Foreclosure Homes in Tumwater, WA

Current Market Conditions in Tumwater, WA

The real estate market in Tumwater is currently experiencing a steady demand for single-family homes. As of late 2023, there is a noticeable increase in home sales compared to previous years, driven by the affordability of housing in comparison to neighboring cities like Olympia. Investors are taking advantage of the city's growth, particularly as new developments continue to rise, providing additional options for homebuyers.

In recent months, there has been an uptick in home prices due to the competitive market. However, the affordability still draws first-time buyers and young families looking for spacious homes in a tranquil setting not far from urban amenities.

Rent Prices In Tumwater, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Tumwater, WA, is on a rollercoaster ride. The average rent price in Tumwater, WA, is $1,554.00. Indeed, when looking to rent in Tumwater, WA, you can expect to pay as little as $770.00 or as much as $3,900.00, with the average rent median estimated to be $1,540.00. The good news is that finding an affordable and desirable property to rent in Tumwater, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.