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Westbrook Park

OLYMPIA, WA 98512

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

Neighborhoods in ZIP 98512

Westbrook Park

Market Analysis

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

The OLYMPIA, WA real estate market (98512) currently shows 68 active listings, with 34 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

The median listing price has fallen 1.7% year-over-year, from $599,990 to $589,738.

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: 30,784  ·  Density: 85.7/mi²  ·  Median household income: $85,928

Typical home value: $399,891  ·  Homeownership: 68.8%

Market Overview

Active Listings
68
⇧ 19.3% vs 57 last year
Pending
34
50% pending ratio
Median Price
$589,738
⇩ 1.7% vs $599,990 last year
Average Price
$642,187
⇩ 37.6% vs $1,029,716 last year
Days on Market
37
vs 37 days last year

Price Per Square Foot

Median $/sqft
$288
⇧ 3.2% vs $279/sqft last year
Median Home Size
2,128 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 68 this year vs 57 last year
  • Days on market: 37 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $589,738 (-1.7% YoY)
  • Average: $642,187 (-37.6% 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 25.0 miles — 612 listings ($410,926,889 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98512Olympia, WA 985120.0 mi66$41,678,076$603,000$631,486
98501Olympia, WA 985018.3 mi128$82,472,064$637,450$644,313
98579Rochester, WA 9857911.6 mi27$24,422,715$712,450$904,545
98503Lacey, WA 9850312.5 mi66$33,701,052$511,249$510,622
98506Olympia, WA 9850613.1 mi52$33,904,104$676,699$652,002
98568Oakville, WA 9856813.7 mi5$2,589,550$430,000$517,910
98516Olympia, WA 9851615.7 mi99$71,395,038$608,075$721,162
98541Elma, WA 9854118.8 mi27$24,393,582$441,175$903,466
98327Dupont, WA 9832720.7 mi27$13,654,170$535,985$505,710
98303Anderson Island, WA 9830321.3 mi9$5,454,171$550,250$606,019
98532Chehalis, WA 9853221.9 mi78$49,477,116$557,500$634,322
98539Doty, WA 9853924.4 mi1$1,999,900$1,999,900$1,999,900
98349Lakebay, WA 9834925.0 mi27$25,785,351$590,500$955,013

Frequently Asked Questions

How many homes are for sale in OLYMPIA, WA 98512?

As of March 2026, there are 68 active listings in OLYMPIA, WA (zip code 98512), compared to 57 the prior year.

What is the median home price in OLYMPIA, WA 98512?

The median listing price in OLYMPIA, WA 98512 is $589,738 as of March 2026, a 1.7% decrease from $599,990 the prior year.

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

Homes in OLYMPIA, WA 98512 spend an average of 37 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 98512?

Based on current inventory and days-on-market data as of March 2026, OLYMPIA, WA 98512 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

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

With SELL123.com's maximum 3% commission, sellers in OLYMPIA, WA 98512 save an estimated $11,795 compared to a typical 5% commission on the median listing price of $589,738. 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.