Is Olympia East, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Olympia East is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Olympia East, WA

How much do homes in Olympia East, WA cost?

Median Sold Price

$489,995

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,495(+5.3%)

Key Takeaway

Homes in Olympia East have sold for 5.3% more than they did a year ago.

Summary: The median home sold price in Olympia East was $489,995 in April 2024, up 5.3% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $237K$289.5K
+22.2%
2 $370K$399.4K
+7.9%
3 $438.9K$460K
+4.8%
4 $513K$534K
+4.1%
5+ $555K$532.5K
-4.1%

Summary: Olympia East housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes decreased by 4.1%.

Median Sold Price Compared To Nearby Cities

Olympia East
+5.3%
Yelm
+2.9%
Lacey
+1.7%
Thurston South
0.5%
Fort Lewis-DuPont
-2.0%

Housing Supply in Olympia East, WA

How many homes are available in Olympia East, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
180193+7.2%

Summary: The Olympia East real estate market had 193 homes for sale in April 2024, a 7.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 66
0.0%
2 1818
0.0%
3 99109
+10.1%
4 4952
+6.1%
5+ 88
0.0%

Summary: The Olympia East housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
4360+39.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

25 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olympia East, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.

Summary: A total of 60 homes were sold or pending in Olympia East in April 2024, up by 39.5% month-over-month. Of the 60 sold homes, 17% were sold under asking, 42% were sold at asking, and 42% were sold over asking.

Days on Market for Olympia East, WA

How long does it take to sell a home in Olympia East, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
29 Days35 Days+21.3%

Summary: Homes in Olympia East had an average of 35 days on market in Apr 2024, up by 21.3% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Olympia East are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 60 homes were sold in Olympia East; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 14 Days Ago

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