Is Orcas, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Orcas was a Seller's Market.
Housing Prices in Orcas, WA
How much do homes in Orcas, WA cost?
Median Sold Price
$1,055,000
$562/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Orcas was $1,055,000 in April 2024, up 10.5% from last year, and the median price per square foot was $562.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $895K | $1.1M | +22.9% |
2 Bedrooms | $855K | $872.5K | +2.0% |
3 Bedrooms | $1.0M | $1.1M | +17.5% |
4 Bedrooms | $1.6M | $1.4M | -16.1% |
5+ Bedrooms | $950K | $2.9M | +213.2% |
Summary: Orcas housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.9%, 2 bedroom homes increased by 2%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 213.2%.
Median Sold Price Compared To Nearby Cities
Eastsound | $950K | $1.0M | +13.3% |
Orcas | $955K | $1.0M | +10.5% |
Housing Supply in Orcas, WA
How many homes are available in Orcas, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
37 | 44 | +18.9% |
Summary: The Orcas real estate market had 44 homes for sale in April 2024, a 18.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 15 | 20 | +33.3% |
3 Bedrooms | 14 | 16 | +14.3% |
4 Bedrooms | 2 | 2 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Orcas 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 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 3 | -57.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Orcas in April 2024, down by 57.1% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Orcas, WA
How long does it take to sell a home in Orcas, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
78 Days | 121 Days | +54.6% |
Summary: Homes in Orcas had an average of 121 days on market in Apr 2024, up by 54.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Orcas; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% of homes were sold over 90 days.