Home ValuePros

Market Intelligence · WA / Olympia

Olympia, WA 98506 Housing Market

The typical home in Olympia, WA 98506 is worth $545,946, down 1.4% over the past year as of 2026-07-01. The median list price stands at $615,000, and homes spend a median of 39 days on the market as of 2026-08-01.

Updated August 2026Median value$541K

The median home value in Olympia, WA 98506 is $541K as of August 2026, down 1.3% 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 98506 range

$498K to $585K

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

-1.3% over 12 months

Typical home value in 98506 over the last 12 months: $548K in Aug 2025 to $541K in Aug 2026 (-1.3%).

Aug 2025$548K

Aug 2026$541K

The numbers

What is the 98506 housing market like?

Typical home value

$541K

Down1.3%YoY

Median list price

$615K

Down6.8%MoM

Days on market

39

Down26.4%MoM

Homes for sale

47

Up14.6%MoM

Price cuts

25.6%

Up90.1%MoM

New listings

20

Down9.1%MoM

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

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The comparison

How do 98506 home prices compare?

  • 98506$541,300
  • 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

As of 2026-08-01, there are 47 homes for sale in the 98506 ZIP code, with 20 new listings entering the market. The median list price is $615,000, and the median days on market is 39. That pace is not especially fast, and sellers are feeling it: 25.6% of listings have taken a price cut. Meanwhile, the typical home value of $545,946 is down 1.4% over the past year as of 2026-07-01. For a seller, this is a market where pricing carefully from day one matters more than testing a high number.

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20% · $108,260

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