The Olympia housing market is very competitive. Homes in Olympia receive 2 offers on average and sell in around 8 days. The median sale price of a home in Olympia was $545K last month, up 7.9% since last year. The median sale price per square foot in Olympia is $290, up 2.8% since last year.
In March 2024, Olympia home prices were up 7.9% compared to last year, selling for a median price of $545K. On average, homes in Olympia sell after 8 days on the market compared to 18 days last year. There were 37 homes sold in March this year, down from 49 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$544,950
+7.9% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Olympia, WA
$544,950
+7.9%
United States
To compare other locations to the Olympia and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Olympia's median sale price is 30% higher than the national average. Overall cost of living in Olympia is 16% higher than the national average. Learn which home features in Olympia add value to a home.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Olympia housing market?
Olympia is very competitive. Homes sell in 14 days.
0
100
74
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 14 days.
Hot homes
can sell for about 2% above list price and go pending in around 5 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Olympia
Explore recent offers and recently sold homes in Olympia
Recent offers
Offer Not Accepted|
10 Weeks Ago
~$950K Offer
Sold for $950K
3bd | 3.25ba | ~5,000sqft
Under List Price
5%
Days on Market
175
Competing Offers
1
Down Payment
—
Brandi Delgado
Olympia Redfin Agent
Seller countered at $985k and the clients decided not to respond.
View houses in Olympia that sold recently
Recently sold homes
SOLD APR 18, 2024
$116,000 Last Sold Price
3 beds
2 baths
1,759 sq ft
1111 Archwood Dr SW #239, Olympia, WA 98502
Brian Kotelnicki • Tribeca NW Real Estate Abbey Realty Inc
This area's enrollment policy is not based solely on geography. Please check the school district website for more information.
GreatSchools Rating
9/10
McKenny Elementary School
Public • PreK-5
393
Students
5 reviews
8/10
Olympia Regional Learning Academy B
Public • PreK-8
210
Students
N/A
7/10
Pioneer Elementary School
Public • PreK-5
515
Students
11 reviews
6/10
Roosevelt Elementary School
Public • PreK-5
397
Students
2 reviews
6/10
Olympia Regional Learning Academy
Public • K-12 • Choice school
51
Students
9 reviews
Only showing 5 of
15 elementary schools.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Olympia housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Olympia.
Risk Factor
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Olympia has a minor risk of flooding. 756 properties in Olympia are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Olympia. Flood risk is increasing slower than the national average.
41% of properties are at risk of wildfire over the next 30 years
Fire Factor
Olympia has a moderate risk of wildfire. There are 7,682 properties in Olympia that have some risk of being affected by wildfire over the next 30 years. This represents 41% of all properties in Olympia.