Is Yelm, 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, 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
$460,000
$258/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Yelm have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Yelm was $460,000 in May 2024, up 4.5% from last year, and the median price per square foot was $258.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $270K | $329.9K | +22.2% |
| 2 Bedrooms | $338K | $353.5K | +4.6% |
| 3 Bedrooms | $419.4K | $445.1K | +6.1% |
| 4 Bedrooms | $505K | $520K | +3.0% |
| 5+ Bedrooms | $520K | $530K | +1.9% |
Summary: Yelm housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
| Olympia East | $464.6K | $490.7K | +5.6% |
| Yelm | $440K | $460K | +4.5% |
Housing Supply in Yelm, WA
How many homes are available in Yelm, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 192 | 206 | +7.3% |
Summary: The Yelm real estate market had 206 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 22 | 23 | +4.5% |
| 3 Bedrooms | 112 | 113 | +0.9% |
| 4 Bedrooms | 50 | 60 | +20.0% |
| 5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Yelm housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 50 | 43 | -14.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
24 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Yelm, you could pay more than the asking price. 55.8% of homes here sold above asking price last month.
Summary: A total of 43 homes were sold or pending in Yelm in May 2024, down by 14.0% month-over-month. Of the 43 sold homes, 26% were sold under asking, 19% were sold at asking, and 56% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 26 Days | +0.7% |
Summary: Homes in Yelm had an average of 26 days on market in May 2024, up by 0.7% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 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 May 2024, 43 homes were sold in Yelm; 72% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% 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.