Explore Olympia, WA - Market Insights, Demographics, Crime, Trends & Hotspots

Pulse Score
C+
Cap Rate
0.89%
Investor Friendly Score
49.00%
Median Price
$501,000

Market Insights

With only 1.5 months of inventory, Olympia remains a seller's market. The median home price in Olympia currently stands at $501,000. With 61 active listings, inventory is 61% higher than seasonal norms. Homes are now taking an average of 34 days to sell, significantly longer than the 17 days typical for this market. A significant 29.5% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 17.5% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Olympia market with the affordability index at 43.5. Based on current market indicators, home prices in Olympia are projected to decrease by approximately 10.2% over the next month.

Demographics market for - Olympia, WA

Total Population -

52,167

White Population

80.33%

Black Population

2.78%

Mexican59.40% (5.14% of total population)
Puerto Rican8.14% (0.70% of total population)
Cuban1.88% (0.16% of total population)
Dominican2.66% (0.23% of total population)
Salvadoran0.22% (0.02% of total population)
Costa Rican0.47% (0.04% of total population)
Gautemalan4.28% (0.37% of total population)
Honduran9.40% (0.81% of total population)
Nicaraguan0.55% (0.05% of total population)
Panamanian3.66% (0.32% of total population)
Argentinean0%
Bolivian0%
Chilean1.35% (0.12% of total population)
Colombian1.75% (0.15% of total population)
Ecuadorian2.20% (0.19% of total population)
Peruvian4.04% (0.35% of total population)
Uruguyan0%
Venezuelan0%

Indian 5.94% (0.51% of total population)
Bangladeshi 0%
Chinese 10.75% (0.93% of total population)
Bhutanese 0%
Burmese 0%
Filipino 13.77% (1.19% of total population)
Hmong 0.49% (0.04% of total population)
Indonesian 0.69% (0.06% of total population)
Japanese 2.99% (0.26% of total population)
Korean 13.17% (1.14% of total population)
Laotian 0%
Malaysian 0%
Mongolian 0%
Nepalese 0.29% (0.02% of total population)
Pakistani 3.48% (0.30% of total population)
Srilankan 0%
Taiwanese 0.27% (0.02% of total population)
Pakistani 3.48% (0.30% of total population)
Srilankan 0%
Taiwanese 0.27% (0.02% of total population)
Thai 7.14% (0.62% of total population)
Vietnamese 26.50% (2.29% of total population)

Hawaiian0.80% (0.07% of total population)
Samoan1.64% (0.14% of total population)
Chamorro3.70% (0.32% of total population)
Fijian0%
Marshallese0%

Crime for - Olympia, WA

Motor Vehicle Theft4.68%
Larceny/Theft Offenses59.91%
Burglary/Breaking & Entering10.69%
Destruction/Damage/Vandalism of Property19.82%
Stolen Property Offenses4.90%

Sex Offenses68.00%
Sex Offenses12.00%
Kidnapping/Abduction20.00%

Homicide Offenses100.00%

Counterfeiting/Forgery20.00%
Fraud Offenses60.00%
Arson20.00%

Robbery100.00%

Assault Offenses100.00%

Real Estate Market Prediction for - Olympia, WA

City Hotspots

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