Is Oak Harbor, 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, Oak Harbor has remained a Seller's Market.
Housing Prices in Oak Harbor, WA
How much do homes in Oak Harbor, WA cost?
Median Sold Price
$490,000
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Harbor was $490,000 in April 2024, up 7.7% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $360K | +63.6% |
2 Bedrooms | $335K | $410.5K | +22.5% |
3 Bedrooms | $459K | $480K | +4.6% |
4 Bedrooms | $548K | $575K | +4.9% |
5+ Bedrooms | $572K | $515K | -10.0% |
Summary: Oak Harbor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 63.6%, 2 bedroom homes increased by 22.5%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Cities
Oak Harbor | $455K | $490K | +7.7% |
North Whidbey Island | $468.6K | $490K | +4.6% |
Housing Supply in Oak Harbor, WA
How many homes are available in Oak Harbor, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
125 | 150 | +20.0% |
Summary: The Oak Harbor real estate market had 150 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 22 | 27 | +22.7% |
3 Bedrooms | 76 | 94 | +23.7% |
4 Bedrooms | 24 | 23 | -4.2% |
5+ Bedrooms | 0 | 3 | +100.0% |
Summary: The Oak Harbor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 22.7%, 3 bedroom homes increased by 23.7%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
30 | 35 | +16.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Oak Harbor in April 2024, up by 16.7% month-over-month. Of the 35 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Oak Harbor, WA
How long does it take to sell a home in Oak Harbor, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 29 Days | -22.6% |
Summary: Homes in Oak Harbor had an average of 29 days on market in Apr 2024, down by 22.6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Oak Harbor; 83% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.