Is Central Whidbey Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Central Whidbey Island has remained a Seller's Market.
Housing Prices in Central Whidbey Island, WA
How much do homes in Central Whidbey Island, WA cost?
Median Sold Price
$625,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Central Whidbey Island was $625,000 in April 2024, up 2.9% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $585K | $614.9K | +5.1% |
2 Bedrooms | $524K | $525K | 0.2% |
3 Bedrooms | $610K | $635K | +4.1% |
4 Bedrooms | $815K | $730K | -10.4% |
5+ Bedrooms | $775K | $750K | -3.2% |
Summary: Central Whidbey Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.1%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 3.2%.
Median Sold Price Compared To Nearby Cities
South Whidbey Island | $691.6K | $750K | +8.4% |
North Whidbey Island | $468.6K | $490K | +4.6% |
Central Whidbey Island | $607.5K | $625K | +2.9% |
Greenbank | $745K | $698K | -6.3% |
Coupeville | $611.2K | $570K | -6.7% |
Housing Supply in Central Whidbey Island, WA
How many homes are available in Central Whidbey Island, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 89 | +20.3% |
Summary: The Central Whidbey Island real estate market had 89 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 33 | 32 | -3.0% |
3 Bedrooms | 33 | 47 | +42.4% |
4 Bedrooms | 5 | 4 | -20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Central Whidbey Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 42.4%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 25 | +19.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Central Whidbey Island in April 2024, up by 19.0% month-over-month. Of the 25 sold homes, 36% were sold under asking, 20% were sold at asking, and 44% were sold over asking.
Days on Market for Central Whidbey Island, WA
How long does it take to sell a home in Central Whidbey Island, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
43 Days | 30 Days | -29.2% |
Summary: Homes in Central Whidbey Island had an average of 30 days on market in Apr 2024, down by 29.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 25 homes were sold in Central Whidbey Island; 80% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.