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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thurston South is a seller's market

Buyer's
Market

Difference Since September 2021

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.

How much do homes in Thurston South, WA cost?

Median Sold Price

$458,124

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$45,026(+10.9%)

Key Takeaway

Homes in Thurston South have sold for 10.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $255K$269.9K
+5.8%
2 $321K$375K
+16.8%
3 $405K$450K
+11.1%
4 $527.5K$650K
+23.2%
5+ $765K$630K
-17.6%

Median Sold Price Compared To Nearby Cities

Rainier
+17.2%
Tenino
+16.2%
Olympia East
+15.8%
Thurston South
+10.9%

How many homes are available in Thurston South, WA?

Number of Homes For Sale

Aug 2022Sep 2022%
234227-3.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 55
0.0%
2 2221
-4.5%
3 167166
-0.6%
4 3427
-20.6%
5+ 68
+33.3%

Number of Homes Sold

Aug 2022Sep 2022%
6952-24.6%

Asking Price vs. Sold Price

19 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thurston South, expect to pay close to the asking price. 40.4% of homes here sold near the asking price last month.

Average Sale Time

Sep 2021Sep 2022%
11 Days26 Days+140.4%

Breakdown of Home Sale Times

33 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

3 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.

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

About Thurston South, WA

Thurston South, WA has 227 homes for sale to choose from. Between August 2022 and September 2022, Thurston South, WA real estate market has seen decrease in the number of listings by 3%. The median list price of listings available in September 2022 was $458,124, while the average time on the real estate market was 26 days. Listing prices have changed in this real estate market between August 2022 and September 2022: prices of 1 bedroom properties increased by 5.8%, 2 bedrooms properties became 16.8% more expensive, prices of 3 bedrooms properties went up by 11.1%, prices of 4 bedrooms properties went up by 23.2%, prices of 5 bedrooms properties went down by 17.6%. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes stayed the same, 2 bedrooms homes inventory decreased by 4.5%, volume of 3 bedrooms homes went down by 0.6%, 4 bedrooms homes became 20.6% less available, number of 5 bedrooms homes increased by 33.3%. Thurston South, WA housing market in September 2022 saw over 12 listings sold above listed price, more than 21 sold at listed price and over 19 sold below.

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