Is Okanogan, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Okanogan is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Okanogan was a Seller's Market.

Key Takeaway

Okanogan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Okanogan, WA cost?

Median Sold Price

$233,249

$152/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$20,871(+9.8%)

Key Takeaway

Homes in Okanogan have sold for 9.8% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $115K-
N/A
2 $179.5K$171.1K
-4.7%
3 $236K$249.9K
+5.9%
4 -$305K
N/A
5+ $340K$355K
+4.4%

Median Sold Price Compared To Nearby Cities

Omak
+18.6%
Okanogan
+9.8%
Colville Reservation
-5.0%

How many homes are available in Okanogan, WA?

Number of Homes For Sale

Oct 2022Nov 2022%
1716-5.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 10
-100.0%
2 78
+14.3%
3 44
0.0%
4 32
-33.3%
5+ 22
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
41-75.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Okanogan, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Average Sale Time

Nov 2021Nov 2022%
31 Days52 Days+67.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Okanogan has remained consistent over time.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Okanogan, WA

Okanogan, WA has 16 homes on the market. The number of homes for sale in Okanogan, WA decreased by 5.9% between October 2022 and November 2022. While the average time on the market in November 2022 was 52 days, the median list price was $233,249. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went up by 0%, the cost of 2 bedrooms properties went down by 4.7%, 3 bedrooms properties became 5.9% more expensive, prices of 4 bedrooms properties increased by 0%, the cost of 5 bedrooms properties went up by 4.4%. Housing inventory have changed in this real estate market: volume of 1 bedroom homes went down by 100%, number of 2 bedrooms homes increased by 14.3%, number of 3 bedrooms homes remained the same, number of 4 bedrooms homes decreased by 33.3%, 5 bedrooms homes inventory did not change. While more than 0 listings in Okanogan, WA in November 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 0 were sold below.

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