Is Olalla, WA 98359 a buyer’s or seller’s market?
Olalla is a seller’s market. With about 1.2 months of supply and 23% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 83% of U.S. ZIP codes, and #26 of 296 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Olalla housing market right now
In the three months ending August 31, 2026, 23% of homes in Olalla, WA 98359 sold above their list price, the typical home went under contract in 6 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 55%, homes sold more slowly (3 days then) and the median sale price fell 23% to $804,652. Overall, Olalla is less competitive than a year ago, which gives buyers more room.
Within Kitsap County, homes here sell faster than in 93% of the county’s ZIP codes, and sell less often over asking than in 73%.
Nearby, buyers who want less competition could look at Keyport 98345 (0% sold over asking) or Seabeck 98380 (6% sold over asking), while Bremerton 98311 (67% sold over asking) and Bremerton 98310 (59% sold over asking) are even more competitive.
Run the numbers for 98359
Nearby markets
Bainbridge Island 98110Seller’s market $553 /sq ftBremerton 98310Seller’s market $286 /sq ftBremerton 98311Seller’s market $299 /sq ftBremerton 98312Seller’s market $290 /sq ft Browse all markets →Towns like Olalla nearby
Find towns like Olalla in other states →Where Olalla is
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Questions about Olalla real estate
Is Olalla a buyer’s or seller’s market?
A seller’s market: there were 1.2 months of supply in Olalla, WA 98359 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Olalla?
The typical home went under contract in 6 days in the latest three months.
Do homes in Olalla sell over asking?
23% of homes sold above their original list price, and the typical sale closed at 99.8% of the list price.
What are property taxes in Olalla?
About 0.77% of a home’s value a year in Kitsap County, or roughly $3,080 on a $400,000 home.
What is the median home price in Olalla?
The median sale price was $804,652 in the three months ending August 31, 2026, about $388 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology