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 November 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

$508,590

$285/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,634(+1.7%)

Key Takeaway

Homes in Thurston County have sold for 1.7% more than they did a year ago.

Summary: The median home sold price in Thurston County was $508,590 in November 2024, up 1.7% from last year, and the median price per square foot was $285.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $294.9K$307.7K
+4.3%
2 $400.6K$404.9K
+1.1%
3 $475K$487.8K
+2.7%
4 $564.7K$580.3K
+2.8%
5+ $597.4K$615K
+2.9%

Summary: Thurston County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.3%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 2.9%.

Median Sold Price Compared To Nearby Counties

Mason County
+4.9%
Pierce County
+4.8%
Grays Harbor County
+2.7%
Lewis County
+2.2%
Thurston County
+1.7%

Housing Supply in Thurston County, WA

How many homes are available in Thurston County, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1,1861,035-12.7%

Summary: The Thurston County real estate market had 1,035 homes for sale in November 2024, a 12.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 159
-40.0%
2 178172
-3.4%
3 632541
-14.4%
4 296250
-15.5%
5+ 6563
-3.1%

Summary: The Thurston County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 14.4%, 4 bedroom homes decreased by 15.5%, and 5+ bedroom homes decreased by 3.1%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
330254-23.0%

Asking Price vs. Sold Price

89 Homes Were Sold
Under Asking

92 Homes Were Sold
At Asking

73 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thurston County, expect to pay close to the asking price. 36.2% of homes here sold near the asking price last month.

Summary: A total of 254 homes were sold or pending in Thurston County in November 2024, down by 23.0% month-over-month. Of the 254 sold homes, 35% were sold under asking, 36% were sold at asking, and 29% 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

Nov 2023Nov 2024CHANGE
28 Days40 Days+42.1%

Summary: Homes in Thurston County had an average of 40 days on market in Nov 2024, up by 42.1% compared to last year.

Breakdown of Home Sale Times

146 Homes Were Sold
Under 30 Days

74 Homes Were Sold
In 30 - 90 Days

34 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 November 2024, 254 homes were sold in Thurston County; 57% of homes were sold within 30 days, 29% 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

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