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

Housing Market Conditions



Gauge showing Olympia is a seller's market


Difference Since August 2022

Since last year, Olympia has remained a Seller's Market.

Key Takeaway

Olympia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices

How much do homes in Olympia, WA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Olympia have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Olympia was $537,439 in August 2023, up 9.6% from last year, and the median price per square foot was $290.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $318K$304.4K
2 $402.5K$422.7K
3 $488.2K$510K
4 $560K$605.3K
5+ $625K$603K

Summary: Olympia housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes decreased by 3.5%.

Median Sold Price Compared To Nearby Cities


Housing Supply

How many homes are available in Olympia, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Olympia real estate market had 588 homes for sale in August 2023, a 3.2% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 1113
2 6975
3 320319
4 138147
5+ 3234

Summary: The Olympia housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes increased by 8.7%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 6.3%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

52 Homes Were Sold
Under Asking

60 Homes Were Sold
At Asking

62 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Olympia, you could pay more than the asking price. 35.6% of homes here sold above asking price last month.

Summary: A total of 174 homes were sold or pending in Olympia in August 2023, down by 3.3% month-over-month. Of the 174 sold homes, 30% were sold under asking, 34% were sold at asking, and 36% were sold over asking.

Days on Market

How long does it take to sell a home in Olympia, WA?

Average Sale Time

Aug 2022Aug 2023CHANGE
18 Days22 Days+23.3%

Summary: Homes in Olympia had an average of 22 days on market in Aug 2023, up by 23.3% compared to last year.

Breakdown of Home Sale Times

133 Homes Were Sold
Under 30 Days

34 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Olympia are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 174 homes were sold in Olympia; 76% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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Nearby Markets

What housing markets are near Olympia, WA?