Is Olympia, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Olympia has remained a Seller's Market.
Housing Prices in Olympia, WA
How much do homes in Olympia, WA cost?
Median Sold Price
$545,780
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Olympia was $545,780 in April 2024, up 7.7% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $266.5K | $312K | +17.1% |
2 Bedrooms | $415K | $435K | +4.8% |
3 Bedrooms | $500K | $519.6K | +3.9% |
4 Bedrooms | $575K | $623.8K | +8.5% |
5+ Bedrooms | $610.8K | $606.2K | -0.8% |
Summary: Olympia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.1%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes decreased by 0.8%.
Housing Supply in Olympia, WA
How many homes are available in Olympia, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
403 | 478 | +18.6% |
Summary: The Olympia real estate market had 478 homes for sale in April 2024, a 18.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 56 | 73 | +30.4% |
3 Bedrooms | 213 | 237 | +11.3% |
4 Bedrooms | 96 | 121 | +26.0% |
5+ Bedrooms | 28 | 34 | +21.4% |
Summary: The Olympia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 30.4%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 26%, and 5+ bedroom homes increased by 21.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
104 | 120 | +15.4% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
45 Homes Were Sold
At Asking
46 Homes Were Sold
Over Asking
Summary: A total of 120 homes were sold or pending in Olympia in April 2024, up by 15.4% month-over-month. Of the 120 sold homes, 24% were sold under asking, 38% were sold at asking, and 38% were sold over asking.
Days on Market for Olympia, WA
How long does it take to sell a home in Olympia, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 30 Days | -11.9% |
Summary: Homes in Olympia had an average of 30 days on market in Apr 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
91 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During April 2024, 120 homes were sold in Olympia; 76% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.