Thursday, October 1, 2026
The final full month of fall was a mixed bag for the Thurston County housing market, as single-family home sales dipped while the median price of a residence inched higher.
The median price of a residence in the county rose to $529,450 in November 2025 from $525,000 in November 2024. That marked an increase of 0.84 percent in the period, according to the Northwest Multiple Listing Service’s Monthly Market Update.
At the same time, the residential market posted a decrease in sales to 234 from 241.
The condominium market was soft, as the median price dropped to $306,000 in November 2025 from $335,000 in November 2024. That marked a decrease of 8.65 percent. Condo sales eased to nine from 11 in the same period.
Condo and home sales have been influenced by low inventory levels in the region, something that changed course during the summer months before heading lower in October, and then rising again in November.
A total of 3.03 months of inventory existed in November 2025, up from 2.59 months in October 2025. The most recent reading tied for fifth in the state with Island County.
Kitsap County ranked lowest at 2.24 months of inventory, followed by Snohomish County at 2.28 months, King County at 2.82 months and Pierce County at 2.85 months.
“A balanced market is considered to be (four) to (six) months by most industry experts,” said the Northwest Multiple Listing Service (NWMLS) in its Monthly Market Update.
“At the current rate of sales, it would take a little more than three months (3.19) to sell every home that is active in the NWMLS inventory.”
Active residential listings were up for the seventh straight month in Thurston County. The total leaped to 684 in November 2025 from 470 in November 2024. At the same time, condo listings surged to 52 from 32.
The 46.6 percent overall increase in total active listings was the second highest in the state in November 2025. Jefferson County claimed the top spot at 47.9 percent, while Snohomish County was third at 41.7 percent. Walla Walla County and Clallam County rounded out the top five at 38.7 percent and 35.6 percent, respectively.
“The number of homes for sale year-over-year increased in all of NWMLS’s coverage area, with 15,557 active listings on the market at the end of November 2025, compared to 12,558 at the end of November 2024,” said the Northwest Multiple Listing Service (NWMLS) in its Monthly Market Update.
New residential listings in the county climbed to 208 in November 2025 from 200 in November 2024, while new condo listings sank to seven from 12 in the same period.
Pending residential sales increased to 278 in November 2025 from 259 in November 2024, while pending condo sales fell to five from seven.
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Honestyandrealityguy
Many wealthy individuals are leaving Washington after huge Estate Tax increase. MANY. Will cost billions even under old rules.
Monday, January 5 Report this
Taxpayer
It is not a quick easy decision to pick up and move out of state. I believe over time many more people will leave as soon as their situation allows.
Tuesday, January 6 Report this
KinesthesiaAmnesia
I'm curious how many of these residential listings pencil out to mortgage-able, insurable, liveable homes?
Every time I've gone house hunting in Thurston County I am shown houses with: quirky conservation easements, history of flooding or slides so no bank will touch it with a ten foot pole, terrible mold and weatherproofing, eminent domain happening soon, stripped out appliances and wiring, and nextdoor neighbors that make Dale Gribble look sane.
Tuesday, January 6 Report this