Tumwater Real Estate

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Tumwater, Washington
Average Home Sizes and Asking Prices

Updated On: January 26, 2020
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
98501 2,800 sf $546,000 2,300 sf $445,000 25
98512 2,200 sf $378,000 2,000 sf $486,000 17

98501 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  37   $366k
 1 Year Ago  33   $369k
 6 Months Ago   41   $408k
 1 Month Ago  13   $422k
 Today  10   $396k
*Averaged for 3 bedroom active listings

98512 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  53   $386k
 1 Year Ago  48   $396k
 6 Months Ago   70   $434k
 1 Month Ago  26   $419k
 Today  17   $422k
*Averaged for 3 bedroom active listings

Asking Price in 98501 - 3 Bedroom Single Family Homes
98501 real estate listing 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 January 25th, 2020: homes priced around $426,794 compared to $426,794 the previous week, to remain steady with no change in listing price.  For Saturday, January 25th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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