Is Island County, 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, Island County has remained a Seller's Market.
Key Takeaway
Island County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Island County, WA
How much do homes in Island County, WA cost?
Median Sold Price
$575,000
$329/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Island County have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Island County was $575,000 in April 2024, up 3.3% from last year, and the median price per square foot was $329.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | $550K | -4.3% |
| 2 Bedrooms | $547.7K | $556.2K | +1.6% |
| 3 Bedrooms | $540.8K | $565K | +4.5% |
| 4 Bedrooms | $657K | $642.5K | -2.2% |
| 5+ Bedrooms | $625K | $594.5K | -4.9% |
Summary: Island County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes decreased by 4.9%.
Median Sold Price Compared To Nearby Counties
| Island County | $556.7K | $575K | +3.3% |
| Snohomish County | $704.2K | $702.4K | -0.3% |
Housing Supply in Island County, WA
How many homes are available in Island County, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 355 | 474 | +33.5% |
Summary: The Island County real estate market had 474 homes for sale in April 2024, a 33.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 23 | +43.8% |
| 2 Bedrooms | 114 | 150 | +31.6% |
| 3 Bedrooms | 187 | 254 | +35.8% |
| 4 Bedrooms | 36 | 41 | +13.9% |
| 5+ Bedrooms | 2 | 6 | +200.0% |
Summary: The Island County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.8%, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 35.8%, 4 bedroom homes increased by 13.9%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 73 | 100 | +37.0% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
36 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Island County, you could pay more than the asking price. 36% of homes here sold above asking price last month.
Summary: A total of 100 homes were sold or pending in Island County in April 2024, up by 37.0% month-over-month. Of the 100 sold homes, 32% were sold under asking, 32% were sold at asking, and 36% were sold over asking.
Days on Market for Island County, WA
How long does it take to sell a home in Island County, WA?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 47 Days | 29 Days | -38.0% |
Summary: Homes in Island County had an average of 29 days on market in Apr 2024, down by 38% compared to last year.
Breakdown of Home Sale Times
80 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Island County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 100 homes were sold in Island County; 80% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 10% 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.