Market Intelligence · WA / Olympia

Olympia, WA 98516 Housing Market

In Olympia, WA 98516, the typical home value is $572,774, down 0.5% over the past year as of September 2026. The median list price is $621,475, and homes spend a median of 55 days on the market.

Updated September 2026Median value$573K

The median home value in Olympia, WA 98516 is $573K as of September 2026, down 0.5% 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.

Sell without the wait

Sell your Olympia home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 98516 range

$527K to $619K

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.

Not sure cash is the right move? Discuss your options with a licensed local pro, free.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 98516 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Olympia, WA.

12-month value trend

-0.5% over 12 months

Sep 2025$575K

Low $572KHigh $582K

Sep 2026$573K

The numbers

What is the 98516 housing market like?

As of September 2026

Typical home value

$573K

0.5%YoY

Median list price

$621K

0.4%MoM

Days on market

10.0%MoM

Homes for sale

145

8.2%MoM

Price cuts

30.3%

8.3%MoM

New listings

28.6%MoM

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

The outlook

98516 housing market forecast 2027

+0.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 98516 to stay roughly flat by September 2027 (up 0.2%).

Over the 12 months through September 2026, typical home values in 98516 fell 0.5%, per the Zillow Home Value Index.

Will home prices drop in 98516?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 98516 to stay roughly flat by September 2027 (up 0.2%), after a 0.5% 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.

Free home value report

See what your 98516 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 98516 home prices compare?

98516$572,774
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

As of September 2026, Olympia, WA 98516 has 145 homes for sale and 40 new listings. The median list price is $621,475, while the typical home value is $572,774, down 0.5% over the past year. Homes take a median of 55 days to sell, and 30.3% of listings have had a price cut. Sellers should expect buyers to have time and options, so pricing close to market value matters more than testing a high number.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $114,555

Term

Rate (%)

Common questions

What people ask us.

How much is a home in 98516 worth?

The typical home value in Olympia, WA 98516 is $572,774 as of September 2026, down 0.5% over the past year.

How long does it take to sell a home in 98516?

Homes in 98516 spend a median of 55 days on the market as of September 2026.

Are sellers cutting prices in 98516?

Yes. As of September 2026, 30.3% of listings in 98516 have had a price cut.

Discover

Nearby ZIP markets.

Keep reading