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All market snapshots / 98506

Olympia, WA 98506 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: 0.09
ActiveActive listings: 3333PendingPending sales: 33
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): $495k$495kSoldMedian sold price (last 6 months): $600k$600k
What homes actually sell for in Olympia, WA
Distribution of 184 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $445k to $700k
$150k to $246k: 6 sales$150k$246k to $342k: 8 sales$342k to $439k: 21 sales$342k$439k to $535k: 34 sales$535k to $631k: 29 sales$535k$631k to $728k: 41 sales41sales$728k to $824k: 24 sales$728k$824k to $920k: 2 salesMedian $600k

What the numbers say

As of September 14, 2026, Resideline is tracking 33 active listings and 3 pending sales in ZIP code 98506. 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 $495,000, while the median of the 184 closed sales Resideline tracked over the last six months was $599,995. 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 98506 for 57 days.

Frequently asked questions

What is the median home price in 98506?

The median closed sale price in Olympia, WA 98506 was $599,995 over the last six months, based on 184 closed sales tracked by Resideline. The middle half of those sales ranged from $444,995 to $700,000.

Is 98506 a buyer's or seller's market?

Resideline is currently tracking 3 pending sales against 33 active listings in 98506, 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, 98506 currently looks like a balanced market.

Nearby ZIP code market data

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