Regional Home Sales

Data Table

Explanation

The 2022 median home sale price in Thurston County was $502,500 – 9.1% higher than 2021. 2022 was the eleventh consecutive year that the median home sale price increased.

Thurston County's median home sale price was higher than all neighboring counties except Pierce County, where it was 10% higher than Thurston County. The median home sale price in King County was more than 80% higher that in Thurston County.

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 either telecommute or commute out of county for work. For 2012-2016, nearly 27% of workers living in Thurston County traveled out of the county for work. Of those, more than half worked in Pierce County (See Commutes by Destination).

Median Home Sale Price

The median home sale price is the price at which half of homes sold cost less and half of all homes sold cost more.

Source

Washington Center for Real Estate Research