March 2026 Real Estate Market Report for Buyers and Sellers
By Yazmin Mendoza

If you’ve been searching Olympia housing market 2026, Are home prices dropping in Olympia?, or Is now a good time to buy in 98512?, this market update is for you.

Here’s what the latest 98512 market data shows — and what it could mean for buyers and sellers.

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📈 Olympia 98512 Real Estate Market Stats (March 2026)

The Olympia 98512 housing market is showing strong activity.

Key Residential Stats:

• New Listings up 28.6%
  More homes are hitting the market.
• Pending Sales up 16%
  Buyers are still active.
• Closed Sales up 44.4%
  Sales activity jumped significantly.
• Median Home Price up to $615,000
  Up 2.5% year-over-year.
• Year-to-date median price: $572,500
  Up 4.1% from last year.

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What This Means for Buyers

Searching:

• Cheap houses for sale Olympia WA
• Affordable homes in Olympia
• Is it a buyer’s market?

Here’s the opportunity:

More Listings = More Options

Inventory rose from 31 homes to 38 homes

That may give buyers more choices than in previous tight markets.

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Homes Are Taking Longer to Sell

Days on market increased to 56 days
(Up 24.4%)

That can mean:
✔ More negotiating room
✔ Less rushed offers
✔ More chances for inspections

For buyers, that can be good news.

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Are Home Prices Still Going Up?

Short answer:

Yes, but more moderately.

Median prices are still rising.

This may be a healthier market than rapid spike conditions.

Many buyers searching:

• Should I wait for prices to drop?
• Will Olympia home prices go down?

may be surprised to see prices continue showing strength.

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Olympia Inventory Is Still Tight

Months of inventory:
1.3 months supply

Balanced markets are usually closer to 5–6 months.

That means:
🏡 It still leans seller-favorable.

Good homes may still move quickly.

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Cheap Houses for Sale in Olympia — Are They Still Out There?

Yes—but affordable homes often move fast.

Buyers searching:

• Homes under $500k Olympia
• Cheap houses near me
• Affordable homes 98512

may still find opportunities, especially in:

• Starter homes
• Condos
• Fixers
• Homes outside core Olympia

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What About Olympia Rentals?

High rent costs continue pushing some renters toward ownership.

Popular searches:

• Olympia rentals
• Apartments for rent Olympia WA
• Rent vs buy Olympia

Many buyers are comparing:
monthly rent vs mortgage payments

And exploring whether buying makes sense now.

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Condo Market Snapshot

Condo buyers may want to pay attention.

Condo inventory dropped sharply:

• Inventory down 71.4%
• Months supply down 72.4%

That could mean limited condo options.

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Should You Buy in 98512 Right Now?

Buyers may like:
✔ More listings
✔ Longer days on market
✔ Stable appreciation
✔ Still-limited inventory supporting values

That creates opportunity.

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Thinking About Buying or Selling in Olympia 98512?

Whether you’re searching:

• Cheap houses for sale Olympia WA
• Olympia rentals
• What is my home worth in Olympia
• Olympia housing market forecast

Understanding local stats can help you make smarter decisions.