Is Olympia, WA 98513 a buyer’s or seller’s market?

The Olympia housing market right now

In the three months ending August 31, 2026, 19% of homes in Olympia, WA 98513 sold above their list price, the typical home went under contract in 34 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 148 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 27%, homes sold more slowly (21 days then) and the median sale price rose 6% to $538,267. Overall, Olympia is less competitive than a year ago, which gives buyers more room.

Within Thurston County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 64%. On our competition score, Olympia ranks #198 of 298 WA ZIP codes with enough sales (score 50 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.