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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Skagit is a buyer's market

Buyer's
Market

Difference Since November 2023

Since last year, East Skagit has remained a Buyer's Market.

Key Takeaway

East Skagit is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Skagit, WA

How much do homes in East Skagit, WA cost?

Median Sold Price

$377,500

$277/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$44,250(+13.3%)

Key Takeaway

Homes in East Skagit have sold for 13.3% more than they did a year ago.

Summary: The median home sold price in East Skagit was $377,500 in November 2024, up 13.3% from last year, and the median price per square foot was $277.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $175K$150K
-14.3%
2 $294.5K$310K
+5.3%
3 $352.5K$402.5K
+14.2%
4 $395K$518.5K
+31.3%
5+ -$562.5K
N/A

Summary: East Skagit housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

East Whatcom
+19.2%
Concrete
+14.4%
East Skagit
+13.3%

Housing Supply in East Skagit, WA

How many homes are available in East Skagit, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4643-6.5%

Summary: The East Skagit real estate market had 43 homes for sale in November 2024, a 6.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 811
+37.5%
2 118
-27.3%
3 2321
-8.7%
4 11
0.0%
5+ 32
-33.3%

Summary: The East Skagit housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 27.3%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
125-58.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Skagit, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in East Skagit in November 2024, down by 58.3% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for East Skagit, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
11 Days35 Days+209.6%

Summary: Homes in East Skagit had an average of 35 days on market in Nov 2024, up by 209.6% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in East Skagit has remained consistent over time.

Summary: During November 2024, 5 homes were sold in East Skagit; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in East Skagit, WA

Nearby Markets to East Skagit, WA

What housing markets are near East Skagit, WA?