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Burbank Goldcrest NorthWest South Westside The Woods Walnut Park Wellington West West Bay Drive

OLYMPIA, WA 98502

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

Neighborhoods in ZIP 98502

Burbank · Goldcrest · NorthWest · South Westside · The Woods · Walnut Park · Wellington West · West Bay Drive

Market Analysis

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

The OLYMPIA, WA real estate market (98502) currently shows 106 active listings, with 53 pending sales. Homes are averaging 82 days on the market before going under contract.

Inventory has increased compared to last year, with 39 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 82 days on market compared to 44 days last year.

The median listing price has risen 4.7% year-over-year, from $616,000 to $644,955.

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: 35,551  ·  Density: 216.4/mi²  ·  Median household income: $85,540

Typical home value: $461,236  ·  Homeownership: 56.7%

Market Overview

Active Listings
106
⇧ 58.2% vs 67 last year
Pending
53
50% pending ratio
Median Price
$644,955
⇧ 4.7% vs $616,000 last year
Average Price
$709,465
⇩ 17.6% vs $860,810 last year
Days on Market
82
⇧ 86.4% vs 44 days last year

Price Per Square Foot

Median $/sqft
$312
⇩ 9% vs $343/sqft last year
Median Home Size
2,059 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 106 this year vs 67 last year
  • Days on market: 82 now vs 44 last year

Median & Average Pricing

Year over Year
  • Median: $644,955 (+4.7% YoY)
  • Average: $709,465 (-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 21.3 miles — 660 listings ($418,654,370 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98502Olympia, WA 985020.0 mi101$72,825,141$648,205$721,041
98506Olympia, WA 985067.5 mi48$32,708,256$650,000$681,422
98501Olympia, WA 9850110.5 mi115$71,795,075$619,950$624,305
98503Lacey, WA 9850311.6 mi65$39,112,645$501,475$601,733
98584Shelton, WA 9858412.8 mi99$63,054,189$475,000$636,911
98513Olympia, WA 9851315.4 mi119$63,387,849$474,950$532,671
98559Malone, WA 9855916.5 mi1$364,900$364,900$364,900
98546Grapeview, WA 9854617.3 mi9$5,275,971$499,975$586,219
98327Dupont, WA 9832717.4 mi23$11,495,538$465,000$499,806
98388Steilacoom, WA 9838819.0 mi20$18,891,160$849,950$944,558
98568Oakville, WA 9856819.9 mi6$3,155,460$450,000$525,910
98579Rochester, WA 9857920.5 mi27$20,192,841$580,000$747,883
98524Allyn, WA 9852421.3 mi27$16,395,345$464,900$607,235

Frequently Asked Questions

How many homes are for sale in OLYMPIA, WA 98502?

As of February 2026, there are 106 active listings in OLYMPIA, WA (zip code 98502), compared to 67 the prior year.

What is the median home price in OLYMPIA, WA 98502?

The median listing price in OLYMPIA, WA 98502 is $644,955 as of February 2026, a 4.7% increase from $616,000 the prior year.

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

Homes in OLYMPIA, WA 98502 spend an average of 82 days on the market before going under contract, compared to 44 days the prior year.

Is it a seller's or buyer's market in OLYMPIA, WA 98502?

Based on current inventory and days-on-market data as of February 2026, OLYMPIA, WA 98502 is currently a Buyer's Market. Inventory has increased compared to last year, with 39 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 82 days on market compared to 44 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 98502 save an estimated $12,899 compared to a typical 5% commission on the median listing price of $644,955. 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.