Foreclosure Homes in Olympia, WA

Current Market Conditions in Olympia, WA

Olympia's real estate market has been relatively stable over the past year, though it shows signs of gradual appreciation in property values. The demand for homes has increased, mainly due to the area's appeal as a family-friendly environment with a lower cost of living compared to other major cities in Washington state.

Currently, the inventory of available homes is limited, leading to competitive bidding in some neighborhoods. Many buyers are seeking single-family homes with outdoor space, reflecting a post-pandemic shift in housing preferences.

Rent Prices In Olympia, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Olympia, WA, is on a rollercoaster ride. The average rent price in Olympia, WA, is $1,733.00. Indeed, when looking to rent in Olympia, WA, you can expect to pay as little as $650.00 or as much as $5,180.00, with the average rent median estimated to be $1,690.00. The good news is that finding an affordable and desirable property to rent in Olympia, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.