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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thurston South is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Thurston South, WA

How much do homes in Thurston South, WA cost?

Median Sold Price

$460,333

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$41(0%)

Key Takeaway

The sold price of homes in Thurston South has remained the same since last year.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $280K$250K
-10.7%
2 $360K$362K
+0.6%
3 $460.2K$470K
+2.1%
4 $605K$697.5K
+15.3%
5+ $785K$705K
-10.2%

Summary: Thurston South housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 15.3%, and 5+ bedroom homes decreased by 10.2%.

Median Sold Price Compared To Nearby Cities

Tenino
+3.2%
Olympia East
+3.1%
Thurston South
0%
Rainier
-0.5%

Housing Supply in Thurston South, WA

How many homes are available in Thurston South, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
197169-14.2%

Summary: The Thurston South real estate market had 169 homes for sale in November 2024, a 14.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 20
-100.0%
2 2519
-24.0%
3 137117
-14.6%
4 2728
+3.7%
5+ 65
-16.7%

Summary: The Thurston South housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 24%, 3 bedroom homes decreased by 14.6%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 16.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
5129-43.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thurston South, you may be able to get a good deal. 44.8% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Thurston South in November 2024, down by 43.1% month-over-month. Of the 29 sold homes, 45% were sold under asking, 38% were sold at asking, and 17% 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

Nov 2023Nov 2024CHANGE
48 Days46 Days-3.9%

Summary: Homes in Thurston South had an average of 46 days on market in Nov 2024, down by 3.9% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 29 homes were sold in Thurston South; 41% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 21% 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 17 Days Ago

Newest Listings in Thurston South, WA

Nearby Markets to Thurston South, WA

What housing markets are near Thurston South, WA?