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 June 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
$635,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Central Whidbey Island was $635,000 in June 2024, up 11.4% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $560K | $614.9K | +9.8% |
2 Bedrooms | $522.5K | $515K | -1.4% |
3 Bedrooms | $570K | $655K | +14.9% |
4 Bedrooms | $832.5K | $705K | -15.3% |
5+ Bedrooms | $892.5K | $1.0M | +13.4% |
Summary: Central Whidbey Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.8%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 14.9%, 4 bedroom homes decreased by 15.3%, and 5+ bedroom homes increased by 13.4%.
Median Sold Price Compared To Nearby Cities
Central Whidbey Island | $570K | $635K | +11.4% |
South Whidbey Island | $699.9K | $749.4K | +7.1% |
Coupeville | $572K | $607.5K | +6.2% |
North Whidbey Island | $471.6K | $495.3K | +5.0% |
Greenbank | $714K | $732K | +2.5% |
Housing Supply in Central Whidbey Island, WA
How many homes are available in Central Whidbey Island, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
104 | 127 | +22.1% |
Summary: The Central Whidbey Island real estate market had 127 homes for sale in June 2024, a 22.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 5 | -16.7% |
2 Bedrooms | 36 | 48 | +33.3% |
3 Bedrooms | 50 | 61 | +22.0% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Central Whidbey Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 22%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
20 | 30 | +50.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Central Whidbey Island in June 2024, up by 50.0% month-over-month. Of the 30 sold homes, 33% were sold under asking, 30% were sold at asking, and 37% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
21 Days | 28 Days | +29.3% |
Summary: Homes in Central Whidbey Island had an average of 28 days on market in Jun 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 30 homes were sold in Central Whidbey Island; 67% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.