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Olympia, WA 98501 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Olympia, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.07
ActiveActive listings: 8383PendingPending sales: 66
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): $599k$599kSoldMedian sold price (last 6 months): $578k$578k
What homes actually sell for in Olympia, WA
Distribution of 348 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $480k to $715k
$289k to $376k: 16 sales$289k$376k to $463k: 37 sales$463k to $550k: 74 sales$463k$550k to $637k: 76 sales76sales$637k to $724k: 47 sales$637k$724k to $811k: 34 sales$811k to $898k: 22 sales$811k$898k to $985k: 7 salesMedian $578k

What the numbers say

As of October 5, 2026, Resideline is tracking 83 active listings and 6 pending sales in ZIP code 98501. That pending-to-active ratio of 0.07 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $599,000, while the median of the 348 closed sales Resideline tracked over the last six months was $578,000. 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 68 days.

Frequently asked questions

What is the median home price in 98501?

The median closed sale price in Olympia, WA 98501 was $578,000 over the last six months, based on 348 closed sales tracked by Resideline. The middle half of those sales ranged from $480,000 to $714,650.

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

Resideline is currently tracking 6 pending sales against 83 active listings in 98501, a pending-to-active ratio of 0.07. 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

Full Olympia, WA housing market report →

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