Is Olympia East, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Olympia East has remained a Seller's Market.
Housing Prices in Olympia East, WA
How much do homes in Olympia East, WA cost?
Median Sold Price
$490,789
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Olympia East was $490,789 in May 2024, up 5.6% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $258K | $294.4K | +14.1% |
2 Bedrooms | $377.5K | $399.4K | +5.8% |
3 Bedrooms | $435K | $465K | +6.9% |
4 Bedrooms | $511.5K | $539.9K | +5.6% |
5+ Bedrooms | $549K | $537.5K | -2.1% |
Summary: Olympia East housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.1%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
Olympia East | $464.6K | $490.7K | +5.6% |
Yelm | $440K | $460K | +4.5% |
Lacey | $475.7K | $489.9K | +3.0% |
Fort Lewis-DuPont | $515.1K | $526.2K | +2.2% |
Thurston South | $454.8K | $455.9K | 0.2% |
Housing Supply in Olympia East, WA
How many homes are available in Olympia East, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
207 | 229 | +10.6% |
Summary: The Olympia East real estate market had 229 homes for sale in May 2024, a 10.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 20 | 15 | -25.0% |
3 Bedrooms | 114 | 122 | +7.0% |
4 Bedrooms | 60 | 75 | +25.0% |
5+ Bedrooms | 7 | 11 | +57.1% |
Summary: The Olympia East housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 57.1%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
61 | 59 | -3.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 59 homes were sold or pending in Olympia East in May 2024, down by 3.3% month-over-month. Of the 59 sold homes, 20% were sold under asking, 34% were sold at asking, and 46% were sold over asking.
Days on Market for Olympia East, WA
How long does it take to sell a home in Olympia East, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 25 Days | +19.5% |
Summary: Homes in Olympia East had an average of 25 days on market in May 2024, up by 19.5% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 59 homes were sold in Olympia East; 75% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.