Is Central Whidbey Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Central Whidbey Island has remained a Seller's Market.
Housing Prices in Central Whidbey Island, WA
How much do homes in Central Whidbey Island, WA cost?
Median Sold Price
$630,000
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Central Whidbey Island was $630,000 in May 2024, up 7% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $585K | $629.9K | +7.7% |
2 Bedrooms | $505K | $520K | +3.0% |
3 Bedrooms | $605K | $637.4K | +5.4% |
4 Bedrooms | $832.5K | $730K | -12.3% |
5+ Bedrooms | $775K | $1.0M | +30.6% |
Summary: Central Whidbey Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 30.6%.
Median Sold Price Compared To Nearby Cities
Central Whidbey Island | $588.7K | $630K | +7.0% |
North Whidbey Island | $469.3K | $494.9K | +5.5% |
South Whidbey Island | $712.4K | $748.4K | +5.1% |
Coupeville | $587.5K | $595K | +1.3% |
Greenbank | $719.5K | $706K | -1.9% |
Housing Supply in Central Whidbey Island, WA
How many homes are available in Central Whidbey Island, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
88 | 104 | +18.2% |
Summary: The Central Whidbey Island real estate market had 104 homes for sale in May 2024, a 18.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 30 | 36 | +20.0% |
3 Bedrooms | 46 | 49 | +6.5% |
4 Bedrooms | 5 | 10 | +100.0% |
5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Central Whidbey Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
25 | 19 | -24.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 19 homes were sold or pending in Central Whidbey Island in May 2024, down by 24.0% month-over-month. Of the 19 sold homes, 37% were sold under asking, 53% were sold at asking, and 11% were sold over asking.
Days on Market for Central Whidbey Island, WA
How long does it take to sell a home in Central Whidbey Island, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
49 Days | 40 Days | -18.9% |
Summary: Homes in Central Whidbey Island had an average of 40 days on market in May 2024, down by 18.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 19 homes were sold in Central Whidbey Island; 79% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.