Why Live in Downtown Olympia
Downtown Olympia, known locally as “Downtown Oly,” is a vibrant neighborhood at the heart of Washington’s state capital, offering scenic views of Capitol Lake and the Puget Sound. The area is renowned for its thriving local art scene, with public art projects like murals and the Traffic Box Wrap project turning streets into galleries. The Creative District spans 30 blocks and includes over 100 creative businesses, such as record shops, galleries, and performance venues. Notable attractions include the Washington Center for Performing Arts and Harlequin Productions, which offer a variety of shows and performances. The neighborhood hosts events like The Olympia Arts Walk and the quirky Procession of the Species parade. Dining options are diverse, featuring American, Thai, Vietnamese, Mexican, and South Indian cuisines, with popular spots like the Olympia Oyster House and Well 80 Brewhouse. Shopping includes unique stores like Archibald Sisters and Danger Room Comics. Housing primarily consists of townhouses and condos, with some single-family homes near the Washington State Capitol. Heritage Park and Percival Landing Park provide green spaces for recreation, while the Yashiro Japanese Garden offers a tranquil retreat. Education is supported by highly rated schools such as Madison Elementary, Washington Middle School, and Avanti High. The neighborhood benefits from a fare-free transit system and extensive bike lanes and pedestrian trails, with Interstate 5 offering easy travel to Tacoma and Seattle.
Home Trends in Downtown Olympia, WA
On average, homes in Downtown Olympia, Olympia sell after 122 days on the market compared to the national average of 52 days. The median sale price for homes in Downtown Olympia, Olympia over the last 12 months is $426,500, down 12% from the median home sale price over the previous 12 months.
Median Sale Price
$426,500
Median Single Family Sale Price
$434,000
Median Townhouse Sale Price
$449,500
Median 2 Bedroom Sale Price
$474,000
Average Price Per Sq Ft
$352
Number of Homes for Sale
3
Last 12 months Home Sales
4
Median List Price
$460,000
Median Change From 1st List Price
5%
Median Home Sale Price YoY Change
-12%
