Olympia housing market: home prices, trends and forecast
Olympia home prices: the Zillow Home Value Index placed the typical home in Olympia, Washington at $526,205 in September 2026. It was down 0.3% from a year earlier and 1.4% below the peak of $533,801 in February 2026.
- Value of a typical home
- $526,205September 2026, Zillow ZHVI
- Change over 12 months
- −0.3% since September 2025.
Olympia home prices since 2000
Olympia appears on the steel line, while the United States appears on the grey line. Since January 2000 the typical home in Olympia has risen from $147,672 to $526,205, ×3.56, compared with ×2.99 for the US over those same months. The boom high was $277,696 in June 2007; the low was $215,627 in February 2012, −22.4%.
Olympia's median home price by year
Each year averages its twelve monthly values; for 2026, the figure uses the latest month.
| Year | Olympia | Change on the year | United States |
|---|---|---|---|
| 2000 | $148,998 | $125,745 | |
| 2001 | $153,682 | +3.1% | $134,899 |
| 2002 | $161,791 | +5.3% | $144,276 |
| 2003 | $174,829 | +8.1% | $155,308 |
| 2004 | $193,245 | +10.5% | $169,891 |
| 2005 | $224,813 | +16.3% | $189,732 |
| 2006 | $265,795 | +18.2% | $206,531 |
| 2007 | $276,133 | +3.9% | $208,449 |
| 2008 | $273,728 | −0.9% | $195,574 |
| 2009 | $258,556 | −5.5% | $177,542 |
| 2010 | $249,428 | −3.5% | $171,462 |
| 2011 | $227,804 | −8.7% | $162,508 |
| 2012 | $221,884 | −2.6% | $161,137 |
| 2013 | $232,908 | +5.0% | $171,420 |
| 2014 | $241,904 | +3.9% | $182,996 |
| 2015 | $253,607 | +4.8% | $192,738 |
| 2016 | $275,447 | +8.6% | $204,509 |
| 2017 | $299,179 | +8.6% | $216,767 |
| 2018 | $325,027 | +8.6% | $230,541 |
| 2019 | $346,394 | +6.6% | $242,088 |
| 2020 | $381,421 | +10.1% | $257,151 |
| 2021 | $456,598 | +19.7% | $295,959 |
| 2022 | $513,559 | +12.5% | $340,014 |
| 2023 | $506,099 | −1.5% | $348,160 |
| 2024 | $524,484 | +3.6% | $359,751 |
| 2025 | $530,060 | +1.1% | $362,959 |
| September 2026 | $526,205 | −0.3% | $366,157 |
What a home bought in Olympia in any year is worth now
An index-based estimate of a typical home, not an appraisal.
The figure for a year averages its twelve monthly index values; the current value is September 2026. Other tools: home appreciation calculator.
Are you thinking of selling? Compare local agents listed on Realtor.com. Advertising disclosure: links like this one may pay the site, but no number changes because of it. Disclosure.
Olympia housing market forecast
Zillow's forecast is +0.3% for the Olympia, WA metro over 12 months from September 2026. Its three-month forecast is 0%. With Olympia's typical value at $526,205, the forecast would place it near $527,800 one year later.
Zillow's central metro estimate appears here; no separate forecast is published by the site. This sort of 12-month forecast has typically been off from the realised change by several percentage points, whether higher or lower. This is not investment advice.
All metro forecasts in one table: housing market forecast.
Olympia housing market crash risk score
83 out of 100, very high
Five conditions that ran high before previous price falls form the basis for ranking Olympia against the 292 cities. Every input is scored from 0 to 100 relative to the other cities. The five scores then receive equal weight in the average. Current conditions are described, but a crash is not predicted.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +75.5% | 97 | 20% |
| How long a home stays listed, in days vs 2019 | +42.9% | 93 | 20% |
| Price-to-rent ratio | 22.3 | 73 | 20% |
| 12-month price change | −0.3% | 68 | 20% |
This is not investment advice. How each input is scored: methodology. Every one of the 292 cities ranked: crash risk by city.
Olympia housing inventory and days on market
During September 2026 the Olympia, WA metro counted 1,030 homes for sale. The total was +27.8% higher than a year earlier and +75.5% higher than in the same month of 2019. The median time to sell a listing was 60 days (+42.9% against 2019), while sellers cut prices on 28.1% of listings.
| Olympia, WA metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 1,030 | +27.8% |
| New listings | 324 | |
| Median days on market | 60 | +10.2% |
| Median list price | $569,500 | −0.5% |
| Share with a price cut | 28.1% |
Metro inventory comes from Realtor.com® Economic Research. Realtor.com data. All metros: days on market by city.
Living costs in Olympia
The Zillow Observed Rent Index shows a typical asking rent of $1,969 each month in Olympia, up 2.8% over a year. Paying that rent for 22.3 years would cover the cost of a typical home. BEA gives the metro a price index of 103.7, compared with the US average of 100, and a housing-cost index of 116.7.
For rent, prices and the salary required to move there, see Olympia living costs.
Other Washington housing markets
- Seattle housing market $822,572.
- Spokane $392,803
- Tacoma housing market $482,647.
- Vancouver housing market $498,160.
- Bellevue housing market $1,386,450.
- Yakima housing market $358,493.
- Bellingham housing market $657,528.
Whole-state figures: Washington housing market.
How to read this chart
For Olympia, each point is from the Zillow Home Value Index for Olympia. The figure covers a typical home in the market's middle third, with smoothing and seasonal adjustment, measured in that month's dollars. A hollow dot shows the month on the slider, while the terracotta dot shows the latest month. These figures do not account for inflation. An index tracks the typical home rather than one particular house; use the card above or the appreciation calculator to calculate one home's value from its sale price.