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Market Intelligence · WA / Thurston County

Olympia, WA home prices and housing market

6 ZIP markets liveData updated September 2026Typical value$544K1-yr changeUp0.2%

The typical home value in Olympia, WA is $544K as of September 2026, up 0.2% from a year ago, based on the Zillow Home Value Index. In the typical Olympia ZIP code, the median list price is $621K and homes spend a median of 55 days on market as of September 2026 (Realtor.com).

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The coverage

Olympia, by the numbers.

Typical home valueZillow ZHVI, September 2026
$544K
1-yr changeMedian across Olympia ZIPs
+0.2%
ZIP markets live9 tracked in Olympia
6
County
Thurston County

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12-month value trend

+0.2% over 12 months

Typical home value in Olympia over the last 12 months: $543K in Sep 2025 to $544K in Sep 2026 (+0.2%).

Sep 2025$543K

Sep 2026$544K

Median Zillow home value index across Olympia's ZIP codes.

Context

Olympia's housing market is moving slowly but holding value. The typical home value in Olympia is $544,320, up 0.2% over the past year as of September 2026. Sellers are asking more than that, with a median list price of $621,475, and buyers are taking their time, since the median days on market is 55. Inventory is meaningful, with 672 homes for sale and 206 new listings in September 2026. Price reductions are common, with 28.7% of listings carrying a price cut. For a homeowner deciding whether to sell, the data points to a patient market where realistic pricing matters more than testing the top of the range.

The numbers

What is the housing market like in Olympia, WA?

Typical home value

$544K

Up0.2%YoY

Median list price

$621K

Days on market

55

Homes for sale

672

Price cuts

28.7%

New listings

206

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Olympia's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Olympia, WA home prices over time

Typical home values in Olympia, WA are up 0.2% over the past year, from $543K in September 2025 to $544K in September 2026.

Typical home value in Olympia, WA, September of each year
MonthTypical value1-yr change
September 2026$544,320+0.2%
September 2025$543,110No prior year

Typical value is the median Zillow Home Value Index across Olympia ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Olympia, WA a buyer's or seller's market?

Olympia, WA leans toward a buyer's market.

A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 55 days on market and 29% of listings with a price cut in the typical Olympia ZIP code, and 206 new listings against 672 active listings across Olympia, as of September 2026 (Realtor.com).

The outlook

Olympia housing market forecast 2027

+0.2%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 6 Olympia ZIP codes, points to typical home values holding roughly flat by September 2027 (up 0.2%).

Over the 12 months through September 2026, typical home values in Olympia rose 0.2%, per the Zillow Home Value Index.

Will home prices drop in Olympia?

Not by much, on the forecasts: a weighted average of Zillow's ZIP forecasts for Olympia shows typical home values holding roughly flat by September 2027 (up 0.2%), after a 0.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 6 Olympia ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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The markets

Which Olympia ZIP codes have the highest home values?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 9 Olympia ZIP codes in total; the remaining 3 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Olympia, WA home prices.

How much is a home in Olympia worth?

The typical home value in Olympia is $544,320 as of September 2026. That figure is up 0.2% over the past year.

How long does it take to sell a home in Olympia?

The median days on market in Olympia is 55 as of September 2026. That suggests many sales take weeks, not days, especially if the asking price is ambitious.

Are Olympia sellers cutting prices?

Yes, 28.7% of listings in Olympia have a price cut as of September 2026. With 672 homes for sale, buyers have options, so overpriced listings often need to adjust.

Are home prices going up or down in Olympia, WA?

Typical home values in Olympia, WA are up 0.2% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Olympia, WA a buyer's or seller's market?

Olympia, WA leans toward a buyer's market. A large share of listings have cut their asking price and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 55 days on market and 29% of listings with a price cut in the typical Olympia ZIP code, and 206 new listings against 672 active listings across Olympia, as of September 2026 (Realtor.com).

Nearby markets

More Washington housing markets.

The market is moving

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