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Burbank Goldcrest NorthWest South Westside The Woods Walnut Park Wellington West West Bay Drive

OLYMPIA, WA 98502

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 98502

Burbank · Goldcrest · NorthWest · South Westside · The Woods · Walnut Park · Wellington West · West Bay Drive

Market Analysis

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

The OLYMPIA, WA real estate market (98502) currently shows 110 active listings, with 55 pending sales. Homes are averaging 32 days on the market before going under contract.

Inventory has increased compared to last year, with 47 more homes available — giving buyers more choice.

Homes are selling faster, averaging 32 days on market compared to 36 days last year.

The median listing price has fallen 5% year-over-year, from $664,950 to $631,699.

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: 35,551  ·  Density: 216.4/mi²  ·  Median household income: $85,540

Typical home value: $461,236  ·  Homeownership: 56.7%

Market Overview

Active Listings
110
⇧ 74.6% vs 63 last year
Pending
55
50% pending ratio
Median Price
$631,699
⇩ 5% vs $664,950 last year
Average Price
$744,171
⇩ 8.5% vs $813,403 last year
Days on Market
32
⇩ 11.1% vs 36 days last year

Price Per Square Foot

Median $/sqft
$319
⇧ 0.6% vs $317/sqft last year
Median Home Size
2,236 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 110 this year vs 63 last year
  • Days on market: 32 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $631,699 (-5% YoY)
  • Average: $744,171 (-8.5% 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 22.0 miles — 708 listings ($465,042,160 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98502Olympia, WA 985020.0 mi106$75,203,290$644,955$709,465
98506Olympia, WA 985067.5 mi52$33,904,104$676,699$652,002
98501Olympia, WA 9850110.5 mi128$82,472,064$637,450$644,313
98503Lacey, WA 9850311.6 mi66$33,701,052$511,249$510,622
98584Shelton, WA 9858412.8 mi104$63,256,544$450,000$608,236
98513Olympia, WA 9851315.4 mi127$61,537,469$479,875$484,547
98592Union, WA 9859217.0 mi22$13,592,942$588,375$617,861
98349Lakebay, WA 9834917.3 mi27$25,785,351$590,500$955,013
98541Elma, WA 9854117.7 mi27$24,393,582$441,175$903,466
98589Tenino, WA 9858919.5 mi23$15,675,351$661,975$681,537
98394Vaughn, WA 9839420.1 mi3$4,280,001$1,256,000$1,426,667
98530Bucoda, WA 9853020.8 mi6$1,834,422$310,250$305,737
98333Fox Island, WA 9833322.0 mi17$29,405,988$1,247,000$1,729,764

Frequently Asked Questions

How many homes are for sale in OLYMPIA, WA 98502?

As of March 2026, there are 110 active listings in OLYMPIA, WA (zip code 98502), compared to 63 the prior year.

What is the median home price in OLYMPIA, WA 98502?

The median listing price in OLYMPIA, WA 98502 is $631,699 as of March 2026, a 5% decrease from $664,950 the prior year.

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

Homes in OLYMPIA, WA 98502 spend an average of 32 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in OLYMPIA, WA 98502?

Based on current inventory and days-on-market data as of March 2026, OLYMPIA, WA 98502 is currently a Balanced Market. Inventory has increased compared to last year, with 47 more homes available — giving buyers more choice. Homes are selling faster, averaging 32 days on market compared to 36 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 98502 save an estimated $12,634 compared to a typical 5% commission on the median listing price of $631,699. 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.