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 March 2023
Since last year, Central Whidbey Island has remained a Seller's Market.
Key Takeaway
Central Whidbey Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Whidbey Island, WA
How much do homes in Central Whidbey Island, WA cost?
Median Sold Price
$629,158
$363/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Central Whidbey Island have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Central Whidbey Island was $629,158 in March 2024, up 4.6% from last year, and the median price per square foot was $363.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $590K | $614.9K | +4.2% |
| 2 Bedrooms | $524.4K | $525K | 0.1% |
| 3 Bedrooms | $607.5K | $635K | +4.5% |
| 4 Bedrooms | $815K | $717.5K | -12.0% |
| 5+ Bedrooms | $750.5K | $1.0M | +38.2% |
Summary: Central Whidbey Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 38.2%.
Median Sold Price Compared To Nearby Cities
| South Whidbey Island | $699.9K | $740K | +5.7% |
| Central Whidbey Island | $601.5K | $629.1K | +4.6% |
| North Whidbey Island | $468.5K | $482.9K | +3.1% |
| Coupeville | $619.7K | $608.7K | -1.8% |
| Greenbank | $745K | $712K | -4.4% |
Housing Supply in Central Whidbey Island, WA
How many homes are available in Central Whidbey Island, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 72 | 76 | +5.6% |
Summary: The Central Whidbey Island real estate market had 76 homes for sale in March 2024, a 5.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 26 | 34 | +30.8% |
| 3 Bedrooms | 34 | 33 | -2.9% |
| 4 Bedrooms | 8 | 5 | -37.5% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Central Whidbey Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 37.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 21 | +31.3% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Whidbey Island, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Central Whidbey Island in March 2024, up by 31.3% month-over-month. Of the 21 sold homes, 48% were sold under asking, 24% were sold at asking, and 29% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 66 Days | 41 Days | -38.4% |
Summary: Homes in Central Whidbey Island had an average of 41 days on market in Mar 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Whidbey Island are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in Central Whidbey Island; 62% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.