Tumwater Real Estate

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Tumwater, Washington
Average Home Sizes and Asking Prices

Updated On: December 7, 2019
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
98501 2,300 sf $449,000 1,900 sf $349,000 43
98512 3,500 sf $740,000 2,100 sf $454,000 34


98501 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  44   $367k
 1 Year Ago  47   $372k
 6 Months Ago   43   $415k
 1 Month Ago  29   $422k
 Today  23   $440k
*Averaged for 3 bedroom active listings



98512 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  66   $381k
 1 Year Ago  68   $401k
 6 Months Ago   63   $431k
 1 Month Ago  56   $430k
 Today  45   $432k
*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 December 6th, 2019: homes priced around $453,988 compared to $348,727 the previous week, showing a increase of more than +23%.  For Friday, December 6th, 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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