Is Skagit County, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Skagit County has remained a Seller's Market.
Housing Prices in Skagit County, WA
How much do homes in Skagit County, WA cost?
Median Sold Price
$549,996
$337/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Skagit County was $549,996 in May 2024, up 3.9% from last year, and the median price per square foot was $337.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $337.5K | $345K | +2.2% |
2 Bedrooms | $413.3K | $438.3K | +6.0% |
3 Bedrooms | $535.4K | $550K | +2.7% |
4 Bedrooms | $630K | $645.9K | +2.5% |
5+ Bedrooms | $800K | $700K | -12.5% |
Summary: Skagit County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.2%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 12.5%.
Median Sold Price Compared To Nearby Counties
Okanogan County | $339K | $359.6K | +6.1% |
Skagit County | $529.3K | $549.9K | +3.9% |
Whatcom County | $566.9K | $584.9K | +3.2% |
Snohomish County | $699.5K | $709.2K | +1.4% |
Chelan County | $550K | $545.1K | -0.9% |
Housing Supply in Skagit County, WA
How many homes are available in Skagit County, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
465 | 612 | +31.6% |
Summary: The Skagit County real estate market had 612 homes for sale in May 2024, a 31.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 23 | +109.1% |
2 Bedrooms | 109 | 145 | +33.0% |
3 Bedrooms | 235 | 296 | +26.0% |
4 Bedrooms | 88 | 119 | +35.2% |
5+ Bedrooms | 22 | 29 | +31.8% |
Summary: The Skagit County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 109.1%, 2 bedroom homes increased by 33%, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes increased by 31.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 118 | +8.3% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 118 homes were sold or pending in Skagit County in May 2024, up by 8.3% month-over-month. Of the 118 sold homes, 37% were sold under asking, 33% were sold at asking, and 30% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
38 Days | 38 Days | -1.5% |
Summary: Homes in Skagit County had an average of 38 days on market in May 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
87 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Summary: During May 2024, 118 homes were sold in Skagit County; 74% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.