The Tri-Cities new home market showed momentum in November. More homes were sold and median prices rose compared with the same month last year.
A total of 51 home sales closed last month, up from 44 sales in November 2024. At the same time, the median home sale price increased from $344,265 last year to $359,989 last month.
Looking beyond the headline price, home size played a noteworthy role in November’s market dynamics.
The average home sold during November last year measured 1,824 square feet, with buyers paying about $193 per square foot. By November 2025, the average home size increased to 2,055 square feet, while the average cost per square foot declined to roughly $182.
This tells an important story. Last month’s buyers weren’t simply paying more for the same homes – they were purchasing larger homes, spreading higher prices over more space. That shift helped soften the impact of rising prices and kept value in check on a per-square-foot basis.
Homes in HOA-governed communities continued to anchor the new home market. Last month, 35 (68.6%) of the closings involved HOA properties, compared with 32 HOA sales last year.
And on the cost side of the equation, HOA fees were up.
The average HOA fee rose from $305 in November 2024 to $336 in November 2025. That’s an increase of just over 10% in one year. It’s also almost double the 4.6% price growth. That pace reflects higher insurance, maintenance, and operating costs rather than new amenities.
For buyers, that means monthly ownership costs – especially in HOA communities – deserve closer attention, even when the purchase price feels manageable.
The market isn’t cheaper, but it is finding ways to stay functional, even as costs rise.