Home ValuePros

Market Intelligence · WA / Olympia

Olympia, WA 98516 Housing Market

The typical home value in Olympia's 98516 ZIP code is $583,765, down 0.3% over the past year. The median list price sits at $633,250, and homes are taking a median of 30 days on market.

Updated June 2026Median value$584K

The median home value in Olympia, WA 98516 is $584K as of June 2026, down 0.3% 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 98516 range

$537K to $630K

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 98516 over the last 12 months: $585K in Jun 2025 to $584K in Jun 2026 (-0.3%).

Jun 2025$585K

Jun 2026$584K

The numbers

What is the 98516 housing market like?

Typical home value

$584K

Down0.3%YoY

Median list price

$633K

Days on market

30

Up36.4%MoM

Homes for sale

107

Price cuts

22.0%

New listings

62

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 98516 home prices compare?

  • 98516$583,765
  • Olympia$557,996
  • Washington$508,607
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Olympia: 6 ZIPs; Washington: 485 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 107 homes for sale in 98516, with 62 new listings added. The median list price is $633,250, while the typical home value is $583,765, down 0.3% over the past year. Homes are spending a median of 30 days on market, and 22.0% of listings have taken a price cut. For sellers, this is a market where pricing carefully matters more than in a rising market.

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