Is Thurston County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thurston County is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in Thurston County, WA

How much do homes in Thurston County, WA cost?

Median Sold Price

$500,007

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$2,352(+0.5%)

Key Takeaway

The sold price of homes in Thurston County has remained the same since last year.

Summary: The median home sold price in Thurston County was $500,007 in April 2024, up 0.5% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $277.5K$312K
+12.4%
2 $413.4K$405K
-2.0%
3 $474.9K$480K
+1.1%
4 $555K$569.9K
+2.7%
5+ $600K$602.2K
0.4%

Summary: Thurston County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.4%, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Counties

Grays Harbor County
+0.7%
Thurston County
0.5%
Pierce County
0.1%
Lewis County
0.0%
Mason County
-0.6%

Housing Supply in Thurston County, WA

How many homes are available in Thurston County, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
881999+13.4%

Summary: The Thurston County real estate market had 999 homes for sale in April 2024, a 13.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1317
+30.8%
2 118147
+24.6%
3 486539
+10.9%
4 215240
+11.6%
5+ 4956
+14.3%

Summary: The Thurston County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 10.9%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 14.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
239282+18.0%

Asking Price vs. Sold Price

66 Homes Were Sold
Under Asking

90 Homes Were Sold
At Asking

126 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thurston County, you could pay more than the asking price. 44.7% of homes here sold above asking price last month.

Summary: A total of 282 homes were sold or pending in Thurston County in April 2024, up by 18.0% month-over-month. Of the 282 sold homes, 23% were sold under asking, 32% were sold at asking, and 45% were sold over asking.

Days on Market for Thurston County, WA

How long does it take to sell a home in Thurston County, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
33 Days29 Days-9.3%

Summary: Homes in Thurston County had an average of 29 days on market in Apr 2024, down by 9.3% compared to last year.

Breakdown of Home Sale Times

216 Homes Were Sold
Under 30 Days

36 Homes Were Sold
In 30 - 90 Days

30 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 282 homes were sold in Thurston County; 77% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 11% 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 2 Days Ago

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