$5,224 Closing Credit*
$439,900
1,890 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jeanne Tranum, Listing Office: Coldwell Banker Evergreen
Is Olympia, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Olympia has remained a Seller's Market.
Key Takeaway
Olympia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olympia, WA
How much do homes in Olympia, WA cost?
Median Sold Price
$550,533
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,536(+1.0%)
Key Takeaway
Homes in Olympia have sold for 1% more than they did a year ago.
Summary: The median home sold price in Olympia was $550,533 in November 2024, up 1% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $304K | $312.5K | +2.8% |
| 2 Bedrooms | $433K | $432K | -0.2% |
| 3 Bedrooms | $520.1K | $517K | -0.6% |
| 4 Bedrooms | $616.2K | $622.9K | +1.1% |
| 5+ Bedrooms | $609.7K | $631.1K | +3.5% |
Summary: Olympia housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes decreased by 0.2%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 3.5%.
Housing Supply in Olympia, WA
How many homes are available in Olympia, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 616 | 550 | -10.7% |
Summary: The Olympia real estate market had 550 homes for sale in November 2024, a 10.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 9 | -30.8% |
| 2 Bedrooms | 90 | 93 | +3.3% |
| 3 Bedrooms | 309 | 263 | -14.9% |
| 4 Bedrooms | 170 | 148 | -12.9% |
| 5+ Bedrooms | 34 | 37 | +8.8% |
Summary: The Olympia housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30.8%, 2 bedroom homes increased by 3.3%, 3 bedroom homes decreased by 14.9%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 164 | 130 | -20.7% |
Asking Price vs. Sold Price
54 Homes Were Sold
Under Asking
47 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olympia, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.
Summary: A total of 130 homes were sold or pending in Olympia in November 2024, down by 20.7% month-over-month. Of the 130 sold homes, 42% were sold under asking, 36% were sold at asking, and 22% were sold over asking.
Days on Market for Olympia, WA
How long does it take to sell a home in Olympia, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 47 Days | +57.9% |
Summary: Homes in Olympia had an average of 47 days on market in Nov 2024, up by 57.9% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olympia are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 130 homes were sold in Olympia; 54% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 16% 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.