Is Olympia, WA 98512 a buyer’s or seller’s market?

The Olympia housing market right now

In the three months ending August 31, 2026, 20% of homes in Olympia, WA 98512 sold above their list price, the typical home went under contract in 20 days and there were 2.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 101 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 30%, homes sold more slowly (18 days then) and the median sale price rose 4% to $584,697. Overall, Olympia is less competitive than a year ago, which gives buyers more room.

Within Thurston County, homes here sell more slowly than in 55% of the county’s ZIP codes, and sell more often over asking than in 55%. On our competition score, Olympia ranks #107 of 298 WA ZIP codes with enough sales (score 63 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) and Rainier 98576 (28% sold over asking) are even more competitive.