Is Thurston County, 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, Thurston County has remained a Seller's Market.
Key Takeaway
Thurston County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thurston County, WA
How much do homes in Thurston County, WA cost?
Median Sold Price
$500,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in Thurston County has remained the same since last year.
Summary: The median home sold price in Thurston County was $500,000 in March 2024, the same as last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $287.5K | $304.5K | +5.9% |
| 2 Bedrooms | $415K | $404.7K | -2.5% |
| 3 Bedrooms | $475.7K | $479.8K | +0.9% |
| 4 Bedrooms | $560.2K | $565K | +0.8% |
| 5+ Bedrooms | $610.8K | $601K | -1.6% |
Summary: Thurston County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Counties
| Grays Harbor County | $339.8K | $343.8K | +1.2% |
| Thurston County | $499.9K | $500K | 0.0% |
| Lewis County | $399.9K | $399.8K | 0% |
| Mason County | $409.9K | $406.1K | -0.9% |
| Pierce County | $535.2K | $528.9K | -1.2% |
Housing Supply in Thurston County, WA
How many homes are available in Thurston County, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 825 | 878 | +6.4% |
Summary: The Thurston County real estate market had 878 homes for sale in March 2024, a 6.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 14 | 0.0% |
| 2 Bedrooms | 120 | 123 | +2.5% |
| 3 Bedrooms | 435 | 479 | +10.1% |
| 4 Bedrooms | 206 | 216 | +4.9% |
| 5+ Bedrooms | 50 | 46 | -8.0% |
Summary: The Thurston County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 8%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 224 | 228 | +1.8% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
76 Homes Were Sold
At Asking
88 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thurston County, you could pay more than the asking price. 38.6% of homes here sold above asking price last month.
Summary: A total of 228 homes were sold or pending in Thurston County in March 2024, up by 1.8% month-over-month. Of the 228 sold homes, 28% were sold under asking, 33% were sold at asking, and 39% were sold over asking.
Days on Market for Thurston County, WA
How long does it take to sell a home in Thurston County, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 46 Days | 42 Days | -7.0% |
Summary: Homes in Thurston County had an average of 42 days on market in Mar 2024, down by 7% compared to last year.
Breakdown of Home Sale Times
143 Homes Were Sold
Under 30 Days
45 Homes Were Sold
In 30 - 90 Days
40 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thurston County are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 228 homes were sold in Thurston County; 63% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.