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Briarwood Cain Road Carlyon-North Castlewood Downtown Eastside Fain Park Govenor Stevens Holiday Hills Indian Creek Nottingham Sequoia Park South Capitol The Birches Wildwood Woodfield Estates

OLYMPIA, WA 98501

Real Estate Market Report
Buyer's Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 98501

Briarwood · Cain Road · Carlyon-North · Castlewood · Downtown · Eastside · Fain Park · Govenor Stevens · Holiday Hills · Indian Creek · Nottingham · Sequoia Park · South Capitol · The Birches · Wildwood · Woodfield Estates

Market Analysis

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

The OLYMPIA, WA real estate market (98501) currently shows 128 active listings, with 54 pending sales. Homes are averaging 44 days on the market before going under contract.

Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 44 days on market compared to 39 days last year.

The median listing price has fallen 1.2% year-over-year, from $645,056 to $637,450.

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: 46,796  ·  Density: 517.6/mi²  ·  Median household income: $92,005

Typical home value: $454,198  ·  Homeownership: 59.8%

Market Overview

Active Listings
128
⇧ 21.9% vs 105 last year
Pending
54
42% pending ratio
Median Price
$637,450
⇩ 1.2% vs $645,056 last year
Average Price
$644,313
⇩ 3.2% vs $665,537 last year
Days on Market
44
⇧ 12.8% vs 39 days last year

Price Per Square Foot

Median $/sqft
$293
vs $293/sqft last year
Median Home Size
2,168 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 128 this year vs 105 last year
  • Days on market: 44 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $637,450 (-1.2% YoY)
  • Average: $644,313 (-3.2% 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 21.6 miles — 509 listings ($364,664,964 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98501Olympia, WA 985010.0 mi115$71,795,075$619,950$624,305
98508Olympia, WA 985085.0 mi1$650,000$650,000$650,000
98512Olympia, WA 985128.3 mi80$56,972,240$630,975$712,153
98516Olympia, WA 985169.1 mi91$66,960,530$635,000$735,830
98502Olympia, WA 9850210.5 mi101$72,825,141$648,205$721,041
98327Dupont, WA 9832713.0 mi23$11,495,538$465,000$499,806
98303Anderson Island, WA 9830314.7 mi9$5,175,738$510,000$575,082
98351Longbranch, WA 9835116.3 mi3$6,323,949$875,000$2,107,983
98579Rochester, WA 9857917.4 mi27$20,192,841$580,000$747,883
98388Steilacoom, WA 9838818.1 mi20$18,891,160$849,950$944,558
98557Mccleary, WA 9855719.3 mi10$4,571,000$441,500$457,100
98349Lakebay, WA 9834920.4 mi28$28,446,852$637,000$1,015,959
98559Malone, WA 9855921.6 mi1$364,900$364,900$364,900

Frequently Asked Questions

How many homes are for sale in OLYMPIA, WA 98501?

As of February 2026, there are 128 active listings in OLYMPIA, WA (zip code 98501), compared to 105 the prior year.

What is the median home price in OLYMPIA, WA 98501?

The median listing price in OLYMPIA, WA 98501 is $637,450 as of February 2026, a 1.2% decrease from $645,056 the prior year.

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

Homes in OLYMPIA, WA 98501 spend an average of 44 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in OLYMPIA, WA 98501?

Based on current inventory and days-on-market data as of February 2026, OLYMPIA, WA 98501 is currently a Buyer's Market. Inventory has increased compared to last year, with 23 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 44 days on market compared to 39 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 98501 save an estimated $12,749 compared to a typical 5% commission on the median listing price of $637,450. 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.