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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Okanogan is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, Okanogan has remained a Seller's Market.

Key Takeaway

Okanogan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Okanogan, WA

How much do homes in Okanogan, WA cost?

Median Sold Price

$314,900

$178/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$15,100(-4.6%)

Key Takeaway

Homes in Okanogan have sold for 4.6% less than they did a month ago.

Summary: The median home sold price in Okanogan was $314,900 in October 2024, down 4.6% from last month, and the median price per square foot was $178.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 -$250K
N/A
3 $330K$355K
+7.6%
4 --
N/A
5+ -$314.9K
N/A

Summary: Okanogan housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 7.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Colville Reservation
+18.5%
Okanogan
-4.6%

Housing Supply in Okanogan, WA

How many homes are available in Okanogan, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2420-16.7%

Summary: The Okanogan real estate market had 20 homes for sale in October 2024, a 16.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 33
0.0%
2 55
0.0%
3 128
-33.3%
4 11
0.0%
5+ 33
0.0%

Summary: The Okanogan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were 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. 60% of homes here sold near the asking price last month.

Summary: A total of 5 homes were sold or pending in Okanogan in October 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% were sold over asking.

Days on Market for Okanogan, WA

How long does it take to sell a home in Okanogan, WA?

Average Sale Time

Sep 2024Oct 2024CHANGE
95 Days81 Days-14.4%

Summary: Homes in Okanogan had an average of 81 days on market in Oct 2024, down by 14.4% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Okanogan are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Okanogan; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

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

Report Updated 5 Days Ago

Newest Listings in Okanogan, WA

Nearby Markets to Okanogan, WA

What housing markets are near Okanogan, WA?