Is Tumwater, 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, Tumwater has remained a Seller's Market.
Housing Prices in Tumwater, WA
How much do homes in Tumwater, WA cost?
Median Sold Price
$509,950
$260/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Tumwater was $509,950 in April 2024, up 2% from last year, and the median price per square foot was $260.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $190K | $328K | +72.6% |
2 Bedrooms | $382K | $387.4K | +1.4% |
3 Bedrooms | $490K | $490K | 0.0% |
4 Bedrooms | $569.5K | $562.5K | -1.2% |
5+ Bedrooms | $590K | $630K | +6.8% |
Summary: Tumwater housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.6%, 2 bedroom homes increased by 1.4%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
Olympia | $506.8K | $545.7K | +7.7% |
Tumwater | $499.9K | $509.9K | +2.0% |
Olympia West | $590K | $584.9K | -0.9% |
Housing Supply in Tumwater, WA
How many homes are available in Tumwater, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
84 | 98 | +16.7% |
Summary: The Tumwater real estate market had 98 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 7 | 10 | +42.9% |
3 Bedrooms | 38 | 47 | +23.7% |
4 Bedrooms | 30 | 29 | -3.3% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Tumwater 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 increased by 42.9%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
20 | 29 | +45.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Tumwater in April 2024, up by 45.0% month-over-month. Of the 29 sold homes, 14% were sold under asking, 38% were sold at asking, and 48% were sold over asking.
Days on Market for Tumwater, WA
How long does it take to sell a home in Tumwater, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 25 Days | -18.9% |
Summary: Homes in Tumwater had an average of 25 days on market in Apr 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 29 homes were sold in Tumwater; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.