Olympia Wellington Market Report

Olympia Real Estate Market Update – October 2026

The real estate market in Olympia continues to offer buyers a broad selection, with 27 homes currently for sale as of October 2026 and asking prices ranging from $599,999 to $2,100,000. Inventory has decreased slightly from 29 listings in September, giving buyers somewhat fewer options across multiple price points within this desirable Wellington community.

Sales activity remained steady in September, with 6 homes closing at prices ranging from $655,000 to $1,250,000. The median sale price was $852,500, while the median price per square foot was $263.20. The median days on market was 16 days, indicating that the homes that sold were generally going under contract or selling relatively quickly compared with the previous month's figures.

September's median sale price decreased slightly from August's $865,000, while the median price per square foot increased from $253.07 to $263.20. The median days on market also declined from 28 to 16 days, suggesting a faster pace for the homes that sold. However, with only six closed sales, these figures should be interpreted cautiously. Differences in home size, upgrades, lot location, views, condition, and amenities can significantly influence monthly statistics.

The decline in the median sale price does not necessarily indicate that home values are falling across Olympia. Likewise, the increase in price per square foot does not automatically mean that every property has appreciated. The specific mix of homes sold during the month can influence both measures, making comparable sales and neighborhood-specific analysis essential when determining current market value.

Olympia continues to offer a mix of properties, from more attainable homes to luxury residences, with pricing influenced by location within the community, updates, lot features, and overall condition. Buyers should compare properties carefully, while sellers should evaluate competing listings and recent sales before setting an asking price.

Overall, Olympia's market shows signs of faster sales activity, with six homes sold in September and a median of 16 days on market. Although inventory has edged down, buyers still have a variety of properties to consider. Sellers can benefit from the relatively brisk pace among recent sales, but competitive pricing, strong presentation, and an understanding of current buyer preferences remain important to achieving a successful sale.

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