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Briarwood Cain Road Carlyon-North Castlewood Downtown Eastside Fain Park Govenor Stevens Holiday Hills Indian Creek Nottingham Sequoia Park South Capitol The Birches Wildwood Woodfield Estates

OLYMPIA, WA 98501

Real Estate Market Report  ·  Thurston County
Buyer's Market
April 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 98501

Briarwood · Cain Road · Carlyon-North · Castlewood · Downtown · Eastside · Fain Park · Govenor Stevens · Holiday Hills · Indian Creek · Nottingham · Sequoia Park · South Capitol · The Birches · Wildwood · Woodfield Estates

Market Analysis

Data as of April 2026. Source: Realtor.com.

The OLYMPIA, WA real estate market (98501) currently shows 147 active listings, with 53 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 40 days on market compared to 37 days last year.

The median listing price has fallen 5.7% year-over-year, from $649,188 to $612,488.

Whether you are buying or selling in OLYMPIA, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 46,796  ·  Density: 517.6/mi²  ·  Median household income: $92,005

Typical home value: $454,198  ·  Homeownership: 59.8%

Market Overview

Active Listings
147
⇧ 20.5% vs 122 last year
Pending
53
36% pending ratio
Median Price
$612,488
⇩ 5.7% vs $649,188 last year
Average Price
$645,674
⇩ 1.5% vs $655,585 last year
Days on Market
40
⇧ 8.1% vs 37 days last year

Price Per Square Foot

Median $/sqft
$290
⇩ 0.7% vs $292/sqft last year
Median Home Size
2,184 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 147 this year vs 122 last year
  • Days on market: 40 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $612,488 (-5.7% YoY)
  • Average: $645,674 (-1.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.8 miles — 566 listings ($404,193,920 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98501Olympia, WA 985010.0 mi128$82,472,064$637,450$644,313
98508Olympia, WA 985085.0 mi1$650,000$650,000$650,000
98512Olympia, WA 985128.3 mi66$41,678,076$603,000$631,486
98516Olympia, WA 985169.1 mi99$71,395,038$608,075$721,162
98502Olympia, WA 9850210.5 mi106$75,203,290$644,955$709,465
98327Dupont, WA 9832713.0 mi27$13,654,170$535,985$505,710
98303Anderson Island, WA 9830314.7 mi9$5,454,171$550,250$606,019
98351Longbranch, WA 9835116.3 mi7$10,604,650$875,000$1,514,950
98579Rochester, WA 9857917.4 mi27$24,422,715$712,450$904,545
98388Steilacoom, WA 9838818.1 mi25$25,447,575$869,213$1,017,903
98557Mccleary, WA 9855719.3 mi12$5,343,300$433,725$445,275
98349Lakebay, WA 9834920.4 mi27$25,785,351$590,500$955,013
98467University Place, WA 9846721.8 mi32$22,083,520$701,246$690,110

Frequently Asked Questions

How many homes are for sale in OLYMPIA, WA 98501?

As of April 2026, there are 147 active listings in OLYMPIA, WA (zip code 98501), compared to 122 the prior year.

What is the median home price in OLYMPIA, WA 98501?

The median listing price in OLYMPIA, WA 98501 is $612,488 as of April 2026, a 5.7% decrease from $649,188 the prior year.

How long do homes stay on the market in OLYMPIA, WA?

Homes in OLYMPIA, WA 98501 spend an average of 40 days on the market before going under contract, compared to 37 days the prior year.

Is it a seller's or buyer's market in OLYMPIA, WA 98501?

Based on current inventory and days-on-market data as of April 2026, OLYMPIA, WA 98501 is currently a Buyer's Market. Inventory has increased compared to last year, with 25 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 40 days on market compared to 37 days last year.

How much can I save on real estate commission in OLYMPIA, WA?

With SELL123.com's maximum 3% commission, sellers in OLYMPIA, WA 98501 save an estimated $12,250 compared to a typical 5% commission on the median listing price of $612,488. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.