Is Lopez 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, Lopez Island has remained a Seller's Market.
Housing Prices in Lopez Island, WA
How much do homes in Lopez Island, WA cost?
Median Sold Price
$830,000
$562/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Lopez Island was $830,000 in March 2024, down 8.3% from last year, and the median price per square foot was $562.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $740K | $605K | -18.2% |
2 Bedrooms | $515K | $699.9K | +35.9% |
3 Bedrooms | $1.2M | $1.0M | -11.3% |
4 Bedrooms | $1.8M | $485K | -73.1% |
5+ Bedrooms | - | - | N/A |
Summary: Lopez Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 35.9%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 73.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Lopez | $907.6K | $850K | -6.3% |
Lopez Island | $905K | $830K | -8.3% |
Housing Supply in Lopez Island, WA
How many homes are available in Lopez Island, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
14 | 15 | +7.1% |
Summary: The Lopez Island real estate market had 15 homes for sale in March 2024, a 7.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 6 | 6 | 0.0% |
3 Bedrooms | 1 | 2 | +100.0% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lopez Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes remained the same, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Lopez Island in March 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Lopez Island, WA
How long does it take to sell a home in Lopez Island, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
142 Days | 34 Days | -75.7% |
Summary: Homes in Lopez Island had an average of 34 days on market in Mar 2024, down by 75.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Lopez Island; 33% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.