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OLYMPIA, WA 98501

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

Market Overview

Active Listings
115
⇧ 13.9% vs 101 last year
Pending
34
30% pending ratio
Median Price
$619,950
⇩ 5.1% vs $653,556 last year
Average Price
$624,305
⇩ 7.5% vs $674,610 last year
Days on Market
98
⇧ 75% vs 56 days last year

Market Context

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

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

Market Analysis

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

The OLYMPIA, WA real estate market (98501) currently shows 115 active listings, with 34 pending sales. Homes are averaging 98 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 98 days on market compared to 56 days last year.

The median listing price has fallen 5.1% year-over-year, from $653,556 to $619,950.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 115 this year vs 101 last year
  • Days on market: 98 now vs 56 last year

Median & Average Pricing

Year over Year
  • Median: $619,950 (-5.1% YoY)
  • Average: $624,305 (-7.5% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.6 miles — 509 listings ($364,664,964 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98501Olympia, WA 985010.0 mi115$71,795,075$619,950$624,305
98508Olympia, WA 985085.0 mi1$650,000$650,000$650,000
98512Olympia, WA 985128.3 mi80$56,972,240$630,975$712,153
98516Olympia, WA 985169.1 mi91$66,960,530$635,000$735,830
98502Olympia, WA 9850210.5 mi101$72,825,141$648,205$721,041
98327Dupont, WA 9832713.0 mi23$11,495,538$465,000$499,806
98303Anderson Island, WA 9830314.7 mi9$5,175,738$510,000$575,082
98351Longbranch, WA 9835116.3 mi3$6,323,949$875,000$2,107,983
98579Rochester, WA 9857917.4 mi27$20,192,841$580,000$747,883
98388Steilacoom, WA 9838818.1 mi20$18,891,160$849,950$944,558
98557Mccleary, WA 9855719.3 mi10$4,571,000$441,500$457,100
98349Lakebay, WA 9834920.4 mi28$28,446,852$637,000$1,015,959
98559Malone, WA 9855921.6 mi1$364,900$364,900$364,900

Frequently Asked Questions

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

As of January 2026, there are 115 active listings in OLYMPIA, WA (zip code 98501), compared to 101 the prior year.

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

The median listing price in OLYMPIA, WA 98501 is $619,950 as of January 2026, a 5.1% decrease from $653,556 the prior year.

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

Homes in OLYMPIA, WA 98501 spend an average of 98 days on the market before going under contract, compared to 56 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 January 2026, OLYMPIA, WA 98501 is currently a Buyer's Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 98 days on market compared to 56 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 $12,399 compared to a typical 5% commission on the median listing price of $619,950. 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.