Is San Juan 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, San Juan Island has remained a Buyer's Market.
Housing Prices in San Juan Island, WA
How much do homes in San Juan Island, WA cost?
Median Sold Price
$865,000
$485/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in San Juan Island was $865,000 in May 2024, up 1.8% from last year, and the median price per square foot was $485.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $950K | $838K | -11.8% |
2 Bedrooms | $812K | $750K | -7.6% |
3 Bedrooms | $835K | $880K | +5.4% |
4 Bedrooms | $1.0M | $1.4M | +35.9% |
5+ Bedrooms | $2.0M | $1.1M | -44.0% |
Summary: San Juan Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes increased by 5.4%, 4 bedroom homes increased by 35.9%, and 5+ bedroom homes decreased by 44%.
Median Sold Price Compared To Nearby Cities
Friday Harbor | $721.2K | $875K | +21.3% |
San Juan Island | $850K | $865K | +1.8% |
Housing Supply in San Juan Island, WA
How many homes are available in San Juan Island, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
74 | 87 | +17.6% |
Summary: The San Juan Island real estate market had 87 homes for sale in May 2024, a 17.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 8 | 0.0% |
2 Bedrooms | 30 | 32 | +6.7% |
3 Bedrooms | 28 | 34 | +21.4% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 4 | 8 | +100.0% |
Summary: The San Juan 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 6.7%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 12 | -7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 12 homes were sold or pending in San Juan Island in May 2024, down by 7.7% month-over-month. Of the 12 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.
Days on Market for San Juan Island, WA
How long does it take to sell a home in San Juan Island, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 35 Days | +113.7% |
Summary: Homes in San Juan Island had an average of 35 days on market in May 2024, up by 113.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 12 homes were sold in San Juan Island; 83% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.