Is Thurston South, WA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Thurston South is a seller's market


Difference Since August 2022

Since last year, Thurston South has remained a Seller's Market.

Key Takeaway

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

Housing Prices

How much do homes in Thurston South, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Thurston South have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Thurston South was $455,958 in August 2023, down 0.9% from last year, and the median price per square foot was $279.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $269.9K$280K
2 $365K$360K
3 $450K$459K
4 $620K$610K
5+ $502.5K$910K

Summary: Thurston South housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes increased by 81.1%.

Median Sold Price Compared To Nearby Cities

Olympia East
Thurston South

Housing Supply

How many homes are available in Thurston South, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Thurston South real estate market had 208 homes for sale in August 2023, a 8.9% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 33
2 2727
3 126135
4 3137
5+ 46

Summary: The Thurston South housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 19.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

20 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thurston South, you could pay more than the asking price. 41.7% of homes here sold above asking price last month.

Summary: A total of 48 homes were sold or pending in Thurston South in August 2023, down by 4.0% month-over-month. Of the 48 sold homes, 40% were sold under asking, 19% were sold at asking, and 42% were sold over asking.

Days on Market

How long does it take to sell a home in Thurston South, WA?

Average Sale Time

Aug 2022Aug 2023CHANGE
22 Days22 Days-2.1%

Summary: Homes in Thurston South had an average of 22 days on market in Aug 2023, down by 2.1% compared to last year.

Breakdown of Home Sale Times

36 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2023, 48 homes were sold in Thurston South; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

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Nearby Markets

What housing markets are near Thurston South, WA?