Exploring Olympia, WA: Current Housing Trends and Top Neighborhoods

As of January 27, 2025, Olympia, Washington, continues to attract new residents drawn by its vibrant community, natural beauty, and diverse housing options. Let's delve into the latest housing statistics, reasons behind the city's growing appeal, and highlight some of the most sought-after neighborhoods.

Current Housing Market Overview

In December 2024, Olympia's housing market remained active and competitive. The median sale price for homes was $501,000, reflecting a slight decrease of 3.6% compared to the previous year. Homes typically spent an average of 34 days on the market, a notable increase from 17 days in the prior year, indicating a slight shift towards a more balanced market.

Redfin

The number of homes sold in December 2024 rose to 40, up from 33 in December 2023, marking a 21.2% year-over-year increase. This uptick suggests sustained interest in Olympia's real estate market.

Redfin

Why Are People Moving to Olympia?

Several factors contribute to Olympia's growing popularity:

• Quality of Life: Olympia offers a blend of urban amenities and natural beauty, including parks, waterfronts, and a vibrant arts scene.

• Educational Opportunities: The city is home to reputable schools and higher education institutions, attracting families and students alike.

• Economic Growth: A diverse economy with opportunities in government, healthcare, and education sectors makes Olympia an attractive place for professionals.

Most Popular Neighborhoods

Among Olympia's diverse neighborhoods, the South Capitol area stands out as particularly desirable. Known for its historic charm, tree-lined streets, and proximity to downtown, South Capitol attracts both young professionals and families. The neighborhood's walkability, access to amenities, and well-preserved architecture contribute to its appeal.

areavibes.com

Olympia's real estate market remains dynamic, with a slight cooling in price growth and increased days on market suggesting a move towards balance. The city's high quality of life, economic opportunities, and charming neighborhoods like South Capitol continue to draw new residents. For those considering a move, Olympia offers a welcoming community with a variety of housing options to suit diverse preferences.