Is Olympia East, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$489,995
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Olympia East was $489,995 in April 2024, up 5.3% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $237K | $289.5K | +22.2% |
2 Bedrooms | $370K | $399.4K | +7.9% |
3 Bedrooms | $438.9K | $460K | +4.8% |
4 Bedrooms | $513K | $534K | +4.1% |
5+ Bedrooms | $555K | $532.5K | -4.1% |
Summary: Olympia East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
Olympia East | $465.5K | $489.9K | +5.3% |
Yelm | $449.9K | $463.2K | +2.9% |
Lacey | $480.5K | $488.4K | +1.7% |
Thurston South | $457.2K | $459.7K | 0.5% |
Fort Lewis-DuPont | $533K | $522.4K | -2.0% |
Housing Supply in Olympia East, WA
How many homes are available in Olympia East, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
180 | 193 | +7.2% |
Summary: The Olympia East real estate market had 193 homes for sale in April 2024, a 7.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 18 | 18 | 0.0% |
3 Bedrooms | 99 | 109 | +10.1% |
4 Bedrooms | 49 | 52 | +6.1% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Olympia East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
43 | 60 | +39.5% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 60 homes were sold or pending in Olympia East in April 2024, up by 39.5% month-over-month. Of the 60 sold homes, 17% were sold under asking, 42% were sold at asking, and 42% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 35 Days | +21.3% |
Summary: Homes in Olympia East had an average of 35 days on market in Apr 2024, up by 21.3% compared to last year.
Breakdown of Home Sale Times
46 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 60 homes were sold in Olympia East; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.