Is North 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, North Whidbey Island has remained a Seller's Market.
Housing Prices in North Whidbey Island, WA
How much do homes in North Whidbey Island, WA cost?
Median Sold Price
$494,999
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Whidbey Island was $494,999 in May 2024, up 5.5% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $367.5K | +67.0% |
2 Bedrooms | $372K | $385K | +3.5% |
3 Bedrooms | $464.3K | $489.7K | +5.5% |
4 Bedrooms | $554K | $585K | +5.6% |
5+ Bedrooms | $572K | $515K | -10.0% |
Summary: North Whidbey Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
Oak Harbor | $455K | $494.9K | +8.8% |
Central Whidbey Island | $588.7K | $630K | +7.0% |
North Whidbey Island | $469.3K | $494.9K | +5.5% |
Housing Supply in North Whidbey Island, WA
How many homes are available in North Whidbey Island, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
151 | 173 | +14.6% |
Summary: The North Whidbey Island real estate market had 173 homes for sale in May 2024, a 14.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 27 | 33 | +22.2% |
3 Bedrooms | 91 | 93 | +2.2% |
4 Bedrooms | 27 | 36 | +33.3% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The North Whidbey Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
34 | 52 | +52.9% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in North Whidbey Island in May 2024, up by 52.9% month-over-month. Of the 52 sold homes, 33% were sold under asking, 35% were sold at asking, and 33% were sold over asking.
Days on Market for North Whidbey Island, WA
How long does it take to sell a home in North Whidbey Island, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 36 Days | +13.3% |
Summary: Homes in North Whidbey Island had an average of 36 days on market in May 2024, up by 13.3% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in North Whidbey Island; 73% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.