Is Skagit County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Skagit County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Skagit County has remained a Seller's Market.

Key Takeaway

Skagit County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Skagit County, WA

How much do homes in Skagit County, WA cost?

Median Sold Price

$550,000

$336/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$23,516(+4.5%)

Key Takeaway

Homes in Skagit County have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in Skagit County was $550,000 in April 2024, up 4.5% from last year, and the median price per square foot was $336.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $350K$337.5K
-3.6%
2 $408.1K$435K
+6.6%
3 $535.6K$550K
+2.7%
4 $650K$650K
0.0%
5+ $759.5K$700K
-7.8%

Summary: Skagit County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 7.8%.

Median Sold Price Compared To Nearby Counties

Okanogan County
+6.5%
Skagit County
+4.5%
Whatcom County
-0.1%
Snohomish County
-0.3%
Chelan County
-2.0%

Housing Supply in Skagit County, WA

How many homes are available in Skagit County, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
386465+20.5%

Summary: The Skagit County real estate market had 465 homes for sale in April 2024, a 20.5% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 911
+22.2%
2 83113
+36.1%
3 199232
+16.6%
4 7786
+11.7%
5+ 1823
+27.8%

Summary: The Skagit County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 36.1%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 11.7%, and 5+ bedroom homes increased by 27.8%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
98104+6.1%

Asking Price vs. Sold Price

44 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

30 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Skagit County, you may be able to get a good deal. 42.3% of homes here sold below asking price last month.

Summary: A total of 104 homes were sold or pending in Skagit County in April 2024, up by 6.1% month-over-month. Of the 104 sold homes, 42% were sold under asking, 29% were sold at asking, and 29% were sold over asking.

Days on Market for Skagit County, WA

How long does it take to sell a home in Skagit County, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
42 Days44 Days+4.9%

Summary: Homes in Skagit County had an average of 44 days on market in Apr 2024, up by 4.9% compared to last year.

Breakdown of Home Sale Times

76 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Skagit County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 104 homes were sold in Skagit County; 73% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

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