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Market Intelligence · WA / Olympia

Olympia, WA 98502 Housing Market

The typical home value in Olympia, WA 98502 is $567,732 as of September 2026, down 0.3% over the past year. The median list price is $605,438, and homes are spending a median of 68 days on the market.

Updated September 2026Median value$568K

The median home value in Olympia, WA 98502 is $568K as of September 2026, down 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 98502 range

$522K to $613K

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

Typical home value in 98502 over the last 12 months: $570K in Sep 2025 to $568K in Sep 2026 (-0.3%).

Sep 2025$570K

Sep 2026$568K

The numbers

What is the 98502 housing market like?

Typical home value

$568K

Down0.3%YoY

Median list price

$605K

Up0.4%MoM

Days on market

68

Up15.3%MoM

Homes for sale

91

Down9.9%MoM

Price cuts

20.2%

Down11.5%MoM

New listings

28

Down12.5%MoM

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

The outlook

98502 housing market forecast 2027

+0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98502 to stay roughly flat by September 2027 (up 0.2%).

Over the 12 months through September 2026, typical home values in 98502 fell 0.3%, per the Zillow Home Value Index.

Will home prices drop in 98502?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98502 to stay roughly flat by September 2027 (up 0.2%), after a 0.3% decline 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 98502 home prices compare?

  • 98502$567,732
  • 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

Olympia, WA 98502 had 91 homes for sale as of September 2026, with 28 new listings coming on that month. The typical home value is $567,732, down 0.3% over the past year, so prices are roughly flat rather than falling sharply. The median list price of $605,438 sits above the typical value, which suggests some sellers are aiming high. With a median of 68 days on market, homes are taking time to sell. For a seller, the data points to a slow but stable market where realistic pricing matters more than timing.

Monthly payment

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20% · $113,546

Common questions

What people ask us.

How much is a home in 98502 worth?

The typical home value in Olympia, WA 98502 is $567,732 as of September 2026, down 0.3% over the past year. The median list price is $605,438.

How long does it take to sell a home in 98502?

Homes in 98502 are spending a median of 68 days on the market as of September 2026. There were 91 homes for sale and 28 new listings that month.

Are sellers in 98502 cutting prices?

Yes, 20.2% of listings in 98502 had a price cut as of September 2026. That lines up with a typical home value that is down 0.3% over the past year.

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