Is Olympia, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Olympia has remained a Seller's Market.
Housing Prices in Olympia, WA
How much do homes in Olympia, WA cost?
Median Sold Price
$545,358
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Olympia was $545,358 in March 2024, up 8.4% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266.5K | $313K | +17.4% |
2 Bedrooms | $415K | $435K | +4.8% |
3 Bedrooms | $500K | $519.1K | +3.8% |
4 Bedrooms | $575K | $620K | +7.8% |
5+ Bedrooms | $618.3K | $603K | -2.5% |
Summary: Olympia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.4%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 7.8%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in Olympia, WA
How many homes are available in Olympia, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
362 | 400 | +10.5% |
Summary: The Olympia real estate market had 400 homes for sale in March 2024, a 10.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 52 | 59 | +13.5% |
3 Bedrooms | 184 | 209 | +13.6% |
4 Bedrooms | 90 | 95 | +5.6% |
5+ Bedrooms | 27 | 27 | 0.0% |
Summary: The Olympia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
90 | 100 | +11.1% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in Olympia in March 2024, up by 11.1% month-over-month. Of the 100 sold homes, 31% were sold under asking, 39% were sold at asking, and 30% were sold over asking.
Days on Market for Olympia, WA
How long does it take to sell a home in Olympia, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
45 Days | 42 Days | -5.8% |
Summary: Homes in Olympia had an average of 42 days on market in Mar 2024, down by 5.8% compared to last year.
Breakdown of Home Sale Times
67 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Summary: During March 2024, 100 homes were sold in Olympia; 67% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.