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Data as of September 2026. Source: Realtor.com.
The OLYMPIA, WA real estate market (98506) currently shows 66 active listings, with 20 pending sales. Homes are averaging 52 days on the market before going under contract.
Inventory has tightened compared to last year, with 40 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 52 days on market compared to 49 days last year.
The median listing price has fallen 1.2% year-over-year, from $633,745 to $626,111.
Population: 18,968 · Density: 326.3/mi² · Median household income: $88,512
Typical home value: $409,194 · Homeownership: 67.4%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 98506 | Olympia, WA 98506 | 0.0 mi | 52 | $33,904,104 | $676,699 | $652,002 |
| 98508 | Olympia, WA 98508 | 5.5 mi | 1 | $650,000 | $650,000 | $650,000 |
| 98502 | Olympia, WA 98502 | 7.5 mi | 106 | $75,203,290 | $644,955 | $709,465 |
| 98501 | Olympia, WA 98501 | 8.6 mi | 128 | $82,472,064 | $637,450 | $644,313 |
| 98327 | Dupont, WA 98327 | 10.0 mi | 27 | $13,654,170 | $535,985 | $505,710 |
| 98388 | Steilacoom, WA 98388 | 11.9 mi | 25 | $25,447,575 | $869,213 | $1,017,903 |
| 98512 | Olympia, WA 98512 | 13.1 mi | 66 | $41,678,076 | $603,000 | $631,486 |
| 98333 | Fox Island, WA 98333 | 15.3 mi | 17 | $29,405,988 | $1,247,000 | $1,729,764 |
| 98394 | Vaughn, WA 98394 | 15.7 mi | 3 | $4,280,001 | $1,256,000 | $1,426,667 |
| 98467 | University Place, WA 98467 | 16.9 mi | 32 | $22,083,520 | $701,246 | $690,110 |
| 98335 | Gig Harbor, WA 98335 | 18.0 mi | 81 | $88,970,238 | $887,000 | $1,098,398 |
| 98589 | Tenino, WA 98589 | 18.2 mi | 23 | $15,675,351 | $661,975 | $681,537 |
| 98592 | Union, WA 98592 | 18.4 mi | 22 | $13,592,942 | $588,375 | $617,861 |
As of September 2026, there are 66 active listings in OLYMPIA, WA (zip code 98506), compared to 106 the prior year.
The median listing price in OLYMPIA, WA 98506 is $626,111 as of September 2026, a 1.2% decrease from $633,745 the prior year.
Homes in OLYMPIA, WA 98506 spend an average of 52 days on the market before going under contract, compared to 49 days the prior year.
Based on current inventory and days-on-market data as of September 2026, OLYMPIA, WA 98506 is currently a Balanced Market. Inventory has tightened compared to last year, with 40 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 52 days on market compared to 49 days last year.
With SELL123.com's maximum 3% commission, sellers in OLYMPIA, WA 98506 save an estimated $12,522 compared to a typical 5% commission on the median listing price of $626,111. 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.