Is Olympia, WA 98506 a buyer’s or seller’s market?

The Olympia housing market right now

In the three months ending August 31, 2026, 26% of homes in Olympia, WA 98506 sold above their list price, the typical home went under contract in 23 days and there were 2.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 83 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (28% then), homes sold more slowly (21 days then) and the median sale price held steady to $594,743. Overall, Olympia is about as competitive as it was a year ago.

Within Thurston County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 73%. On our competition score, Olympia ranks #55 of 298 WA ZIP codes with enough sales (score 70 out of 100).

Nearby, buyers who want less competition could look at Bucoda 98530 (0% sold over asking) or Tenino 98589 (14% sold over asking), while Lacey 98503 (29% sold over asking) is even more competitive.