Is Anderson Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Anderson Island was a Seller's Market.
Key Takeaway
Anderson Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Anderson Island, WA
How much do homes in Anderson Island, WA cost?
Median Sold Price
$475,000
$376/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
The sold price of homes in Anderson Island has remained the same since last month.
Summary: The median home sold price in Anderson Island was $475,000 in May 2024, down 0.3% from last month, and the median price per square foot was $376.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $162.5K | - | N/A |
| 2 Bedrooms | $875K | $389K | -55.5% |
| 3 Bedrooms | $772.5K | $621.2K | -19.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Anderson Island housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 55.5%, 3 bedroom homes decreased by 19.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Anderson Island, WA
How many homes are available in Anderson Island, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 31 | +40.9% |
Summary: The Anderson Island real estate market had 31 homes for sale in May 2024, a 40.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 8 | 14 | +75.0% |
| 3 Bedrooms | 9 | 12 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Anderson Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 75%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 3 | -25.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Anderson Island, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Anderson Island in May 2024, down by 25.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Anderson Island, WA
How long does it take to sell a home in Anderson Island, WA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 16 Days | -47.1% |
Summary: Homes in Anderson Island had an average of 16 days on market in May 2024, down by 47.1% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Anderson Island are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Anderson Island; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.