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Olympia, WA 98502 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: 0.09
ActiveActive listings: 6868PendingPending 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): $595k$595kSoldMedian sold price (last 6 months): $615k$615k
What homes actually sell for in Olympia, WA
Distribution of 270 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $489k to $825k
$135k to $309k: 7 sales$135k$309k to $482k: 41 sales$482k to $656k: 100 sales100sales$482k$656k to $830k: 43 sales$830k to $1M: 30 sales$830k$1M to $1.18M: 13 sales$1.18M to $1.35M: 6 sales$1.18M$1.35M to $1.52M: 3 salesMedian $615k

What the numbers say

As of October 5, 2026, Resideline is tracking 68 active listings and 6 pending sales in ZIP code 98502. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $595,475, while the median of the 270 closed sales Resideline tracked over the last six months was $615,000. 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 98502 for 84 days.

Frequently asked questions

What is the median home price in 98502?

The median closed sale price in Olympia, WA 98502 was $615,000 over the last six months, based on 270 closed sales tracked by Resideline. The middle half of those sales ranged from $489,000 to $825,000.

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

Resideline is currently tracking 6 pending sales against 68 active listings in 98502, a pending-to-active ratio of 0.09. 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

Full Olympia, WA housing market report →

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