Is Yelm, 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, Yelm has remained a Seller's Market.
Housing Prices in Yelm, WA
How much do homes in Yelm, WA cost?
Median Sold Price
$459,500
$254/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Yelm was $459,500 in March 2024, up 2.1% from last year, and the median price per square foot was $254.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $302.4K | +10.0% |
2 Bedrooms | $341.5K | $359.5K | +5.3% |
3 Bedrooms | $425K | $440K | +3.5% |
4 Bedrooms | $505K | $519.9K | +3.0% |
5+ Bedrooms | $549K | $527.5K | -3.9% |
Summary: Yelm housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 3.9%.
Median Sold Price Compared To Nearby Cities
Olympia East | $469.9K | $490.3K | +4.3% |
Yelm | $450K | $459.5K | +2.1% |
Housing Supply in Yelm, WA
How many homes are available in Yelm, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
169 | 169 | 0.0% |
Summary: The Yelm real estate market had 169 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 25 | 26 | +4.0% |
3 Bedrooms | 91 | 93 | +2.2% |
4 Bedrooms | 42 | 42 | 0.0% |
5+ Bedrooms | 10 | 7 | -30.0% |
Summary: The Yelm housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 2.2%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 30%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 43 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 43 homes were sold or pending in Yelm in March 2024, the same as the previous month. Of the 43 sold homes, 12% were sold under asking, 21% were sold at asking, and 67% were sold over asking.
Days on Market for Yelm, WA
How long does it take to sell a home in Yelm, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
50 Days | 57 Days | +12.8% |
Summary: Homes in Yelm had an average of 57 days on market in Mar 2024, up by 12.8% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During March 2024, 43 homes were sold in Yelm; 47% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.