Is Oak Harbor, 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, Oak Harbor has remained a Seller's Market.
Housing Prices in Oak Harbor, WA
How much do homes in Oak Harbor, WA cost?
Median Sold Price
$496,856
$297/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Oak Harbor was $496,856 in June 2024, up 7.6% from last year, and the median price per square foot was $297.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $297.5K | $360K | +21.0% |
2 Bedrooms | $341K | $415K | +21.7% |
3 Bedrooms | $460K | $490K | +6.5% |
4 Bedrooms | $550K | $585K | +6.4% |
5+ Bedrooms | $557K | $446K | -19.9% |
Summary: Oak Harbor housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21%, 2 bedroom homes increased by 21.7%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 19.9%.
Median Sold Price Compared To Nearby Cities
Oak Harbor | $461.5K | $496.8K | +7.6% |
North Whidbey Island | $471.6K | $495.3K | +5.0% |
Housing Supply in Oak Harbor, WA
How many homes are available in Oak Harbor, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
186 | 185 | -0.5% |
Summary: The Oak Harbor real estate market had 185 homes for sale in June 2024, a 0.5% 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 | 39 | 43 | +10.3% |
3 Bedrooms | 98 | 96 | -2.0% |
4 Bedrooms | 39 | 35 | -10.3% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Oak Harbor 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 10.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
55 | 45 | -18.2% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Oak Harbor in June 2024, down by 18.2% month-over-month. Of the 45 sold homes, 40% were sold under asking, 22% were sold at asking, and 38% were sold over asking.
Days on Market for Oak Harbor, WA
How long does it take to sell a home in Oak Harbor, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 21 Days | -9.5% |
Summary: Homes in Oak Harbor had an average of 21 days on market in Jun 2024, down by 9.5% compared to last year.
Breakdown of Home Sale Times
32 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 45 homes were sold in Oak Harbor; 71% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.