Is East Skagit, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, East Skagit was a Neutral Market.
Key Takeaway
East Skagit is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Skagit, WA
How much do homes in East Skagit, WA cost?
Median Sold Price
$344,500
$268/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
The sold price of homes in East Skagit has remained the same since last year.
Summary: The median home sold price in East Skagit was $344,500 in March 2024, up 0.4% from last year, and the median price per square foot was $268.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $175K | $149K | -14.9% |
| 2 Bedrooms | $315K | $270K | -14.3% |
| 3 Bedrooms | $375.3K | $385K | +2.6% |
| 4 Bedrooms | $395K | $465K | +17.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: East Skagit housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.9%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lyman-Hamilton | $535K | $593.7K | +11.0% |
| Concrete | $349.9K | $357.5K | +2.2% |
| East Skagit | $343K | $344.5K | 0.4% |
| East Whatcom | $385K | $378.5K | -1.7% |
Housing Supply in East Skagit, WA
How many homes are available in East Skagit, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 30 | 32 | +6.7% |
Summary: The East Skagit real estate market had 32 homes for sale in March 2024, a 6.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 13 | 11 | -15.4% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The East Skagit 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 57.1%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Skagit, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in East Skagit in March 2024, down by 50.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for East Skagit, WA
How long does it take to sell a home in East Skagit, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 24 Days | -65.0% |
Summary: Homes in East Skagit had an average of 24 days on market in Mar 2024, down by 65% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Skagit are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in East Skagit; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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.