Is Orcas, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Orcas has remained a Buyer's Market.
Housing Prices in Orcas, WA
How much do homes in Orcas, WA cost?
Median Sold Price
$1,093,225
$537/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Orcas was $1,093,225 in February 2024, up 15.8% from last year, and the median price per square foot was $537.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $750K | $680K | -9.3% |
2 Bedrooms | $790K | $950K | +20.3% |
3 Bedrooms | $1.0M | $1.1M | +14.7% |
4 Bedrooms | $1.3M | $1.4M | +7.7% |
5+ Bedrooms | - | $1.2M | N/A |
Summary: Orcas housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 20.3%, 3 bedroom homes increased by 14.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Eastsound | $940K | $1.1M | +17.0% |
Orcas | $944.2K | $1.0M | +15.8% |
Housing Supply in Orcas, WA
How many homes are available in Orcas, WA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
32 | 32 | 0.0% |
Summary: The Orcas real estate market had 32 homes for sale in February 2024, the same as January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 15 | 15 | 0.0% |
3 Bedrooms | 11 | 12 | +9.1% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Orcas housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Orcas in February 2024, down by 33.3% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Orcas, WA
How long does it take to sell a home in Orcas, WA?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
93 Days | 120 Days | +29.0% |
Summary: Homes in Orcas had an average of 120 days on market in Feb 2024, up by 29% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Orcas; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.