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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olympia West is a seller's market

Buyer's
Market

Difference Since July 2021

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

Key Takeaway

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

How much do homes in Olympia West, WA cost?

Median Sold Price

$598,725

$298/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$148,725(+33.1%)

Key Takeaway

Homes in Olympia West have sold for 33.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $280K$545K
+94.6%
2 $380K$475K
+25.0%
3 $458.4K$578.5K
+26.2%
4 $472.5K$660K
+39.7%
5+ $465.2K$600K
+29.0%

Median Sold Price Compared To Nearby Cities

Olympia West
+33.1%
Tumwater
+24.2%
Rochester
+18.0%
Thurston South
+14.8%
Kamilche
+1.4%

How many homes are available in Olympia West, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
104115+10.6%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 25
+150.0%
2 2523
-8.0%
3 6365
+3.2%
4 1322
+69.2%
5+ 10
-100.0%

Number of Homes Sold

Jun 2022Jul 2022%
2631+19.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olympia West, you could pay more than the asking price. 38.7% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
15 Days15 Days-0.9%

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

5 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 West 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 West, WA

Homes for sale in Olympia West, WA have reached 115. The number of listings in Olympia West, WA increased by 10.6% between June 2022 and July 2022. In July 2022, listings were on the market for 15 days. During the same period, the median list price in this real estate market was $598,725. Real estate listing prices changed between June 2022 and July 2022: 1 bedroom properties prices increased by 94.6%, 2 bedrooms properties became 25% more expensive, 3 bedrooms properties became 26.2% more expensive, 4 bedrooms properties prices increased by 39.7%, the cost of 5 bedrooms properties went up by 29%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes became 150% more available, number of 2 bedrooms homes decreased by 8%, number of 3 bedrooms homes increased by 3.2%, volume of 4 bedrooms homes went up by 69.2%, number of 5 bedrooms homes decreased by 100%. Olympia West, WA housing market in July 2022 saw over 12 listings sold above listed price, more than 10 sold at listed price and over 9 sold below.

Related Housing Market Reports