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Olympia, WA 98501 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Olympia, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.13
ActiveActive listings: 8383PendingPending sales: 1111
Olympia, WA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $520k$520kSoldMedian sold price (last 6 months): $580k$580k
What homes actually sell for in Olympia, WA
Distribution of 336 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $475k to $700k
$275k to $360k: 16 sales$275k$360k to $446k: 27 sales$446k to $531k: 65 sales$446k$531k to $616k: 72 sales72sales$616k to $702k: 58 sales$616k$702k to $787k: 34 sales$787k to $872k: 25 sales$787k$872k to $958k: 6 salesMedian $580k

What the numbers say

As of September 14, 2026, Resideline is tracking 83 active listings and 11 pending sales in ZIP code 98501. That pending-to-active ratio of 0.13 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $519,900, while the median of the 336 closed sales Resideline tracked over the last six months was $579,900. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 98501 for 60 days.

Frequently asked questions

What is the median home price in 98501?

The median closed sale price in Olympia, WA 98501 was $579,900 over the last six months, based on 336 closed sales tracked by Resideline. The middle half of those sales ranged from $475,000 to $700,000.

Is 98501 a buyer's or seller's market?

Resideline is currently tracking 11 pending sales against 83 active listings in 98501, a pending-to-active ratio of 0.13. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 98501 currently looks like a balanced market.

Nearby ZIP code market data

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