$2,968 Closing Credit*
$249,950
716 SqFt
2 Beds
•1 Full Bath
Rick Simpson, Listing Office: John L. Scott/Yelm
Is Yelm, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Yelm has remained a Seller's Market.
Key Takeaway
Yelm is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Yelm, WA
How much do homes in Yelm, WA cost?
Median Sold Price
$472,250
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,600(+4.6%)
Key Takeaway
Homes in Yelm have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Yelm was $472,250 in November 2024, up 4.6% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $280K | $367.8K | +31.4% |
| 2 Bedrooms | $345K | $362K | +4.9% |
| 3 Bedrooms | $430K | $452.4K | +5.2% |
| 4 Bedrooms | $515K | $530K | +2.9% |
| 5+ Bedrooms | $525K | $571.3K | +8.8% |
Summary: Yelm housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.4%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 5.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 8.8%.
Median Sold Price Compared To Nearby Cities
| Yelm | $451.6K | $472.2K | +4.6% |
| Olympia East | $485K | $500K | +3.1% |
Housing Supply in Yelm, WA
How many homes are available in Yelm, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 175 | 158 | -9.7% |
Summary: The Yelm real estate market had 158 homes for sale in November 2024, a 9.7% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 92 | 90 | -2.2% |
| 4 Bedrooms | 53 | 43 | -18.9% |
| 5+ Bedrooms | 14 | 12 | -14.3% |
Summary: The Yelm 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 13.3%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 38 | 33 | -13.2% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Yelm, expect to pay close to the asking price. 48.5% of homes here sold near the asking price last month.
Summary: A total of 33 homes were sold or pending in Yelm in November 2024, down by 13.2% month-over-month. Of the 33 sold homes, 12% were sold under asking, 48% were sold at asking, and 39% were sold over asking.
Days on Market for Yelm, WA
How long does it take to sell a home in Yelm, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 44 Days | +84.0% |
Summary: Homes in Yelm had an average of 44 days on market in Nov 2024, up by 84% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Yelm are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 33 homes were sold in Yelm; 45% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.