want.

What to do about it

• Search Kennewick homes listed 90+ days ago that have already cut their price.
• Offer below the reduced price.
• Keep your inspection and financing contingencies.
• Ask the seller to pay closing costs.
• You can lose a few offers here and still win.

What numbers should you underwrite a Kennewick deal with?

• Price growth to assume — +2.6%/yr. Kennewick grew 7.0% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Kennewick grows about 2.6% a year. That is the number to type in. Prices fell 2.2% over the last year. Use it for timing. The five-year rate is the better guide.
• Competition when you exit — +3%. Homes for sale in Kennewick are up 3% on last year, so your resale faces more competition than today's comps did.

Read how rent-to-price works and how we read these numbers, then run the numbers on a deal.

What is the median home price in Kennewick?

The median asking price in Kennewick is about $465,000 as of Oct 2026, up 0.8% from a year ago. The typical listing is 7% larger than a year ago, and asking price per square foot is down 2.2%. So the size of homes on the market explains much of the rise. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Kennewick figures cover the 3 ZIP codes with a Kennewick mailing address, which can reach past city limits.

Is Kennewick a buyer's or seller's market in 2026?

Buyers have more room in Kennewick than usual. We compare Kennewick with 2017–2019 at this time of year: listings spend 50% more days on the market; there are 16% more homes for sale; 22% of sellers have cut their price, against 22% then.

Are Kennewick home prices going up or down?

The median asking price is 17.6% below its Apr 2023 peak. Per square foot the gap is smaller: 3.8% below the Jan 2025 high. Part of the drop is smaller homes coming to market. Prices are still falling. Waiting has paid off so far. Let listings age, then come back lower.

What price growth should I assume for Kennewick?

Assume +2.6% a year. Kennewick grew 7.0% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Kennewick grows about 2.6% a year. That is the number to type in. Prices fell 2.2% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Kennewick?

HUD's fiscal year 2026 fair market rent for Benton County is $1,538 a month for 2 bedrooms and $2,071 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.