Kennewick, WA 99336 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market value indicator, the median sold price, is 338,500; this representative recent sale level, when compared with the median listing price of 350,000, suggests pricing friction where seller expectations exceed transaction prices and that market value is best tracked by closed transactions rather than asking prices.
2. Liquidity appears muted: the median days on market is 195, which points to slower sales velocity and longer time-to-close for SFR and condominium transactions in the current cycle; expect deliberate listing strategies and extended marketing periods.
3. Market structure shows relatively constrained active supply alongside a neutral market temperature: the median price per square foot is 245, and with the market temperature reported as neutral, this combination appears to support modest, steady price movement rather than sharp swings—balanced conditions that may favor sellers only marginally under the right pricing.
4. Interest-rate dynamics are a material headwind: Current 30-year fixed mortgage rates in Kennewick, WA are 6.53%, which is 0.53% higher than the 6.0% rates observed earlier in 2026; elevated interest rate pressure and this rate level likely dampen buyer purchasing power and could slow absorption, so underwrite deals conservatively and factor higher financing costs into underwriting assumptions.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.