Is Lummi Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lummi Island was a Buyer's Market.
Housing Prices in Lummi Island, WA
How much do homes in Lummi Island, WA cost?
Median Sold Price
$775,000
$355/sqft
Based on all homes sold in March 2024.
Difference Since Last Month
Summary: The median home sold price in Lummi Island was $775,000 in March 2024, up 17.4% from last month, and the median price per square foot was $355.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $660K | $775K | +17.4% |
3 Bedrooms | - | $662.5K | N/A |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Lummi Island housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.4%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Lummi Island, WA
How many homes are available in Lummi Island, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Summary: The Lummi Island real estate market had 15 homes for sale in March 2024, a 50.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 4 | 0.0% |
3 Bedrooms | 5 | 8 | +60.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Lummi 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 remained the same, 3 bedroom homes increased by 60%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
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 Lummi 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 Lummi Island, WA
How long does it take to sell a home in Lummi Island, WA?
Average Sale Time
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 Days | 55 Days | +361.1% |
Summary: Homes in Lummi Island had an average of 55 days on market in Mar 2024, up by 361.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 3 homes were sold in Lummi Island; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.