Is Olympia, WA 98516 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Olympia is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.1Under 4 months = seller’s market

Sold above original list18.6%Share of sales, last 3 months

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

Median days on market25Listing to accepted offer

Median price per sq ft$322▲ +3.2% vs. last year

Run the numbers for 98516

Prefilled for 98516Can I win this house?Multiple-offer likelihood for a listing Prefilled for 98516Over-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 98501Seller’s market $299 /sq ft Olympia 98502Seller’s market $326 /sq ft Browse all markets →

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