Is Thurston County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thurston County is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Thurston County has remained a Seller's Market.

Key Takeaway

Thurston County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Thurston County, WA

How much do homes in Thurston County, WA cost?

Median Sold Price

$507,833

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,207(+2.5%)

Key Takeaway

Homes in Thurston County have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in Thurston County was $507,833 in October 2024, up 2.5% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $290K$305.5K
+5.3%
2 $401.3K$405K
+0.9%
3 $472.5K$487.9K
+3.3%
4 $555.4K$580K
+4.4%
5+ $594.5K$616K
+3.6%

Summary: Thurston County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 3.6%.

Median Sold Price Compared To Nearby Counties

Pierce County
+5.2%
Mason County
+4.8%
Grays Harbor County
+3.4%
Thurston County
+2.5%
Lewis County
+1.3%

Housing Supply in Thurston County, WA

How many homes are available in Thurston County, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,1801,227+4.0%

Summary: The Thurston County real estate market had 1,227 homes for sale in October 2024, a 4.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 1117
+54.5%
2 179186
+3.9%
3 645660
+2.3%
4 290298
+2.8%
5+ 5566
+20.0%

Summary: The Thurston County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 54.5%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
304316+3.9%

Asking Price vs. Sold Price

131 Homes Were Sold
Under Asking

103 Homes Were Sold
At Asking

82 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thurston County, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

Summary: A total of 316 homes were sold or pending in Thurston County in October 2024, up by 3.9% month-over-month. Of the 316 sold homes, 41% were sold under asking, 33% were sold at asking, and 26% were sold over asking.

Days on Market for Thurston County, WA

How long does it take to sell a home in Thurston County, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days39 Days+30.0%

Summary: Homes in Thurston County had an average of 39 days on market in Oct 2024, up by 30% compared to last year.

Breakdown of Home Sale Times

164 Homes Were Sold
Under 30 Days

111 Homes Were Sold
In 30 - 90 Days

41 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Thurston County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 316 homes were sold in Thurston County; 52% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Thurston County, WA

Nearby Markets to Thurston County, WA

What housing markets are near Thurston County, WA?