Is Yelm, 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, Yelm has remained a Seller's Market.
Housing Prices in Yelm, WA
How much do homes in Yelm, WA cost?
Median Sold Price
$463,209
$256/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Yelm was $463,209 in April 2024, up 2.9% from last year, and the median price per square foot was $256.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $270K | $369.9K | +37.0% |
2 Bedrooms | $341.5K | $355K | +4.0% |
3 Bedrooms | $420K | $444.9K | +5.9% |
4 Bedrooms | $505K | $522.5K | +3.5% |
5+ Bedrooms | $534.5K | $530K | -0.8% |
Summary: Yelm housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 37%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
Olympia East | $465.5K | $489.9K | +5.3% |
Yelm | $449.9K | $463.2K | +2.9% |
Housing Supply in Yelm, WA
How many homes are available in Yelm, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
171 | 179 | +4.7% |
Summary: The Yelm real estate market had 179 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 26 | 21 | -19.2% |
3 Bedrooms | 96 | 108 | +12.5% |
4 Bedrooms | 41 | 41 | 0.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Yelm housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
44 | 49 | +11.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Yelm in April 2024, up by 11.4% month-over-month. Of the 49 sold homes, 18% were sold under asking, 41% were sold at asking, and 41% were sold over asking.
Days on Market for Yelm, WA
How long does it take to sell a home in Yelm, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 45 Days | -16.5% |
Summary: Homes in Yelm had an average of 45 days on market in Apr 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 49 homes were sold in Yelm; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.