Olympia, WA Home Values & Market Trends

Real estate market trends reflect that there have been 1,945 transactions over the past year in Olympia. The median value for residential home transactions that occurred over the previous year is $533,387.03. The number of current listings in Olympia is 78, and the percentage of properties for sale in the city is 78.00%. Olympia, WA currently has 21 properties in foreclosure, 1 bank owned properties, 18 properties headed for auction, and 78 properties for sale.

Olympia, WA Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
98516

$ 569,839

$ 284/sqft

98512

$ 522,342

$ 243/sqft

98513

$ 546,608

$ 267/sqft

98506

$ 690,467

$ 373/sqft

98501

$ 544,000

$ 288/sqft

98505

$ --

$ --

98502

$ 556,701

$ 250/sqft

Housing Market Summary for Olympia, WA

Apr 2023March 2024Change
Median Listing Price$525K$523.7K-0.24%
Median Sold Price$521.5K$523.7K0.43%
Homes For Sale75818.00%
Homes Sold1,1751,057-10.04%
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Olympia, WA

Olympia home values range from $23,716 to $10,068,095. The median estimated value of a home in Olympia is $533,387.03. The median list price of a home is 501,000, and the total count of properties in the city is 53,772.

Foreclosure
There are 7 zips within Olympia, WA; within these zips, the median estimated home value for homes in foreclosure ranges from $904,028 in 98502 to the lowest value of $213,582 in 98502. Foreclosure homes account for 0.00% of properties in Olympia, WA with 98513 containing 7 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.00% of all residential properties in Olympia, WA with 98513 containing 2 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 7 zips within Olympia, WA; of those zips, the estimated home value for pre-foreclosure homes ranges from $421,074 in 98516 to the lowest home value of $281,072 in 98513.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Olympia, WA ranges from the highest value of $461,310 in 98513 to the lowest value of $461,310 in 98513. Bank owned homes and properties account for 0.00% of properties in Olympia, WA. There are 7 zips within Olympia, WA; 98513 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    98516 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Olympia, WA. Auction homes and other auction properties account for 0.03% of all properties in Olympia, WA. There are 7 zips within Olympia, WA; of those zips, the median estimated home value for homes going to auction ranges from $1,077,759 in 98506 to the lowest value of $213,582 in 98506.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.15% of residential properties in Olympia, WA with 98516 containing 26 homes for sale, the highest number of listed properties in a single zip. There are 7 zips within Olympia, WA; homes for sale in those zips, have a range of median values from $1,524,037 in 98506 to the lowest value of $230,752 in 98502.
    Sold Homes
    The median value for recently sold homes ranges from $2,050,000 in 98506 to the lowest price of $44,388 in 98506. There are 7 zips within Olympia, WA. 98513 has 315 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 1.97% of properties in Olympia, WA.

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      Guide for Olympia, WA

      Market Reports
      Spokane Real Estate Market Shows Stability and Growth in March 2024
      Market Reports
      2023 Seattle Real Estate Market Review
      Home Buying Guides & Tips
      Washington Foreclosure Laws
      A new house being built
      Investment Financing
      What Type of Loan Is Best for First-Time Home Buyers?
      See More Articles
      Spokane Real Estate Market Shows Stability and Growth in March 2024
      Market Reports|posted 4 April 2024

      The Spokane real estate market is dynamic with average home value at $425,000 and per square foot value of $211 as of March 2024.

      2023 Seattle Real Estate Market Review
      Market Reports|posted 12 February 2024

      This blog post examines the ebb and flow of the Seattle real estate market in the past year, providing detailed insights into property values, average sold prices, and market trends in both Seattle and nearby cities. The data provides valuable insights for investors, homeowners, and real estate professionals.

      Washington Foreclosure Laws
      Home Buying Guides & Tips|posted 6 June 2013

      Washington Foreclosure Laws

      A new house being built
      What Type of Loan Is Best for First-Time Home Buyers?
      Investment Financing|posted 9 April 2024

      Buying a new home is an important milestone for many. But how do you make sure you pick the right mortgage?

      Recently Listed Homes Olympia, WA

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