The median home sale price (inflation-adjusted) in Thurston County for 2017 was $285,800, about 7% up from 2016. Increases in median home price from 2016-2017 were about 14% for Lewis County, 13% for Pierce County, 12% for Grays Harbor County, and 10% for Mason County.
2017 marks the sixth consecutive year of yearly increases in median home sale price for Thurston County, and the second year that median home sale prices for all select counties surpassed their peak in 2007.
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.