$499,000
11.91 Acres
Land
Jim Woessner, Listing Office: Better Homes&Gardens McKenzie
Is Central Whidbey Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Central Whidbey Island has remained a Seller's Market.
Key Takeaway
Central Whidbey Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Central Whidbey Island, WA
How much do homes in Central Whidbey Island, WA cost?
Median Sold Price
$595,158
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$39,841(-6.3%)
Key Takeaway
Homes in Central Whidbey Island have sold for 6.3% less than they did a year ago.
Summary: The median home sold price in Central Whidbey Island was $595,158 in October 2024, down 6.3% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $600K | $622K | +3.7% |
| 2 Bedrooms | $538.4K | $520K | -3.4% |
| 3 Bedrooms | $645K | $629.5K | -2.4% |
| 4 Bedrooms | $705K | $850K | +20.6% |
| 5+ Bedrooms | $1.0M | $1.2M | +22.9% |
Summary: Central Whidbey Island housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes decreased by 3.4%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 20.6%, and 5+ bedroom homes increased by 22.9%.
Median Sold Price Compared To Nearby Cities
| North Whidbey Island | $475.1K | $500K | +5.2% |
| South Whidbey Island | $750K | $745K | -0.7% |
| Greenbank | $712K | $690K | -3.1% |
| Central Whidbey Island | $635K | $595.1K | -6.3% |
Housing Supply in Central Whidbey Island, WA
How many homes are available in Central Whidbey Island, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 102 | 102 | 0.0% |
Summary: The Central Whidbey Island real estate market had 102 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 31 | 33 | +6.5% |
| 3 Bedrooms | 56 | 51 | -8.9% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Central Whidbey Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 6.5%, 3 bedroom homes decreased by 8.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 26 | +23.8% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Central Whidbey Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in Central Whidbey Island in October 2024, up by 23.8% month-over-month. Of the 26 sold homes, 50% were sold under asking, 35% were sold at asking, and 15% were sold over asking.
Days on Market for Central Whidbey Island, WA
How long does it take to sell a home in Central Whidbey Island, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 33 Days | 41 Days | +25.9% |
Summary: Homes in Central Whidbey Island had an average of 41 days on market in Oct 2024, up by 25.9% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Central Whidbey Island are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 26 homes were sold in Central Whidbey Island; 54% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 15% 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.