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Lake Forest

OLYMPIA, WA 98513

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

Neighborhoods in ZIP 98513

Lake Forest

Market Analysis

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

The OLYMPIA, WA real estate market (98513) currently shows 147 active listings, with 52 pending sales. Homes are averaging 45 days on the market before going under contract.

Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice.

Homes are selling faster, averaging 45 days on market compared to 50 days last year.

The median listing price has fallen 6.1% year-over-year, from $557,500 to $523,250.

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: 36,988  ·  Density: 286.4/mi²  ·  Median household income: $99,787

Typical home value: $390,907  ·  Homeownership: 78.0%

Market Overview

Active Listings
147
⇧ 33.6% vs 110 last year
Pending
52
35% pending ratio
Median Price
$523,250
⇩ 6.1% vs $557,500 last year
Average Price
$551,626
⇩ 17.6% vs $669,181 last year
Days on Market
45
⇩ 10% vs 50 days last year

Price Per Square Foot

Median $/sqft
$314
⇧ 4% vs $302/sqft last year
Median Home Size
1,888 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 147 this year vs 110 last year
  • Days on market: 45 now vs 50 last year

Median & Average Pricing

Year over Year
  • Median: $523,250 (-6.1% YoY)
  • Average: $551,626 (-17.6% 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 18.5 miles — 831 listings ($531,941,223 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98513Olympia, WA 985130.0 mi127$61,537,469$479,875$484,547
98501Olympia, WA 985016.5 mi128$82,472,064$637,450$644,313
98327Dupont, WA 983278.4 mi27$13,654,170$535,985$505,710
98508Olympia, WA 9850810.1 mi1$650,000$650,000$650,000
98576Rainier, WA 9857610.9 mi13$6,669,195$491,246$513,015
98589Tenino, WA 9858911.1 mi23$15,675,351$661,975$681,537
98498Lakewood, WA 9849814.3 mi81$56,584,008$562,413$698,568
98388Steilacoom, WA 9838814.8 mi25$25,447,575$869,213$1,017,903
98512Olympia, WA 9851214.8 mi66$41,678,076$603,000$631,486
98502Olympia, WA 9850215.4 mi106$75,203,290$644,955$709,465
98387Spanaway, WA 9838716.7 mi147$88,888,107$546,238$604,681
98444Tacoma, WA 9844417.4 mi70$34,075,930$457,500$486,799
98333Fox Island, WA 9833318.5 mi17$29,405,988$1,247,000$1,729,764

Frequently Asked Questions

How many homes are for sale in OLYMPIA, WA 98513?

As of March 2026, there are 147 active listings in OLYMPIA, WA (zip code 98513), compared to 110 the prior year.

What is the median home price in OLYMPIA, WA 98513?

The median listing price in OLYMPIA, WA 98513 is $523,250 as of March 2026, a 6.1% decrease from $557,500 the prior year.

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

Homes in OLYMPIA, WA 98513 spend an average of 45 days on the market before going under contract, compared to 50 days the prior year.

Is it a seller's or buyer's market in OLYMPIA, WA 98513?

Based on current inventory and days-on-market data as of March 2026, OLYMPIA, WA 98513 is currently a Balanced Market. Inventory has increased compared to last year, with 37 more homes available — giving buyers more choice. Homes are selling faster, averaging 45 days on market compared to 50 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 98513 save an estimated $10,465 compared to a typical 5% commission on the median listing price of $523,250. 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.