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 April 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
$490,000
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in North Whidbey Island was $490,000 in April 2024, up 4.6% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $354.3K | +61.1% |
2 Bedrooms | $372K | $385K | +3.5% |
3 Bedrooms | $465K | $477K | +2.6% |
4 Bedrooms | $558K | $575K | +3.0% |
5+ Bedrooms | $588.5K | $515K | -12.5% |
Summary: North Whidbey Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.1%, 2 bedroom homes increased by 3.5%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 3%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Cities
Oak Harbor | $455K | $490K | +7.7% |
North Whidbey Island | $468.6K | $490K | +4.6% |
Central Whidbey Island | $607.5K | $625K | +2.9% |
Housing Supply in North Whidbey Island, WA
How many homes are available in North Whidbey Island, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
114 | 140 | +22.8% |
Summary: The North Whidbey Island real estate market had 140 homes for sale in April 2024, a 22.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 17 | 24 | +41.2% |
3 Bedrooms | 70 | 87 | +24.3% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The North Whidbey Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 41.2%, 3 bedroom homes increased by 24.3%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 33 | +26.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in North Whidbey Island in April 2024, up by 26.9% month-over-month. Of the 33 sold homes, 21% were sold under asking, 42% were sold at asking, and 36% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 31 Days | -19.5% |
Summary: Homes in North Whidbey Island had an average of 31 days on market in Apr 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 33 homes were sold in North Whidbey Island; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.