Home ValuePros

Market Intelligence · WA / Olympia

Olympia, WA 98512 Housing Market

The typical home in Olympia's 98512 ZIP code is worth $558,551, up 0.9% over the past year. The median list price is $628,000, and homes are spending a median of 57 days on the market.

Updated August 2026Median value$550K

The median home value in Olympia, WA 98512 is $550K as of August 2026, up 0.8% 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 98512 range

$506K to $594K

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

+0.8% over 12 months

Typical home value in 98512 over the last 12 months: $546K in Aug 2025 to $550K in Aug 2026 (+0.8%).

Aug 2025$546K

Aug 2026$550K

The numbers

What is the 98512 housing market like?

Typical home value

$550K

Up0.8%YoY

Median list price

$628K

Up4.8%MoM

Days on market

57

Up23.9%MoM

Homes for sale

93

Down1.1%MoM

Price cuts

30.8%

Up30.3%MoM

New listings

32

Down20.0%MoM

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

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The comparison

How do 98512 home prices compare?

  • 98512$550,294
  • 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

There are 93 homes for sale in 98512, with 32 new listings added as of 2026-08-01. Values have held fairly steady, rising 0.9% over the past year to a typical value of $558,551. Still, 30.8% of listings have taken a price cut, and homes are sitting a median of 57 days before selling. That gap between the $628,000 median list price and the typical value suggests some sellers are reaching above what buyers will pay. For a seller, realistic pricing from day one matters more than aiming high and cutting later.

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