Is Thurston South, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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 in Thurston South, WA
How much do homes in Thurston South, WA cost?
Median Sold Price
$459,728
$285/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Thurston South have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Thurston South was $459,728 in April 2024, up 0.5% from last year, and the median price per square foot was $285.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $232.5K | -19.8% |
| 2 Bedrooms | $375K | $375K | 0.0% |
| 3 Bedrooms | $456.2K | $459.6K | +0.7% |
| 4 Bedrooms | $625K | $620K | -0.8% |
| 5+ Bedrooms | $700K | $737.5K | +5.4% |
Summary: Thurston South housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.8%, 2 bedroom homes did not change, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 5.4%.
Median Sold Price Compared To Nearby Cities
| Tenino | $424.9K | $462.5K | +8.8% |
| Olympia East | $465.5K | $489.9K | +5.3% |
| Rainier | $455K | $478.5K | +5.2% |
| Thurston South | $457.2K | $459.7K | 0.5% |
| Bucoda | $305K | $247.9K | -18.7% |
Housing Supply in Thurston South, WA
How many homes are available in Thurston South, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 152 | 155 | +2.0% |
Summary: The Thurston South real estate market had 155 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 24 | 21 | -12.5% |
| 3 Bedrooms | 106 | 107 | +0.9% |
| 4 Bedrooms | 19 | 22 | +15.8% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Thurston South housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 43 | 39 | -9.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thurston South, you could pay more than the asking price. 48.7% of homes here sold above asking price last month.
Summary: A total of 39 homes were sold or pending in Thurston South in April 2024, down by 9.3% month-over-month. Of the 39 sold homes, 21% were sold under asking, 31% were sold at asking, and 49% were sold over asking.
Days on Market for Thurston South, WA
How long does it take to sell a home in Thurston South, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 54 Days | 33 Days | -38.2% |
Summary: Homes in Thurston South had an average of 33 days on market in Apr 2024, down by 38.2% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thurston South are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 39 homes were sold in Thurston South; 72% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 15% 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.