$5,522 Closing Credit*
$465,000
1,849 SqFt
2 Beds
•1 Full Bath
Brianna Blackwood, Listing Office: Best Choice Realty LLC
Is Island County, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Island County has remained a Seller's Market.
Key Takeaway
Island County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Island County, WA
How much do homes in Island County, WA cost?
Median Sold Price
$595,792
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,292(+3.3%)
Key Takeaway
Homes in Island County have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Island County was $595,792 in November 2024, up 3.3% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $510K | $529K | +3.7% |
| 2 Bedrooms | $558.6K | $576.8K | +3.3% |
| 3 Bedrooms | $572.8K | $579.5K | +1.2% |
| 4 Bedrooms | $650K | $630K | -3.1% |
| 5+ Bedrooms | $568.5K | $700K | +23.1% |
Summary: Island County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 3.1%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Counties
| Snohomish County | $693.5K | $735.7K | +6.1% |
| Island County | $576.5K | $595.7K | +3.3% |
Housing Supply in Island County, WA
How many homes are available in Island County, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 476 | 433 | -9.0% |
Summary: The Island County real estate market had 433 homes for sale in November 2024, a 9.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 16 | -11.1% |
| 2 Bedrooms | 152 | 133 | -12.5% |
| 3 Bedrooms | 232 | 219 | -5.6% |
| 4 Bedrooms | 61 | 55 | -9.8% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Island County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 126 | 81 | -35.7% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Island County, you may be able to get a good deal. 54.3% of homes here sold below asking price last month.
Summary: A total of 81 homes were sold or pending in Island County in November 2024, down by 35.7% month-over-month. Of the 81 sold homes, 54% were sold under asking, 35% were sold at asking, and 11% were sold over asking.
Days on Market for Island County, WA
How long does it take to sell a home in Island County, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 51 Days | 49 Days | -3.7% |
Summary: Homes in Island County had an average of 49 days on market in Nov 2024, down by 3.7% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Island County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 81 homes were sold in Island County; 52% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 19% 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.