Is Tumwater, 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, Tumwater has remained a Seller's Market.
Housing Prices in Tumwater, WA
How much do homes in Tumwater, WA cost?
Median Sold Price
$511,562
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Tumwater was $511,562 in March 2024, up 3.4% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | - | N/A |
2 Bedrooms | $370K | $383.5K | +3.6% |
3 Bedrooms | $489.3K | $495K | +1.2% |
4 Bedrooms | $559.9K | $569K | +1.6% |
5+ Bedrooms | $590K | $630K | +6.8% |
Summary: Tumwater housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Olympia | $503K | $545.3K | +8.4% |
Tumwater | $494.6K | $511.5K | +3.4% |
Olympia West | $611.6K | $584.9K | -4.4% |
Housing Supply in Tumwater, WA
How many homes are available in Tumwater, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
81 | 89 | +9.9% |
Summary: The Tumwater real estate market had 89 homes for sale in March 2024, a 9.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 35 | 40 | +14.3% |
4 Bedrooms | 28 | 31 | +10.7% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Tumwater housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 19 | -9.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Tumwater in March 2024, down by 9.5% month-over-month. Of the 19 sold homes, 32% were sold under asking, 37% were sold at asking, and 32% were sold over asking.
Days on Market for Tumwater, WA
How long does it take to sell a home in Tumwater, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
63 Days | 45 Days | -28.6% |
Summary: Homes in Tumwater had an average of 45 days on market in Mar 2024, down by 28.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 19 homes were sold in Tumwater; 63% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.