Is Timber Lake-Harstine Island, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Timber Lake-Harstine Island is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Timber Lake-Harstine Island has remained a Seller's Market.

Key Takeaway

Timber Lake-Harstine Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Timber Lake-Harstine Island, WA

How much do homes in Timber Lake-Harstine Island, WA cost?

Median Sold Price

$374,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$24,000(+6.9%)

Key Takeaway

Homes in Timber Lake-Harstine Island have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Timber Lake-Harstine Island was $374,000 in November 2024, up 6.9% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $357.5K$300K
-16.1%
2 $380K$379.5K
-0.1%
3 $349.9K$385K
+10.0%
4 $560K$555K
-0.9%
5+ $567K$1.2M
+127.1%

Summary: Timber Lake-Harstine Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 16.1%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 0.9%, and 5+ bedroom homes increased by 127.1%.

Median Sold Price Compared To Nearby Cities

Timber Lake-Harstine Island
+6.9%
Union-Grapeview
+6.3%
Olympia West
+0.8%

Housing Supply in Timber Lake-Harstine Island, WA

How many homes are available in Timber Lake-Harstine Island, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8571-16.5%

Summary: The Timber Lake-Harstine Island real estate market had 71 homes for sale in November 2024, a 16.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 84
-50.0%
2 2117
-19.0%
3 5146
-9.8%
4 54
-20.0%
5+ 00
0.0%

Summary: The Timber Lake-Harstine Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 19%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2413-45.8%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Timber Lake-Harstine Island, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 13 homes were sold or pending in Timber Lake-Harstine Island in November 2024, down by 45.8% month-over-month. Of the 13 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% were sold over asking.

Days on Market for Timber Lake-Harstine Island, WA

How long does it take to sell a home in Timber Lake-Harstine Island, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
72 Days78 Days+8.7%

Summary: Homes in Timber Lake-Harstine Island had an average of 78 days on market in Nov 2024, up by 8.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Timber Lake-Harstine Island has remained consistent over time.

Summary: During November 2024, 13 homes were sold in Timber Lake-Harstine Island; 23% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 38% 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 Timber Lake-Harstine Island, WA

Nearby Markets to Timber Lake-Harstine Island, WA

What housing markets are near Timber Lake-Harstine Island, WA?