Market Intelligence · WA / Olympia

Olympia, WA 98501 Housing Market

The typical home value in Olympia, WA 98501 is $542,345, up 0.3% over the past year as of September 2026. The median list price is $576,225, and homes spend a median of 49 days on the market.

Updated September 2026Median value$542K

The median home value in Olympia, WA 98501 is $542K as of September 2026, up 0.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 98501 range

$499K to $586K

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

+0.3% over 12 months

Sep 2025$541K

Low $541KHigh $548K

Sep 2026$542K

The numbers

What is the 98501 housing market like?

As of September 2026

Typical home value

$542K

0.3%YoY

Median list price

$576K

3.5%MoM

Days on market

3.9%MoM

Homes for sale

148

5.0%MoM

Price cuts

28.7%

15.2%MoM

New listings

3.6%MoM

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

The outlook

98501 housing market forecast 2027

+0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98501 to stay roughly flat by September 2027 (up 0.2%).

Over the 12 months through September 2026, typical home values in 98501 rose 0.3%, per the Zillow Home Value Index.

Will home prices drop in 98501?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98501 to stay roughly flat by September 2027 (up 0.2%), after a 0.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 98501 home prices compare?

98501$542,345
Olympia$544,320
Washington$496,668
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Olympia: 6 ZIPs; Washington: 485 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 148 homes for sale in the 98501 ZIP, with 54 new listings hitting the market. The median days on market stands at 49, and the median list price is $576,225, while the typical home value sits at $542,345, up just 0.3% over the past year. About 28.7% of listings have taken a price cut, which suggests some sellers are adjusting expectations to meet buyers. For a seller, this points to a market where realistic pricing matters more than it did in faster years.

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Down payment20% · $108,469

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Common questions

What people ask us.

How much is a home in 98501 worth?

The typical home value in Olympia, WA 98501 is $542,345 as of September 2026, up 0.3% over the past year. The median list price is $576,225.

How long does it take to sell a home in 98501?

Homes in 98501 spend a median of 49 days on the market as of September 2026.

Is the 98501 market competitive for sellers right now?

There are 148 homes for sale in 98501 as of September 2026, and 28.7% of listings have had a price cut, so sellers face real competition and should price carefully.

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Nearby ZIP markets.

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