$32,000
2618 Scotlac Dr SW Lot 55
Olympia, WA
Land16,731 sqft lot
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Compass Real Estate · Olympia, WA
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Olympia, WA Housing Market
Strong seller's market-1.5% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Olympia, WA is worth $529,479, fell 1.5% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $555,000, +3.0% year over year (through May 2026). With 2.3 months of supply and homes going under contract in about 11 days, Olympia is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $529,479 home is about $2,827/mo in principal and interest.
Key numbers for Olympia, WA
Typical home value
$529,479
-1.5% in 12 months
Zillow, August 2026
Typical asking rent
$2,005/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$555,000
+3.0% year over year
Redfin, through May 2026
Days on market
11
Fast-moving
Redfin, through May 2026
Active listings
117
2.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$76,930
Home costs 6.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
100.7%
Selling above asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Olympia a buyer's or seller's market?
Strong seller's market2.3 months of supply11 days on market100.7% of asking
Olympia, WA is a strong seller's market, based on 2.3 months of supply and homes selling in about 11 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Olympia housing market data show?
Every row below is Redfin's final published month for Olympia, WA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $555,000 |
| Median list price | $566,500 |
| Year-over-year price change | +3.0% |
| Median price per sq ft | $312/sq ft |
| Median days on market | 11 days |
| Active inventory | 117 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.7% |
| Homes sold (that month) | 51 |
| New listings (that month) | 90 |
| Listings with a price cut | 34.2% |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Olympia is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Olympia is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Olympia home prices moved?
Over the last three years the median sale price in Olympia, WA rose 9.5%, from $507,000 to $555,000. The live Zillow value series has fell 1.5% in the last 12 months, which is the more current read now that Redfin's series has stopped. 34.2% of Olympia listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.3 months while the sale-to-list ratio slips below its current 100.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Olympia?
Priced off the typical home value of $529,479 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $105,896 | $423,583 | $2,827/mo |
| 5% | $26,474 | $503,005 | $3,357/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,827, that implies roughly $121,142 a year before you add taxes and insurance. The median household in Olympia earns $76,930, about $44,212 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 6.9x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Olympia in the next 12 months?
Tell us your timeline. We send the Olympia market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Olympia?
Typical asking rent in Olympia, WA is $2,005/mo, against a typical home value of $529,479. That is a price-to-rent ratio of 22.0x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,827 a month — $821 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Olympia?
Active listings in Olympia, WA went from 94 in May 2025 to 117 in May 2026, a +24.5% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 101 | 70 |
| July 2025 | 120 | 82 |
| August 2025 | 117 | 68 |
| September 2025 | 127 | 70 |
| October 2025 | 130 | 60 |
| November 2025 | 114 | 30 |
| December 2025 | 77 | 19 |
| January 2026 | 75 | 43 |
| February 2026 | 64 | 42 |
| March 2026 | 72 | 57 |
| April 2026 | 91 | 83 |
| May 2026 | 117 | 90 |
Redfin, through May 2026
How does Olympia compare to Washington and the U.S.?
Olympia homes sell for $555,000 — 15% below the Washington median of $651,800. Against the national median of $410,700, Olympia runs 35% higher. Year-over-year, Olympia moved +3.0% against Washington's -0.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Olympia, WA | $555,000 | +3.0% | 11 days |
| Washington statewide | $651,800 | -0.2% | 19 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Olympia
What buyers should watch
- Months of supply, currently 2.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 34.2%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $530 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $529,479 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Olympia listing goes under contract in 11 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.7% of asking. Price at the number you want and let competition do the rest.
- In the last published month Olympia added 90 new listings against 51 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.5% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Olympia varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Olympia
There are currently 117 homes listed for sale in Olympia, Washington. The median listing price is $567K. Featured listings range from $32,000 to $1,795,000.
$619,995
4014 Hyde Loop NE # 144
Olympia, WA
4 bd3 ba2,335 sqft$266/ft²
House
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$634,995
2229 Boxcar St NE # 159
Olympia, WA
4 bd3 ba2,335 sqft$272/ft²
House
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$664,995
2149 Boxcar St NE # 153
Olympia, WA
5 bd3 ba2,535 sqft$262/ft²
House
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$687,995
2238 Boxcar St NE # 176
Olympia, WA
6 bd3 ba3,011 sqft$228/ft²
House
View photos & details
$697,995
4023 Hyde Loop NE # 116
Olympia, WA
6 bd3 ba3,011 sqft$232/ft²
House
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$789,995
2434 Trailside Dr NE # 184
Olympia, WA
6 bd3 ba3,408 sqft$232/ft²
House
View photos & details
$800,000
4048 Boardman Ct NW
Olympia, WA
3 bd2 ba2,136 sqft$375/ft²
House5.75 acres
View photos & details
$839,900
3220 79th Ave NW
Olympia, WA
3 bd2 ba2,106 sqft$399/ft²
House3.02 acres
View photos & details
$1,395,000
4719 Sunset Point Ln NW
Olympia, WA
3 bd3 ba4,074 sqft$342/ft²
House1.01 acres
View photos & details
$1,595,000
1721 Summit Lake Shore Rd NW
Olympia, WA
3 bd3 ba3,757 sqft$425/ft²
House13,133 sqft lot
View photos & details
$1,795,000
4827 Bayshore Ln NW
Olympia, WA
3 bd3 ba2,899 sqft$619/ft²
House37,888 sqft lot
View photos & details
Looking to buy in Olympia?
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Active listings
117
Homes on market
Median list price
$567K
Avg. days on market
11
Days until sale
New this week
90
Newly listed
Price drops:34.2%of listings
Sale-to-list:100.7%
How much do homes cost in Olympia by property type?
How the Olympia, WA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $563,750 | $320/sq ft | 45 | 8 days |
| Condo / co-op | $447,450 | $307/sq ft | 2 | 19 days |
| Townhouse | $427,400 | $254/sq ft | 1 | 29 days |
Who lives in Olympia?
American Community Survey estimates for Olympia. U.S. Census ACS, 2023
Population
55,583
Households
25,146
Median income
$76,930/yr
Median age
39.2 years
Owner-occupied
49.3%
Median home value
$457,900
Median gross rent
$1,509/mo
Mean commute
20.5 min
49.3% of occupied homes in Olympia are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $457,900 against Zillow's $529,479 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,509/mo, below Zillow's $2,005/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Olympia?
25 schools tracked · 11,609 students
The largest public schools serving Olympia, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Olympia High School
Grades 9-12 · 1,828 students
Capital High School
Grades 9-12 · 1,326 students
Washington Middle School
Grades 6-8 · 741 students
East Olympia Elementary
Grades PK-5 · 613 students
Griffin School
Grades PK-8 · 575 students
Olympia Regional Learning Academy
Grades K-12 · 504 students
Thurgood Marshall Middle School
Grades 6-8 · 484 students
Centennial Elementary
Grades PK-5 · 450 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Olympia, WA?
Ordered by distance from Olympia, not by size. Compare Olympia side by side with any of them.
Olympia housing market FAQ
Is Olympia a buyer's or seller's market?
Olympia, WA is currently a strong seller's market. That read comes from 2.3 months of supply, homes going under contract in about 11 days, and sellers getting 100.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Olympia?
The typical home in Olympia, WA is worth $529,479 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $555,000, about $312 per square foot.
Is Olympia cheaper than the rest of Washington?
Olympia's median sale price of $555,000 is 15% lower than the Washington statewide median of $651,800, and 35% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Olympia?
Homes in Olympia, WA spent a median of 11 days on market before going under contract, versus 19 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Olympia?
At the current 30-year fixed rate of 7.03%, 20% down on a $529,479 home is about $2,827 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $121,142 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $76,930.
Are home prices rising in Olympia?
The typical home value in Olympia, WA fell 1.5% over the last 12 months, from $537,309 to $529,479 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Olympia?
Olympia ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Olympia?
That depends on your timeline, not on a headline. What the data says today: Olympia, WA is a strong seller's market with 2.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 22.0x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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