Is Timber Lake-Harstine Island, 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, Timber Lake-Harstine Island has remained a Seller's Market.
Housing Prices in Timber Lake-Harstine Island, WA
How much do homes in Timber Lake-Harstine Island, WA cost?
Median Sold Price
$360,500
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Timber Lake-Harstine Island was $360,500 in May 2024, up 0.2% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $289K | $265K | -8.3% |
2 Bedrooms | $343.5K | $387.5K | +12.8% |
3 Bedrooms | $365K | $350K | -4.1% |
4 Bedrooms | $532.5K | $560K | +5.2% |
5+ Bedrooms | $2.0M | $685K | -65.8% |
Summary: Timber Lake-Harstine Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 12.8%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 65.8%.
Median Sold Price Compared To Nearby Cities
Grapeview | $458.5K | $539.9K | +17.8% |
Olympia West | $579.9K | $588.7K | +1.5% |
Union-Grapeview | $455K | $461K | +1.3% |
Timber Lake-Harstine Island | $359.9K | $360.5K | 0.2% |
Housing Supply in Timber Lake-Harstine Island, WA
How many homes are available in Timber Lake-Harstine Island, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 81 | +6.6% |
Summary: The Timber Lake-Harstine Island real estate market had 81 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 5 | -37.5% |
2 Bedrooms | 21 | 22 | +4.8% |
3 Bedrooms | 43 | 50 | +16.3% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Timber Lake-Harstine Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 16.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 15 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Timber Lake-Harstine Island in May 2024, down by 16.7% month-over-month. Of the 15 sold homes, 13% were sold under asking, 13% were sold at asking, and 73% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 32 Days | -30.7% |
Summary: Homes in Timber Lake-Harstine Island had an average of 32 days on market in May 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Timber Lake-Harstine Island; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.