Is Tumwater, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Tumwater is a seller's market

Buyer's
Market

Difference Since August 2021

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

Key Takeaway

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

How much do homes in Tumwater, WA cost?

Median Sold Price

$489,033

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$84,033(+20.7%)

Key Takeaway

Homes in Tumwater have sold for 20.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $280K$225K
-19.6%
2 $310K$370.5K
+19.5%
3 $403.1K$475K
+17.8%
4 $422.5K$541.7K
+28.2%
5+ $500K$610K
+22.0%

Median Sold Price Compared To Nearby Cities

Olympia West
+25.3%
Tumwater
+20.7%
Olympia
+15.9%

How many homes are available in Tumwater, WA?

Number of Homes For Sale

Jul 2022Aug 2022%
7593+24.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 00
0.0%
2 76
-14.3%
3 4544
-2.2%
4 1934
+78.9%
5+ 49
+125.0%

Number of Homes Sold

Jul 2022Aug 2022%
21210.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Tumwater, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.

Average Sale Time

Aug 2021Aug 2022%
6 Days14 Days+108.6%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Tumwater 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 Tumwater, WA

Number of homes for sale in Tumwater, WA real estate market have reached 93. The number of homes for sale in Tumwater, WA increased by 24% between July 2022 and August 2022. While the average time on the market in August 2022 was 14 days, the median list price was $489,033. Real estate listing prices changed between July 2022 and August 2022: prices of 1 bedroom properties decreased by 19.6%, prices of 2 bedrooms properties increased by 19.5%, 3 bedrooms properties became 17.8% more expensive, 4 bedrooms properties became 28.2% more expensive, 5 bedrooms properties became 22% more expensive. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes have not changed, number of 2 bedrooms homes decreased by 14.3%, number of 3 bedrooms homes decreased by 2.2%, number of 4 bedrooms homes increased by 78.9%, 5 bedrooms homes became 125% more available. While more than 12 listings in Tumwater, WA in August 2022 were sold above asking price, there were more than 4 listings sold at asking price, and more than 5 were sold below.

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