Home ValuePros

Market Intelligence · WA / Olympia

Olympia, WA 98501 Housing Market

The typical home in Olympia's 98501 ZIP code is worth $552,636, up 0.5% over the past year. The median list price is $597,000, and homes spend a median of 51 days on the market. There are 141 homes for sale.

Updated August 2026Median value$545K

The median home value in Olympia, WA 98501 is $545K as of August 2026, up 0.5% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 98501 range

$501K to $589K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+0.5% over 12 months

Typical home value in 98501 over the last 12 months: $543K in Aug 2025 to $545K in Aug 2026 (+0.5%).

Aug 2025$543K

Aug 2026$545K

The numbers

What is the 98501 housing market like?

Typical home value

$545K

Up0.5%YoY

Median list price

$597K

Down0.5%MoM

Days on market

51

Up13.3%MoM

Homes for sale

141

Down0.7%MoM

Price cuts

24.9%

Up7.8%MoM

New listings

56

Down26.3%MoM

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

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The comparison

How do 98501 home prices compare?

  • 98501$545,018
  • Olympia$547,656
  • Washington$500,124
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Olympia: 6 ZIPs; Washington: 485 ZIPs; United States: 26,265 ZIPs).

Context

Values in 98501 have been nearly flat, rising 0.5% over the past year to a typical value of $552,636. Sellers are aiming higher than that, with a median list price of $597,000. Homes are taking a median of 51 days to sell, so buyers have some time to compare. About 24.9% of listings have had a price cut, which suggests some sellers are starting above what the market will pay. With 141 homes for sale and 56 new listings, competition is real, and pricing carefully from day one matters more than testing the high end.

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