Is Olympia East, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olympia East is a seller's market

Buyer's
Market

Difference Since July 2021

Since last year, Olympia East has remained a Seller's Market.

Key Takeaway

Olympia East is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Olympia East, WA cost?

Median Sold Price

$469,952

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$73,287(+18.5%)

Key Takeaway

Homes in Olympia East have sold for 18.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $255K$250K
-2.0%
2 $348K$410K
+17.8%
3 $371.5K$444.8K
+19.7%
4 $430K$515K
+19.8%
5+ $465K$536K
+15.3%

Median Sold Price Compared To Nearby Cities

Yelm
+19.5%
Fort Lewis-DuPont
+19.5%
Lacey
+19.4%
Olympia East
+18.5%
Thurston South
+14.8%

How many homes are available in Olympia East, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
261238-8.8%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 76
-14.3%
2 1416
+14.3%
3 158145
-8.2%
4 6761
-9.0%
5+ 1510
-33.3%

Number of Homes Sold

Jun 2022Jul 2022%
9475-20.2%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

35 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olympia East, you could pay more than the asking price. 46.7% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
7 Days11 Days+42.6%

Breakdown of Home Sale Times

73 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Olympia East are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Olympia East, WA

Homes for sale in Olympia East, WA have reached 238. In July 2022 in Olympia East, WA there were 8.8% less homes for sale than in June 2022. While the average time on the market in July 2022 was 11 days, the median list price was $469,952. Listing prices have changed in this real estate market between June 2022 and July 2022: prices of 1 bedroom properties decreased by 2%, prices of 2 bedrooms properties went up by 17.8%, prices of 3 bedrooms properties went up by 19.7%, 4 bedrooms properties became 19.8% more expensive, prices of 5 bedrooms properties went up by 15.3%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 14.3% less available, the quantity of 2 bedrooms homes went up by 14.3%, 3 bedrooms homes became 8.2% less available, 4 bedrooms homes inventory decreased by 9%, 5 bedrooms homes inventory decreased by 33.3%. In July 2022 more than 35 listings in Olympia East, WA were sold above the asking price. During the same period more than 26 listings were sold at asking price, while more than 14 were sold below.

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