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Lake Forest

OLYMPIA, WA 98513

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

Neighborhoods in ZIP 98513

Lake Forest

Market Analysis

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

The OLYMPIA, WA real estate market (98513) currently shows 127 active listings, with 50 pending sales. Homes are averaging 86 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 86 days on market compared to 37 days last year.

The median listing price has fallen 12.3% year-over-year, from $546,975 to $479,875.

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
127
⇧ 21% vs 105 last year
Pending
50
39% pending ratio
Median Price
$479,875
⇩ 12.3% vs $546,975 last year
Average Price
$484,547
⇩ 15.5% vs $573,359 last year
Days on Market
86
⇧ 132.4% vs 37 days last year

Price Per Square Foot

Median $/sqft
$318
⇧ 4.3% vs $305/sqft last year
Median Home Size
1,816 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 127 this year vs 105 last year
  • Days on market: 86 now vs 37 last year

Median & Average Pricing

Year over Year
  • Median: $479,875 (-12.3% YoY)
  • Average: $484,547 (-15.5% 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 — 784 listings ($504,587,182 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98513Olympia, WA 985130.0 mi119$63,387,849$474,950$532,671
98501Olympia, WA 985016.5 mi115$71,795,075$619,950$624,305
98327Dupont, WA 983278.4 mi23$11,495,538$465,000$499,806
98508Olympia, WA 9850810.1 mi1$650,000$650,000$650,000
98576Rainier, WA 9857610.9 mi11$5,755,651$482,473$523,241
98589Tenino, WA 9858911.1 mi22$15,274,248$649,000$694,284
98498Lakewood, WA 9849814.3 mi80$55,704,560$559,900$696,307
98388Steilacoom, WA 9838814.8 mi20$18,891,160$849,950$944,558
98512Olympia, WA 9851214.8 mi80$56,972,240$630,975$712,153
98502Olympia, WA 9850215.4 mi101$72,825,141$648,205$721,041
98387Spanaway, WA 9838716.7 mi139$80,987,238$544,950$582,642
98444Tacoma, WA 9844417.4 mi61$30,846,114$485,000$505,674
98333Fox Island, WA 9833318.5 mi12$20,002,368$1,187,000$1,666,864

Frequently Asked Questions

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

As of February 2026, there are 127 active listings in OLYMPIA, WA (zip code 98513), compared to 105 the prior year.

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

The median listing price in OLYMPIA, WA 98513 is $479,875 as of February 2026, a 12.3% decrease from $546,975 the prior year.

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

Homes in OLYMPIA, WA 98513 spend an average of 86 days on the market before going under contract, compared to 37 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 February 2026, OLYMPIA, WA 98513 is currently a Buyer's Market. Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 86 days on market compared to 37 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 $9,598 compared to a typical 5% commission on the median listing price of $479,875. 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.