Is Olympia, WA 98501 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Olympia is a seller’s market. With about 2.9 months of supply and 24% 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.

Months of supply2.9Under 4 months = seller’s market

Sold above original list24.4%Share of sales, last 3 months

Median sale-to-list99.5%Sold price ÷ list price

Median days on market18Listing to accepted offer

Median price per sq ft$299▲ +0.4% vs. last year

Run the numbers for 98501

Prefilled for 98501Can I win this house?Multiple-offer likelihood for a listing Prefilled for 98501Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bucoda 98530Balanced $290 /sq ft Lacey 98503Seller’s market $293 /sq ft Olympia 98502Seller’s market $326 /sq ft Olympia 98506Seller’s market $298 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology