$3,551 Closing Credit*
$299,000
941 SqFt
2 Beds
•1 Full Bath
Kelley Morgan, 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 October 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
$552,996
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,814(+2.4%)
Key Takeaway
Homes in Olympia have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Olympia was $552,996 in October 2024, up 2.4% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $301.9K | $310K | +2.6% |
| 2 Bedrooms | $425K | $435K | +2.4% |
| 3 Bedrooms | $519.3K | $519.5K | 0.0% |
| 4 Bedrooms | $605K | $616.4K | +1.9% |
| 5+ Bedrooms | $603K | $632.2K | +4.8% |
Summary: Olympia housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 2.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 4.8%.
Housing Supply in Olympia, WA
How many homes are available in Olympia, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 601 | 644 | +7.2% |
Summary: The Olympia real estate market had 644 homes for sale in October 2024, a 7.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 14 | +55.6% |
| 2 Bedrooms | 90 | 98 | +8.9% |
| 3 Bedrooms | 309 | 323 | +4.5% |
| 4 Bedrooms | 166 | 174 | +4.8% |
| 5+ Bedrooms | 27 | 35 | +29.6% |
Summary: The Olympia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 55.6%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 29.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 156 | 157 | +0.6% |
Asking Price vs. Sold Price
73 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
42 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Olympia, you may be able to get a good deal. 46.5% of homes here sold below asking price last month.
Summary: A total of 157 homes were sold or pending in Olympia in October 2024, up by 0.6% month-over-month. Of the 157 sold homes, 46% were sold under asking, 27% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 40 Days | +18.0% |
Summary: Homes in Olympia had an average of 40 days on market in Oct 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
78 Homes Were Sold
Under 30 Days
58 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 October 2024, 157 homes were sold in Olympia; 50% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 13% 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.