Home prices around the Tri-Cities rose by almost 10% in 2019, which is pretty high — but not really unusual for what we’ve seen locally in the past few years.
But do you know which one of the Tri-Cities saw the biggest price appreciation last year?
If you guessed Kennewick, congratulations!
Kennewick began the year with the lowest median prices of the Tri-Cities (plus West Richland), but home prices went up by just over $40,000 — the biggest gain of the four cities in both raw dollars and percentage. (That’s almost a 16% appreciation in one year.)
Here’s how home prices changed over the course of 2019 ion the Tri-Cities:
Kennewick ended the year with a median home price of $295K, jumping up to third place ahead of Pasco, which now has the least expensive homes in the Tri-Cities.
West Richland, meanwhile, had the most expensive homes all year long — that’s due in large part to all the new construction happening there, most of which are higher-end homes.
Meanwhile, Richland homes began and ended the year with the second-highest median prices in the area.
As always, drop us a note anytime if you’d like more information about what’s happening in the Tri-Cities real estate market!