Is Timber Lake-Harstine Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Timber Lake-Harstine Island has remained a Seller's Market.
Key Takeaway
Timber Lake-Harstine Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Timber Lake-Harstine Island, WA
How much do homes in Timber Lake-Harstine Island, WA cost?
Median Sold Price
$360,500
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Timber Lake-Harstine Island have sold for 1.2% less than they did a year ago.
Summary: The median home sold price in Timber Lake-Harstine Island was $360,500 in April 2024, down 1.2% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292K | $265K | -9.2% |
| 2 Bedrooms | $348.5K | $385K | +10.5% |
| 3 Bedrooms | $379.9K | $349.9K | -7.9% |
| 4 Bedrooms | $525K | $560K | +6.7% |
| 5+ Bedrooms | $2.0M | $685K | -65.8% |
Summary: Timber Lake-Harstine Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.2%, 2 bedroom homes increased by 10.5%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 65.8%.
Median Sold Price Compared To Nearby Cities
| Union-Grapeview | $450K | $465K | +3.3% |
| Olympia West | $590K | $584.9K | -0.9% |
| Timber Lake-Harstine Island | $365K | $360.5K | -1.2% |
| Grapeview | $525K | $465K | -11.4% |
Housing Supply in Timber Lake-Harstine Island, WA
How many homes are available in Timber Lake-Harstine Island, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 74 | +27.6% |
Summary: The Timber Lake-Harstine Island real estate market had 74 homes for sale in April 2024, a 27.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 16 | 18 | +12.5% |
| 3 Bedrooms | 33 | 44 | +33.3% |
| 4 Bedrooms | 1 | 3 | +200.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Timber Lake-Harstine Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 200%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 11 | 17 | +54.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Timber Lake-Harstine Island, expect to pay close to the asking price. 41.2% of homes here sold near the asking price last month.
Summary: A total of 17 homes were sold or pending in Timber Lake-Harstine Island in April 2024, up by 54.5% month-over-month. Of the 17 sold homes, 35% were sold under asking, 41% were sold at asking, and 24% were sold over asking.
Days on Market for Timber Lake-Harstine Island, WA
How long does it take to sell a home in Timber Lake-Harstine Island, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 34 Days | -41.5% |
Summary: Homes in Timber Lake-Harstine Island had an average of 34 days on market in Apr 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Timber Lake-Harstine Island are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 17 homes were sold in Timber Lake-Harstine Island; 59% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.