Thurston County Real Estate Market Update – February 2025
Thinking about buying or selling in Thurston County? Or just love to keep tabs on the market? Here’s the latest scoop from February 2025!
📊 Market at a Glance (Current vs. February 2024):
🏡 New Listings: 241 (-16.6%)
📉 Pending Sales: 215 (-7.7%)
✅ Closed Sales: 196 (-2.0%)
⏳ Days on Market: 45 (unchanged)
💰 Median Sales Price: $533,000 (+6.6%)
💵 Average Sales Price: $563,279 (+3.6%)
🎯 % of List Price Received: 99.6% (-0.3%)
🏘 Inventory: 398 (+5.0%)
📆 Months of Supply: 1.4 (unchanged)
Fewer Listings, Same Selling Pace
New listings took a 16.6% dip, meaning fewer homes are hitting the market. Pending and closed sales also saw slight declines, but the pace of sales hasn’t budged—homes are still selling in about 45 days, just like last year.
Prices Keep Climbing
Home values are on the rise! The median sales price jumped 6.6% to $533,000, with the year-to-date median hitting $540,000—an 8% increase. The average sales price also climbed 3.6% to $563,279 for February, and year-to-date it’s sitting at $569,992, up 5.7%.
Are Buyers Gaining an Edge?
Sellers are still getting strong offers, but there’s a tiny bit more room for negotiation. The percentage of list price received dipped slightly from 99.9% to 99.6%. Inventory is still tight at 398 homes (a 5% increase), meaning well-priced homes are still moving fast!
What This Means for You
Buyers: Prices are climbing, so waiting could cost you more. With inventory steady and slight negotiation wiggle room, now might be your moment!
Sellers: With fewer homes on the market and values rising, you’re in a great position to get top dollar. Pricing strategically is key!
Thinking about making a move? Let’s chat! 📩 Whether you're buying, selling, or just curious, I’m here to help.
