Is Oak Harbor, 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, 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
$485,766
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oak Harbor was $485,766 in March 2024, up 7.9% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $360K | +63.6% |
2 Bedrooms | $331.3K | $394K | +18.9% |
3 Bedrooms | $455K | $476.3K | +4.7% |
4 Bedrooms | $540K | $575K | +6.5% |
5+ Bedrooms | $557K | $530K | -4.8% |
Summary: Oak Harbor housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.6%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
Oak Harbor | $450.2K | $485.7K | +7.9% |
North Whidbey Island | $468.5K | $482.9K | +3.1% |
Housing Supply in Oak Harbor, WA
How many homes are available in Oak Harbor, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
127 | 126 | -0.8% |
Summary: The Oak Harbor real estate market had 126 homes for sale in March 2024, a 0.8% decrease 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 | 25 | 22 | -12.0% |
3 Bedrooms | 79 | 76 | -3.8% |
4 Bedrooms | 21 | 25 | +19.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Harbor 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 decreased by 12%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 19%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
43 | 30 | -30.2% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Oak Harbor in March 2024, down by 30.2% month-over-month. Of the 30 sold homes, 10% were sold under asking, 43% were sold at asking, and 47% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 34 Days | -35.9% |
Summary: Homes in Oak Harbor had an average of 34 days on market in Mar 2024, down by 35.9% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 30 homes were sold in Oak Harbor; 67% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.