Is South Whidbey Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, South Whidbey Island has remained a Seller's Market.
Housing Prices in South Whidbey Island, WA
How much do homes in South Whidbey Island, WA cost?
Median Sold Price
$749,450
$408/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in South Whidbey Island was $749,450 in June 2024, up 7.1% from last year, and the median price per square foot was $408.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $646.2K | $798K | +23.5% |
2 Bedrooms | $642.5K | $715K | +11.3% |
3 Bedrooms | $756.2K | $745K | -1.5% |
4 Bedrooms | $900K | $1.0M | +13.9% |
5+ Bedrooms | $525K | $867.5K | +65.2% |
Summary: South Whidbey Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.5%, 2 bedroom homes increased by 11.3%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 65.2%.
Median Sold Price Compared To Nearby Cities
Central Whidbey Island | $570K | $635K | +11.4% |
Langley | $774.5K | $838.8K | +8.3% |
South Whidbey Island | $699.9K | $749.4K | +7.1% |
Housing Supply in South Whidbey Island, WA
How many homes are available in South Whidbey Island, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
120 | 123 | +2.5% |
Summary: The South Whidbey Island real estate market had 123 homes for sale in June 2024, a 2.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 10 | +11.1% |
2 Bedrooms | 52 | 50 | -3.8% |
3 Bedrooms | 54 | 58 | +7.4% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Whidbey Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 7.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
25 | 33 | +32.0% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 33 homes were sold or pending in South Whidbey Island in June 2024, up by 32.0% month-over-month. Of the 33 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for South Whidbey Island, WA
How long does it take to sell a home in South Whidbey Island, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
46 Days | 44 Days | -4.5% |
Summary: Homes in South Whidbey Island had an average of 44 days on market in Jun 2024, down by 4.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During June 2024, 33 homes were sold in South Whidbey Island; 67% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.