Olympia - WA housing market
The Olympia metro has a typical home value of $524,878, up 0.3% from a year ago. Homes sell in 24 days on average, a balanced market. 34% of listings have had a price cut. Data from Zillow Research, updated monthly.
Olympia housing market, October 2026
The typical Olympia home is worth $524,878 as of August 2026, down 0.0% from the prior month, down 0.4% over three months, and up 0.3% from a year ago. Over the past two years values have ranged from $523,429 to $531,707.
Homes are going pending in about 24 days, slower than the 11 days seen three months earlier. There are roughly 1,317 homes for sale, 25% more than a year ago. 33.9% of listings have taken a price cut (up from 24.5% three months ago).
Typical rent is $2,080 a month, up 1.7% year over year, which puts the price-to-rent ratio at 21.0.
At this week's 7.40% mortgage rate with 20% down ($104,976), the typical Olympia home costs about $3,563 a month including tax and insurance, which needs a household income of roughly $152,700 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($524,878) is the Zillow Home Value Index for the Olympia - WA metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 0.3% over the past year. In Olympia - WA, that means a home worth $523,308 last year is now worth roughly $524,878.
The median sale price, what homes actually close for, is $523,975. Homes are selling at 99.8% of list price, meaning buyers have room to negotiate.
Homes listed in Olympia - WA sit on the market for roughly 24 days before going pending. Shorter = seller's market; longer = buyer's market.
About 33.9% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 410 new listings hit the market each month in Olympia - WA. There are currently 1,317 homes for sale, up 24.6% from a year ago.
The typical monthly rent in Olympia - WA is $2,080, up 1.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 21.0x, renting territory (#38 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,907 a month in principal and interest, $827 more than renting before taxes, insurance and upkeep. The two break even at a 4.31% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in WA
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Seattle - WA | $727,359 | -1.5% | 21.0d |
| Spokane - WA | $418,163 | +0.2% | 26.0d |
| Kennewick - WA | $438,458 | +0.4% | 27.0d |
| Bremerton - WA | $580,591 | +1.2% | 14.0d |
| Yakima - WA | $351,952 | +0.9% | 34.0d |