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Edgewater Hawks Prairie (Johnson Point) Lexington

OLYMPIA, WA 98516

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

Neighborhoods in ZIP 98516

Edgewater · Hawks Prairie (Johnson Point) · Lexington

Market Analysis

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

The OLYMPIA, WA real estate market (98516) currently shows 157 active listings, with 49 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has increased compared to last year, with 52 more homes available — giving buyers more choice.

Homes are selling faster, averaging 30 days on market compared to 36 days last year.

The median listing price has risen 0.5% year-over-year, from $630,000 to $633,250.

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: 27,212  ·  Density: 364.5/mi²  ·  Median household income: $89,378

Typical home value: $474,464  ·  Homeownership: 70.5%

Market Overview

Active Listings
157
⇧ 49.5% vs 105 last year
Pending
49
31% pending ratio
Median Price
$633,250
⇧ 0.5% vs $630,000 last year
Average Price
$739,776
⇩ 2.7% vs $760,149 last year
Days on Market
30
⇩ 16.7% vs 36 days last year

Price Per Square Foot

Median $/sqft
$316
⇧ 5.3% vs $300/sqft last year
Median Home Size
2,142 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 157 this year vs 105 last year
  • Days on market: 30 now vs 36 last year

Median & Average Pricing

Year over Year
  • Median: $633,250 (+0.5% YoY)
  • Average: $739,776 (-2.7% 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
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 16.2 miles — 733 listings ($500,500,287 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98516Olympia, WA 985160.0 mi99$71,395,038$608,075$721,162
98503Lacey, WA 985035.0 mi66$33,701,052$511,249$510,622
98327Dupont, WA 983275.8 mi27$13,654,170$535,985$505,710
98513Olympia, WA 985137.7 mi127$61,537,469$479,875$484,547
98388Steilacoom, WA 983889.0 mi25$25,447,575$869,213$1,017,903
98498Lakewood, WA 9849811.4 mi81$56,584,008$562,413$698,568
98349Lakebay, WA 9834911.7 mi27$25,785,351$590,500$955,013
98467University Place, WA 9846713.4 mi32$22,083,520$701,246$690,110
98466Tacoma, WA 9846614.8 mi45$29,682,225$628,475$659,605
98558Mckenna, WA 9855815.3 mi3$1,616,175$538,725$538,725
98512Olympia, WA 9851215.8 mi66$41,678,076$603,000$631,486
98335Gig Harbor, WA 9833516.0 mi81$88,970,238$887,000$1,098,398
98409Tacoma, WA 9840916.2 mi54$28,365,390$399,962$525,285

Frequently Asked Questions

How many homes are for sale in OLYMPIA, WA 98516?

As of June 2026, there are 157 active listings in OLYMPIA, WA (zip code 98516), compared to 105 the prior year.

What is the median home price in OLYMPIA, WA 98516?

The median listing price in OLYMPIA, WA 98516 is $633,250 as of June 2026, a 0.5% increase from $630,000 the prior year.

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

Homes in OLYMPIA, WA 98516 spend an average of 30 days on the market before going under contract, compared to 36 days the prior year.

Is it a seller's or buyer's market in OLYMPIA, WA 98516?

Based on current inventory and days-on-market data as of June 2026, OLYMPIA, WA 98516 is currently a Balanced Market. Inventory has increased compared to last year, with 52 more homes available — giving buyers more choice. Homes are selling faster, averaging 30 days on market compared to 36 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 98516 save an estimated $12,665 compared to a typical 5% commission on the median listing price of $633,250. 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.