Market Intelligence · WA / Olympia

Olympia, WA 98512 Housing Market

The typical home value in Olympia, WA 98512 is $546,294, up 0.6% over the past year as of September 2026. Sellers are listing at a median of $639,495, and homes are spending a median of 62 days on the market.

Updated September 2026Median value$546K

The median home value in Olympia, WA 98512 is $546K as of September 2026, up 0.6% 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 98512 range

$503K to $590K

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

+0.6% over 12 months

Sep 2025$543K

Low $543KHigh $553K

Sep 2026$546K

The numbers

What is the 98512 housing market like?

As of September 2026

Typical home value

$546K

0.6%YoY

Median list price

$639K

1.8%MoM

Days on market

8.8%MoM

Homes for sale

6.5%MoM

Price cuts

29.0%

5.9%MoM

New listings

0.0%MoM

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

The outlook

98512 housing market forecast 2027

0.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98512 to stay roughly flat by September 2027 (no change).

Over the 12 months through September 2026, typical home values in 98512 rose 0.6%, per the Zillow Home Value Index.

Will home prices drop in 98512?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98512 to stay roughly flat by September 2027 (no change), after a 0.6% 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 98512 home prices compare?

98512$546,294
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

There are 87 homes for sale in 98512 as of September 2026, with 32 new listings hitting the market that month. The median list price stands at $639,495, while the typical home value is $546,294, up 0.6% over the past year. Homes are taking a median of 62 days to sell, which points to a slower pace than a fast-moving seller's market. About 29.0% of listings have had a price cut, suggesting some sellers are adjusting expectations to find buyers. For a homeowner weighing a sale, values are holding steady, but patience and realistic pricing matter more than they did in a hotter market.

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Down payment20% · $109,259

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Common questions

What people ask us.

How much is a home in 98512 worth?

The typical home value in Olympia, WA 98512 is $546,294 as of September 2026, up 0.6% over the past year.

How long does it take to sell a home in 98512?

Homes in 98512 are spending a median of 62 days on the market as of September 2026, and 29.0% of listings have had a price cut.

How many homes are for sale in 98512?

There are 87 homes for sale in 98512 as of September 2026, including 32 new listings, with a median list price of $639,495.

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Nearby ZIP markets.

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