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OLYMPIA, WA 98506

Real Estate Market Report  ·  Thurston County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
48
⇧ 4.3% vs 46 last year
Pending
20
42% pending ratio
Median Price
$650,000
⇧ 8.3% vs $599,998 last year
Average Price
$681,422
⇧ 5.8% vs $643,988 last year
Days on Market
65
⇩ 7.1% vs 70 days last year

Market Context

Population: 18,968  ·  Density: 326.3/mi²  ·  Median household income: $88,512

Typical home value: $409,194  ·  Homeownership: 67.4%

Market Analysis

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

The OLYMPIA, WA real estate market (98506) currently shows 48 active listings, with 20 pending sales. Homes are averaging 65 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 65 days on market compared to 70 days last year.

The median listing price has risen 8.3% year-over-year, from $599,998 to $650,000.

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: 48 this year vs 46 last year
  • Days on market: 65 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $650,000 (+8.3% YoY)
  • Average: $681,422 (+5.8% 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 18.4 miles — 554 listings ($425,039,911 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98506Olympia, WA 985060.0 mi48$32,708,256$650,000$681,422
98508Olympia, WA 985085.5 mi1$650,000$650,000$650,000
98502Olympia, WA 985027.5 mi101$72,825,141$648,205$721,041
98501Olympia, WA 985018.6 mi115$71,795,075$619,950$624,305
98327Dupont, WA 9832710.0 mi23$11,495,538$465,000$499,806
98388Steilacoom, WA 9838811.9 mi20$18,891,160$849,950$944,558
98512Olympia, WA 9851213.1 mi80$56,972,240$630,975$712,153
98333Fox Island, WA 9833315.3 mi12$20,002,368$1,187,000$1,666,864
98394Vaughn, WA 9839415.7 mi4$4,823,000$948,250$1,205,750
98467University Place, WA 9846716.9 mi32$22,176,864$699,000$693,027
98335Gig Harbor, WA 9833518.0 mi79$87,744,589$934,475$1,110,691
98589Tenino, WA 9858918.2 mi22$15,274,248$649,000$694,284
98592Union, WA 9859218.4 mi17$9,681,432$554,475$569,496

Frequently Asked Questions

How many homes are for sale in OLYMPIA, WA 98506?

As of January 2026, there are 48 active listings in OLYMPIA, WA (zip code 98506), compared to 46 the prior year.

What is the median home price in OLYMPIA, WA 98506?

The median listing price in OLYMPIA, WA 98506 is $650,000 as of January 2026, a 8.3% increase from $599,998 the prior year.

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

Homes in OLYMPIA, WA 98506 spend an average of 65 days on the market before going under contract, compared to 70 days the prior year.

Is it a seller's or buyer's market in OLYMPIA, WA 98506?

Based on current inventory and days-on-market data as of January 2026, OLYMPIA, WA 98506 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 65 days on market compared to 70 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 98506 save an estimated $13,000 compared to a typical 5% commission on the median listing price of $650,000. 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.