Is South Whidbey Island, 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, South Whidbey Island was a Seller's Market.
Housing Prices in South Whidbey Island, WA
How much do homes in South Whidbey Island, WA cost?
Median Sold Price
$750,000
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Whidbey Island was $750,000 in April 2024, up 8.4% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $650K | $769.5K | +18.4% |
2 Bedrooms | $650K | $699K | +7.5% |
3 Bedrooms | $735.7K | $751K | +2.1% |
4 Bedrooms | $1.0M | $852.5K | -19.2% |
5+ Bedrooms | $525K | $875K | +66.7% |
Summary: South Whidbey Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 18.4%, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 19.2%, and 5+ bedroom homes increased by 66.7%.
Median Sold Price Compared To Nearby Cities
Langley | $679K | $835K | +23.0% |
South Whidbey Island | $691.6K | $750K | +8.4% |
Central Whidbey Island | $607.5K | $625K | +2.9% |
Housing Supply in South Whidbey Island, WA
How many homes are available in South Whidbey Island, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
71 | 104 | +46.5% |
Summary: The South Whidbey Island real estate market had 104 homes for sale in April 2024, a 46.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 8 | +14.3% |
2 Bedrooms | 25 | 37 | +48.0% |
3 Bedrooms | 37 | 56 | +51.4% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The South Whidbey Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 48%, 3 bedroom homes increased by 51.4%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in South Whidbey Island in April 2024, up by 16.7% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for South Whidbey Island, WA
How long does it take to sell a home in South Whidbey Island, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 30 Days | -21.4% |
Summary: Homes in South Whidbey Island had an average of 30 days on market in Apr 2024, down by 21.4% compared to last year.
Breakdown of Home Sale Times
12 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, 14 homes were sold in South Whidbey Island; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.