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OLYMPIA, WA 98512

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

Market Overview

Active Listings
80
⇧ 66.7% vs 48 last year
Pending
32
40% pending ratio
Median Price
$630,975
⇧ 2.6% vs $614,900 last year
Average Price
$712,153
⇩ 35.7% vs $1,108,328 last year
Days on Market
99
⇧ 62.3% vs 61 days last year

Market Context

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

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

Market Analysis

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

The OLYMPIA, WA real estate market (98512) currently shows 80 active listings, with 32 pending sales. Homes are averaging 99 days on the market before going under contract.

Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 99 days on market compared to 61 days last year.

The median listing price has risen 2.6% year-over-year, from $614,900 to $630,975.

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: 80 this year vs 48 last year
  • Days on market: 99 now vs 61 last year

Median & Average Pricing

Year over Year
  • Median: $630,975 (+2.6% YoY)
  • Average: $712,153 (-35.7% 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 24.6 miles — 665 listings ($420,030,447 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98512Olympia, WA 985120.0 mi80$56,972,240$630,975$712,153
98501Olympia, WA 985018.3 mi115$71,795,075$619,950$624,305
98579Rochester, WA 9857911.6 mi27$20,192,841$580,000$747,883
98503Lacey, WA 9850312.5 mi65$39,112,645$501,475$601,733
98506Olympia, WA 9850613.1 mi48$32,708,256$650,000$681,422
98559Malone, WA 9855913.4 mi1$364,900$364,900$364,900
98513Olympia, WA 9851314.8 mi119$63,387,849$474,950$532,671
98531Centralia, WA 9853116.2 mi76$40,976,692$430,000$539,167
98576Rainier, WA 9857620.2 mi11$5,755,651$482,473$523,241
98584Shelton, WA 9858421.0 mi99$63,054,189$475,000$636,911
98351Longbranch, WA 9835121.6 mi3$6,323,949$875,000$2,107,983
98558Mckenna, WA 9855822.8 mi1$495,000$495,000$495,000
98388Steilacoom, WA 9838824.6 mi20$18,891,160$849,950$944,558

Frequently Asked Questions

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

As of January 2026, there are 80 active listings in OLYMPIA, WA (zip code 98512), compared to 48 the prior year.

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

The median listing price in OLYMPIA, WA 98512 is $630,975 as of January 2026, a 2.6% increase from $614,900 the prior year.

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

Homes in OLYMPIA, WA 98512 spend an average of 99 days on the market before going under contract, compared to 61 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 January 2026, OLYMPIA, WA 98512 is currently a Buyer's Market. Inventory has increased compared to last year, with 32 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 99 days on market compared to 61 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 98512 save an estimated $12,620 compared to a typical 5% commission on the median listing price of $630,975. 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.