Is Lopez, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Lopez was a Seller's Market.
Key Takeaway
Lopez is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lopez, WA
How much do homes in Lopez, WA cost?
Median Sold Price
$810,000
$526/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Lopez have sold for 11.4% less than they did a year ago.
Summary: The median home sold price in Lopez was $810,000 in April 2024, down 11.4% from last year, and the median price per square foot was $526.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $675K | $535K | -20.7% |
| 2 Bedrooms | $655K | $724.9K | +10.7% |
| 3 Bedrooms | $1.1M | $1.0M | -8.5% |
| 4 Bedrooms | $4.3M | $485K | -88.8% |
| 5+ Bedrooms | - | $1.8M | N/A |
Summary: Lopez housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.7%, 2 bedroom homes increased by 10.7%, 3 bedroom homes decreased by 8.5%, 4 bedroom homes decreased by 88.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Orcas | $955K | $1.0M | +10.5% |
| Lopez | $913.8K | $810K | -11.4% |
| Lopez Island | $906.3K | $800K | -11.7% |
Housing Supply in Lopez, WA
How many homes are available in Lopez, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 25 | +47.1% |
Summary: The Lopez real estate market had 25 homes for sale in April 2024, a 47.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 5 | 8 | +60.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Lopez housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 60%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lopez, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in Lopez in April 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Lopez, WA
How long does it take to sell a home in Lopez, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 77 Days | 11 Days | -85.7% |
Summary: Homes in Lopez had an average of 11 days on market in Apr 2024, down by 85.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Lopez are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 1 homes were sold in Lopez; 100% of homes were sold within 30 days, 0% 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. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.