$32,000
2618 Scotlac Dr SW Lot 55
Olympia, WA
Land16,731 sqft lot
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Sarah Mitchell
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Compass Real Estate · Olympia, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Olympia, WA(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
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Olympia, WA Housing Market & Real Estate
Strong seller's market+3.0% YoY
Housing market overview · Updated monthly ·
$555,000median sale price
How is the Olympia, WA housing market right now?
The median home sale price in Olympia, WA is $555,000, up 3.0% year-over-year. Homes sell in an average of 11 days with 117 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Olympia a buyer's or seller's market?
Strong seller's market2.3 months of supply11 avg. days on market
Olympia, WA is currently a strong seller's market, based on 2.3 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
51
Last 12 weeks
Days on market
11
Fast-moving
Active listings
117
2.3 months supply
Sale-to-list
100.7%
Above asking
What does the Olympia housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $555,000 |
| Median list price | $566,500 |
| Year-over-year price change | +3.0% |
| Average days on market | 11 days |
| Active inventory | 117 listings |
| Months of supply | 2.3 months |
| Sale-to-list price ratio | 100.7% |
| Median price per sq ft | $312/sq ft |
| Homes sold (latest month) | 51 |
| New listings (latest month) | 90 |
| Listings with a price cut | 34.2% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Olympia by property type?
How the Olympia, WA market breaks down across single-family homes, condos, and townhouses.
| 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 |
Source: Redfin · Updated monthly
The Olympia housing market is currently classified as a strong seller's market with a median sale price of $555,000. Prices have risen 3.0% compared to last year, with homes spending an average of 11 days on market, indicating 2.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.0x provides context for how home values compare to local earning capacity.
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
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$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
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$800,000
4048 Boardman Ct NW
Olympia, WA
3 bd2 ba2,136 sqft$375/ft²
House5.75 acres
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$839,900
3220 79th Ave NW
Olympia, WA
3 bd2 ba2,106 sqft$399/ft²
House3.02 acres
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$1,395,000
4719 Sunset Point Ln NW
Olympia, WA
3 bd3 ba4,074 sqft$342/ft²
House1.01 acres
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$1,595,000
1721 Summit Lake Shore Rd NW
Olympia, WA
3 bd3 ba3,757 sqft$425/ft²
House13,133 sqft lot
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$1,795,000
4827 Bayshore Ln NW
Olympia, WA
3 bd3 ba2,899 sqft$619/ft²
House37,888 sqft lot
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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%
Who lives in Olympia?
Population
55,583
Median income
$76,930/yr
Median age
39.2 years
Owner-occupied
49.3%
College grads
50.0%
Avg commute
20.5 min
Source: U.S. Census Bureau ACS
What are homes worth in Olympia?
Zillow home value
$538,646
Zillow rent index
$2,013/mo
Price-to-rent ratio
22.3x
Price-to-income
7.0x
Source: Zillow Research
What is it like to live in Olympia?
Olympia is a community of approximately 56K residents with a median age of 39.2 years.The median household income is $76,930, which reflects a relatively affluent area with strong earning potential. 50.0% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 49.3%, showing a blend of owner and renter-occupied properties. The average commute time is 20.5 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Olympia offers a balanced lifestyle with accessible home values relative to local income levels.
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?
Want a head-to-head view? Compare Olympia side-by-side with any other U.S. city using our market-comparison tool.
Is Olympia a good real estate investment market?
For investors evaluating Olympia, the price-to-rent ratio of 22.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 3.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Olympia's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Olympia's median home price.
Frequently asked questions
What is the average home price in Olympia?
The median home sale price in Olympia is $555,000, up 3.0% from last year.
How long do homes stay on market in Olympia?
Homes typically spend 11 days on market before going under contract.
What is the median income in Olympia?
The median household income is $76,930 per year.
Is Olympia a buyer's or seller's market?
With 2.3 months of supply, Olympia is currently a strong seller's market.
How many homes are for sale in Olympia?
There are currently 117 homes listed for sale in Olympia, WA.
What is the Zillow home value estimate for Olympia?
The Zillow Home Value Index (ZHVI) for Olympia is $538,646, representing the typical home value in the area.
What is the median condo price in Olympia?
The median condo/co-op sale price in Olympia, WA is $447,450, compared to $563,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Olympia?
The median single-family home price in Olympia, WA is $563,750 (about $320 per square foot).
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