The median home sale price in Thurston County for 2016 was $266,000, about 9% up from 2015. Increases in median home price from 2015-2016 were about 16% for King County, 15% for Mason County, 12% for Pierce County, 11% for Lewis County, and 10% for Grays Harbor County.
2016 marks the fourth consecutive year of yearly increases in median home sale price for all select counties, and the first year that median home sale prices for all select counties surpassed their peak in 2008.
Home prices influence where people choose to live. When home prices in Thurston County are lower than neighboring counties, people may choose to live in Thurston County and commute out of county for work. From 2006-2010, nearly 20% of workers living in Thurston County commuted out of county for work. Of those, more than half worked in Pierce County (See Commutes by Destination). As such, and looking at the chart above, Thurston County's median home sale price is best compared to Pierce County's as they are close in value and follow a similar trend.
Median Home Sale Price
Median Home Sale Price is the price at which half of homes sold cost less and half of all homes sold cost more.