Is Timber Lake-Harstine Island, 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, Timber Lake-Harstine Island has remained a Seller's Market.
Key Takeaway
Timber Lake-Harstine Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Timber Lake-Harstine Island, WA
How much do homes in Timber Lake-Harstine Island, WA cost?
Median Sold Price
$359,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Timber Lake-Harstine Island have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Timber Lake-Harstine Island was $359,000 in March 2024, down 6.8% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $264.5K | $310K | +17.2% |
| 2 Bedrooms | $352K | $382.5K | +8.7% |
| 3 Bedrooms | $400K | $349.9K | -12.5% |
| 4 Bedrooms | $524.9K | $560K | +6.7% |
| 5+ Bedrooms | $2.0M | $685K | -65.8% |
Summary: Timber Lake-Harstine Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 65.8%.
Median Sold Price Compared To Nearby Cities
| Union-Grapeview | $450K | $469K | +4.2% |
| Olympia West | $611.6K | $584.9K | -4.4% |
| Timber Lake-Harstine Island | $385K | $359K | -6.8% |
| Grapeview | $475K | $439.9K | -7.4% |
Housing Supply in Timber Lake-Harstine Island, WA
How many homes are available in Timber Lake-Harstine Island, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 56 | +9.8% |
Summary: The Timber Lake-Harstine Island real estate market had 56 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 7 | +75.0% |
| 2 Bedrooms | 16 | 17 | +6.3% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Timber Lake-Harstine Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 75%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 3.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 11 | -15.4% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Timber Lake-Harstine Island, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.
Summary: A total of 11 homes were sold or pending in Timber Lake-Harstine Island in March 2024, down by 15.4% month-over-month. Of the 11 sold homes, 27% were sold under asking, 9% were sold at asking, and 64% were sold over asking.
Days on Market for Timber Lake-Harstine Island, WA
How long does it take to sell a home in Timber Lake-Harstine Island, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 107 Days | 45 Days | -57.2% |
Summary: Homes in Timber Lake-Harstine Island had an average of 45 days on market in Mar 2024, down by 57.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Timber Lake-Harstine Island are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Timber Lake-Harstine Island; 73% of homes were sold within 30 days, 9% 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. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.