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Olympia, WA 98502 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: 0.10
ActiveActive listings: 6767PendingPending sales: 77
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): $575k$575kSoldMedian sold price (last 6 months): $600k$600k
What homes actually sell for in Olympia, WA
Distribution of 250 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $485k to $780k
$160k to $326k: 10 sales$160k$326k to $492k: 46 sales$492k to $659k: 86 sales86sales$492k$659k to $825k: 36 sales$825k to $991k: 29 sales$825k$991k to $1.16M: 11 sales$1.16M to $1.32M: 5 sales$1.16M$1.32M to $1.49M: 2 salesMedian $600k

What the numbers say

As of September 14, 2026, Resideline is tracking 67 active listings and 7 pending sales in ZIP code 98502. That pending-to-active ratio of 0.10 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $575,000, while the median of the 250 closed sales Resideline tracked over the last six months was $599,999. 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 98502 for 66 days.

Frequently asked questions

What is the median home price in 98502?

The median closed sale price in Olympia, WA 98502 was $599,999 over the last six months, based on 250 closed sales tracked by Resideline. The middle half of those sales ranged from $485,000 to $780,000.

Is 98502 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 67 active listings in 98502, a pending-to-active ratio of 0.10. 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, 98502 currently looks like a balanced market.

Nearby ZIP code market data

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