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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Omak is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Omak has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Omak, WA

How much do homes in Omak, WA cost?

Median Sold Price

$312,500

$171/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$33,500(+12.0%)

Key Takeaway

Homes in Omak have sold for 12% more than they did a year ago.

Summary: The median home sold price in Omak was $312,500 in October 2024, up 12% from last year, and the median price per square foot was $171.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $228K$142.5K
-37.5%
2 $105.5K$199.9K
+89.5%
3 $280K$340K
+21.4%
4 $400.7K$383K
-4.4%
5+ $489K$418.5K
-14.4%

Summary: Omak housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 89.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 14.4%.

Housing Supply in Omak, WA

How many homes are available in Omak, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3231-3.1%

Summary: The Omak real estate market had 31 homes for sale in October 2024, a 3.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 1616
0.0%
4 56
+20.0%
5+ 55
0.0%

Summary: The Omak 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Omak, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Omak in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.

Days on Market for Omak, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
64 Days90 Days+39.3%

Summary: Homes in Omak had an average of 90 days on market in Oct 2024, up by 39.3% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in Omak; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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 13 Days Ago

Newest Listings in Omak, WA

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