Is Omak, 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, 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
$318,750
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Omak have sold for 27.6% more than they did a year ago.
Summary: The median home sold price in Omak was $318,750 in March 2024, up 27.6% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $163K | $142.5K | -12.6% |
| 2 Bedrooms | $135.5K | $125K | -7.7% |
| 3 Bedrooms | $252K | $318.7K | +26.5% |
| 4 Bedrooms | $325K | $390.5K | +20.2% |
| 5+ Bedrooms | $310K | $463K | +49.4% |
Summary: Omak housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 26.5%, 4 bedroom homes increased by 20.2%, and 5+ bedroom homes increased by 49.4%.
Median Sold Price Compared To Nearby Cities
| Omak | $249.9K | $318.7K | +27.6% |
| Colville Reservation | $185K | $208K | +12.4% |
Housing Supply in Omak, WA
How many homes are available in Omak, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 32 | +33.3% |
Summary: The Omak real estate market had 32 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 4 | 8 | +100.0% |
| 3 Bedrooms | 9 | 15 | +66.7% |
| 4 Bedrooms | 7 | 6 | -14.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Omak housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 66.7%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Omak, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Omak in March 2024, up by 300.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 28 Days | 67 Days | +138.1% |
Summary: Homes in Omak had an average of 67 days on market in Mar 2024, up by 138.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Omak are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 8 homes were sold in Omak; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.