Tumwater Real Estate

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Tumwater, Washington
Average Home Sizes and Asking Prices

Updated On: April 29, 2016
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
98501 2,600 sf $388,000 2,500 sf $433,000 103
98512 2,100 sf $308,000 2,100 sf $300,000 68

98501 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  4   $259k
 1 Year Ago  73   $299k
 6 Months Ago   79   $318k
 1 Month Ago  53   $344k
 Today  55   $388k
*Averaged for 3 bedroom active listings

98512 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  6   $257k
 1 Year Ago  117   $303k
 6 Months Ago   107   $323k
 1 Month Ago  81   $321k
 Today  85   $350k
*Averaged for 3 bedroom active listings

Change and Trend of Asking Price in 98501 Check Also 

Sold Price History in 98501
98501 sold real estate price trend
Demographics & Schools Mortgage Info Area Map

Tumwater Real Estate & Homes for Sale in Washington

This historical city is nestled on the southern tip of Puget Sound, surrounded in the distance by the Olympic Mountains and the majestic site of a snow-capped Mount Rainier. Located less than a 10-minute drive south of the state capital, Olympia, Tumwater is a friendly community of approximately 13,000 residents. The name Tumwater originated from an Indian word, “tum-chuck,” meaning noisy water. The powerful, “noisy” water can be found at the lower falls of the DesChutes River, the site of the first Tumwater settlement. Centrally located on Interstate-5, Tumwater is a perfect launching point to visit the Puget Sound, Mt. Rainier, Mt. St. Helens, the Pacific Ocean beaches, and the Olympic Peninsula and rain forest. The city itself is a bustling center of activity. It boasts 10 parks and playgrounds, a golfing range and municipal golf course, an athletic club, and a new 14,000-square foot library. The Old Town Center is a full-service community resource center offering a wide range for free and low-cost recreational programs. Major employing industries in Tumwater include public administration and educational, health and social services. Students grades K-12 are served by the Tumwater School District. Residents who wish to pursue a degree in higher education find themselves in proximity to several colleges and universities. Housing options in Tumwater include single-family detached homes, estate properties, condominiums, townhouses and land lots. Residents of Tumwater enjoy a rich heritage, many recreational opportunities, surrounding beauty, and a safe, family-oriented community.

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Price Range of Tumwater Houses

The beauty of nature surrounding Tumwater is undeniable. The rugged Olympic Mountains rise in the distance. Many of the new homes being built in subdivisions, such as Sunrise Ridge, offer panoramic views of the snow-peaked mountains. Single-family detached home prices start in the low $100,000s. Newer homes with fireplaces and spacious lots in Black Hawk are priced in the high $200,000s. Large, beautiful estate properties with spacious lots with scenic hill, mountain, lake and panoramic views range in the high $300,000s. Condominiums and townhouses are priced from the low $100,000s to the low $200,000s. Land and lots are also available for custom development.

Tumwater Real Estate Stats and Trends for the week of April 25th, 2016: homes priced around $432,894 compared to $295,670 the previous week, showing a increase of more than +32%.  For Friday, April 29th, the current national mortgage rate for a 30 year fixed mortgage is 3.68%; the 15 year fixed rate is at 2.79%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.17%, while the 15 year jumbo rate currently is at 3.80%. You can calculate your mortgage rate with our mortgage calculators.  Get local info and homes for sale in Tumwater WA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Tumwater to help you find the best home!

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