Olympia - WA housing market
The Olympia metro has a typical home value of $521,365, up 0.1% from a year ago. Homes sell in 32 days on average, a balanced market. 35% of listings have had a price cut. Data from Zillow Research, updated monthly.
Olympia housing market, October 2026
The typical Olympia home is worth $521,365 as of September 2026, up 0.0% from the prior month, down 0.1% over three months, and up 0.1% from a year ago. Over the past two years values have ranged from $519,817 to $528,038.
Homes are going pending in about 32 days, slower than the 14 days seen three months earlier. There are roughly 1,327 homes for sale, 25% more than a year ago. 34.6% of listings have taken a price cut (up from 28.5% three months ago).
Typical rent is $2,043 a month, up 2.5% year over year, which puts the price-to-rent ratio at 21.3.
At this week's 7.40% mortgage rate with 20% down ($104,273), the typical Olympia home costs about $3,540 a month including tax and insurance, which needs a household income of roughly $151,700 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 ($521,365) 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 0.1% over the past year. In Olympia - WA, that means a home worth $520,844 last year is now worth roughly $521,365.
The median sale price, what homes actually close for, is $522,667. Homes are selling at 99.5% of list price, meaning buyers have room to negotiate.
Homes listed in Olympia - WA sit on the market for roughly 32 days before going pending. Shorter = seller's market; longer = buyer's market.
About 34.6% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 356 new listings hit the market each month in Olympia - WA. There are currently 1,327 homes for sale, up 24.6% from a year ago.
The typical monthly rent in Olympia - WA is $2,043, up 2.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 21.3x, renting territory (#36 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $2,888 a month in principal and interest, $845 more than renting before taxes, insurance and upkeep. The two break even at a 4.21% 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 | $720,147 | -1.6% | 27.0d |
| Spokane - WA | $415,045 | +0.2% | 30.0d |
| Kennewick - WA | $436,660 | +0.4% | 31.0d |
| Bremerton - WA | $579,111 | +1.1% | 21.0d |
| Yakima - WA | $348,084 | +0.5% | 36.0d |