Is Richland, WA 99354 a buyer’s or seller’s market?
Richland is a seller’s market. With about 3.5 months of supply and 19% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 51% of U.S. ZIP codes, and #199 of 298 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Richland housing market right now
In the three months ending August 31, 2026, 19% of homes in Richland, WA 99354 sold above their list price, the typical home went under contract in 36 days and there were 3.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 91 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold faster (47 days then) and the median sale price fell 2% to $438,810. Overall, Richland is about as competitive as it was a year ago.
Within Benton County, homes here sell faster than in 63% of the county’s ZIP codes, and sell more often over asking than in 88%. On our competition score, Richland ranks #199 of 298 WA ZIP codes with enough sales (score 50 out of 100).
Nearby, buyers who want less competition could look at Kennewick 99338 (13% sold over asking) or Kennewick 99337 (15% sold over asking), while Benton City 99320 (33% sold over asking) is even more competitive.
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Nearby markets
Benton City 99320Balanced $280 /sq ftKennewick 99336Seller’s market $240 /sq ftKennewick 99337Balanced $225 /sq ftKennewick 99338Seller’s market $275 /sq ft Browse all markets →Towns like Richland nearby
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Questions about Richland real estate
Is Richland a buyer’s or seller’s market?
A seller’s market: there were 3.5 months of supply in Richland, WA 99354 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Richland?
The typical home went under contract in 36 days in the latest three months.
Do homes in Richland sell over asking?
19% of homes sold above their original list price, and the typical sale closed at 99.0% of the list price.
What are property taxes in Richland?
About 0.78% of a home’s value a year in Benton County, or roughly $3,120 on a $400,000 home.
What is the median home price in Richland?
The median sale price was $438,810 in the three months ending August 31, 2026, about $221 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology