Is Omak, 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, Omak has remained a Seller's Market.
Housing Prices in Omak, WA
How much do homes in Omak, WA cost?
Median Sold Price
$318,750
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Omak was $318,750 in April 2024, up 27.5% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $163K | $142.5K | -12.6% |
2 Bedrooms | $151K | $194.4K | +28.8% |
3 Bedrooms | $252K | $325K | +29.0% |
4 Bedrooms | $357.5K | $386K | +8.0% |
5+ Bedrooms | $404.5K | $437K | +8.0% |
Summary: Omak housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 29%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 8%.
Housing Supply in Omak, WA
How many homes are available in Omak, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
34 | 41 | +20.6% |
Summary: The Omak real estate market had 41 homes for sale in April 2024, a 20.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 11 | +37.5% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 7 | 6 | -14.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Omak 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 37.5%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Omak in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Omak, WA
How long does it take to sell a home in Omak, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
98 Days | 55 Days | -43.6% |
Summary: Homes in Omak had an average of 55 days on market in Apr 2024, down by 43.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in Omak; 78% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.