Market Intelligence · WA / Olympia

Olympia, WA 98501 Housing Market

The typical home value in Olympia's 98501 ZIP is $555,014, up 0.4% over the past year. The median list price sits at $599,900, and homes are taking a median of 39 days on market as of June 1, 2026.

Updated June 2026Median value$555K

The median home value in Olympia, WA 98501 is $555K as of June 2026, up 0.4% 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

$511K to $599K

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

+0.4% over 12 months

Typical home value in 98501 over the last 12 months: $553K in Jun 2025 to $555K in Jun 2026 (+0.4%).

Jun 2025$553K

Jun 2026$555K

The numbers

What is the 98501 housing market like?

Typical home value

$555K

Up0.4%YoY

Median list price

$600K

Days on market

39

Up116.7%MoM

Homes for sale

129

Price cuts

20.3%

New listings

72

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 98501 home prices compare?

  • 98501$555,014
  • Olympia$557,996
  • Washington$508,607
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Olympia: 6 ZIPs; Washington: 485 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 129 homes for sale in 98501, with 72 new listings coming onto the market. The typical home value is $555,014, up 0.4% over the past year, while the median list price is $599,900. Homes are spending a median of 39 days on market, and 20.3% of listings have had a price cut. For sellers, this points to a market that has cooled toward flat, so pricing carefully from the start matters more than counting on quick gains.

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