$7,422 Closing Credit*
$625,000
1,920 SqFt
3 Beds
•2 Full Baths
Beatrice Scott, Listing Office: Van Dorm Realty, Inc
Is Olympia West, 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 West has remained a Seller's Market.
Key Takeaway
Olympia West is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Olympia West, WA
How much do homes in Olympia West, WA cost?
Median Sold Price
$594,956
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,956(+0.8%)
Key Takeaway
Homes in Olympia West have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Olympia West was $594,956 in November 2024, up 0.8% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $332K | $429.9K | +29.5% |
| 2 Bedrooms | $530K | $454.5K | -14.2% |
| 3 Bedrooms | $570.7K | $599.9K | +5.1% |
| 4 Bedrooms | $642.4K | $628K | -2.2% |
| 5+ Bedrooms | $609.4K | $620K | +1.7% |
Summary: Olympia West housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 29.5%, 2 bedroom homes decreased by 14.2%, 3 bedroom homes increased by 5.1%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Malone-Porter | $370K | $490K | +32.4% |
| Kamilche | $347.5K | $390K | +12.2% |
| Tumwater | $500K | $508K | +1.6% |
| Olympia West | $590K | $594.9K | +0.8% |
| Thurston South | $460.3K | $460.3K | 0% |
Housing Supply in Olympia West, WA
How many homes are available in Olympia West, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 86 | 78 | -9.3% |
Summary: The Olympia West real estate market had 78 homes for sale in November 2024, a 9.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 12 | 12 | 0.0% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 32 | 25 | -21.9% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Olympia West housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 21.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 15 | -25.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olympia West, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Olympia West in November 2024, down by 25.0% month-over-month. Of the 15 sold homes, 53% were sold under asking, 13% were sold at asking, and 33% were sold over asking.
Days on Market for Olympia West, WA
How long does it take to sell a home in Olympia West, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 54 Days | +56.9% |
Summary: Homes in Olympia West had an average of 54 days on market in Nov 2024, up by 56.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Olympia West are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 15 homes were sold in Olympia West; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% 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.