Is North Whidbey Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, North Whidbey Island has remained a Seller's Market.
Housing Prices in North Whidbey Island, WA
How much do homes in North Whidbey Island, WA cost?
Median Sold Price
$495,337
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in North Whidbey Island was $495,337 in June 2024, up 5% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $215K | $360K | +67.4% |
2 Bedrooms | $362.5K | $396K | +9.2% |
3 Bedrooms | $465K | $486.6K | +4.7% |
4 Bedrooms | $558K | $575K | +3.0% |
5+ Bedrooms | $587K | $446K | -24.0% |
Summary: North Whidbey Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 24%.
Median Sold Price Compared To Nearby Cities
Central Whidbey Island | $570K | $635K | +11.4% |
Oak Harbor | $461.5K | $496.8K | +7.6% |
North Whidbey Island | $471.6K | $495.3K | +5.0% |
Housing Supply in North Whidbey Island, WA
How many homes are available in North Whidbey Island, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
174 | 169 | -2.9% |
Summary: The North Whidbey Island real estate market had 169 homes for sale in June 2024, a 2.9% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 2 | -50.0% |
2 Bedrooms | 35 | 38 | +8.6% |
3 Bedrooms | 91 | 86 | -5.5% |
4 Bedrooms | 38 | 34 | -10.5% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The North Whidbey Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 8.6%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
53 | 42 | -20.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 42 homes were sold or pending in North Whidbey Island in June 2024, down by 20.8% month-over-month. Of the 42 sold homes, 40% were sold under asking, 21% were sold at asking, and 38% were sold over asking.
Days on Market for North Whidbey Island, WA
How long does it take to sell a home in North Whidbey Island, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
25 Days | 20 Days | -18.0% |
Summary: Homes in North Whidbey Island had an average of 20 days on market in Jun 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 42 homes were sold in North Whidbey Island; 74% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.