Is Camano Island, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Camano Island is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Camano Island has remained a Seller's Market.

Key Takeaway

Camano Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Camano Island, WA

How much do homes in Camano Island, WA cost?

Median Sold Price

$673,333

$372/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$40,333(+6.4%)

Key Takeaway

Homes in Camano Island have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Camano Island was $673,333 in May 2024, up 6.4% from last year, and the median price per square foot was $372.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $544.5K$515K
-5.4%
2 $610K$630K
+3.3%
3 $649.5K$680K
+4.7%
4 $812.5K$913.7K
+12.5%
5+ $887.5K$767K
-13.6%

Summary: Camano Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 13.6%.

Housing Supply in Camano Island, WA

How many homes are available in Camano Island, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
132164+24.2%

Summary: The Camano Island real estate market had 164 homes for sale in May 2024, a 24.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 75
-28.6%
2 5360
+13.2%
3 6182
+34.4%
4 1015
+50.0%
5+ 12
+100.0%

Summary: The Camano Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 34.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2930+3.4%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

10 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Camano Island, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Camano Island in May 2024, up by 3.4% month-over-month. Of the 30 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% were sold over asking.

Days on Market for Camano Island, WA

How long does it take to sell a home in Camano Island, WA?

Average Sale Time

May 2023May 2024CHANGE
41 Days36 Days-11.9%

Summary: Homes in Camano Island had an average of 36 days on market in May 2024, down by 11.9% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Camano Island are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 30 homes were sold in Camano Island; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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