Is Thurston South, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Thurston South has remained a Seller's Market.
Housing Prices in Thurston South, WA
How much do homes in Thurston South, WA cost?
Median Sold Price
$455,928
$287/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Thurston South was $455,928 in May 2024, up 0.2% from last year, and the median price per square foot was $287.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $280K | $232.5K | -17.0% |
2 Bedrooms | $364.9K | $369.5K | +1.3% |
3 Bedrooms | $452.8K | $459.6K | +1.5% |
4 Bedrooms | $625K | $617.5K | -1.2% |
5+ Bedrooms | $785K | $800K | +1.9% |
Summary: Thurston South housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Tenino | $432.5K | $459.9K | +6.4% |
Olympia East | $464.6K | $490.7K | +5.6% |
Rainier | $468K | $475K | +1.5% |
Thurston South | $454.8K | $455.9K | 0.2% |
Housing Supply in Thurston South, WA
How many homes are available in Thurston South, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
152 | 180 | +18.4% |
Summary: The Thurston South real estate market had 180 homes for sale in May 2024, a 18.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 3 | +200.0% |
2 Bedrooms | 22 | 32 | +45.5% |
3 Bedrooms | 104 | 119 | +14.4% |
4 Bedrooms | 21 | 23 | +9.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Thurston South housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 45.5%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
41 | 33 | -19.5% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in Thurston South in May 2024, down by 19.5% month-over-month. Of the 33 sold homes, 42% were sold under asking, 9% were sold at asking, and 48% were sold over asking.
Days on Market for Thurston South, WA
How long does it take to sell a home in Thurston South, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
72 Days | 36 Days | -49.7% |
Summary: Homes in Thurston South had an average of 36 days on market in May 2024, down by 49.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 33 homes were sold in Thurston South; 67% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.