Is Olympia West, 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 West has remained a Seller's Market.
Housing Prices in Olympia West, WA
How much do homes in Olympia West, WA cost?
Median Sold Price
$584,950
$284/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Olympia West was $584,950 in April 2024, down 0.9% from last year, and the median price per square foot was $284.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $425K | +54.5% |
2 Bedrooms | $485K | $489K | +0.8% |
3 Bedrooms | $580K | $584.9K | +0.9% |
4 Bedrooms | $669.6K | $625K | -6.7% |
5+ Bedrooms | $579.5K | $609.4K | +5.2% |
Summary: Olympia West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 54.5%, 2 bedroom homes increased by 0.8%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Cities
Tumwater | $499.9K | $509.9K | +2.0% |
Thurston South | $457.2K | $459.7K | 0.5% |
Olympia West | $590K | $584.9K | -0.9% |
Housing Supply in Olympia West, WA
How many homes are available in Olympia West, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
68 | 80 | +17.6% |
Summary: The Olympia West real estate market had 80 homes for sale in April 2024, a 17.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 12 | +20.0% |
3 Bedrooms | 33 | 41 | +24.2% |
4 Bedrooms | 20 | 22 | +10.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Olympia West 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 increased by 20%, 3 bedroom homes increased by 24.2%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
16 | 17 | +6.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Olympia West in April 2024, up by 6.3% month-over-month. Of the 17 sold homes, 29% were sold under asking, 35% were sold at asking, and 35% were sold over asking.
Days on Market for Olympia West, WA
How long does it take to sell a home in Olympia West, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 52 Days | +42.9% |
Summary: Homes in Olympia West had an average of 52 days on market in Apr 2024, up by 42.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Olympia West; 59% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.