$6,116 Closing Credit*
$515,000
1,783 SqFt
3 Beds
•2 Full Baths, 1 Partial
Jim Woessner, Listing Office: Better Homes&Gardens McKenzie
Is Island County, 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, 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
$587,056
$338/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$12,056(+2.1%)
Key Takeaway
Homes in Island County have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Island County was $587,056 in October 2024, up 2.1% from last year, and the median price per square foot was $338.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $535K | $527K | -1.5% |
| 2 Bedrooms | $555.2K | $563.1K | +1.4% |
| 3 Bedrooms | $566.4K | $576.3K | +1.7% |
| 4 Bedrooms | $645K | $639.9K | -0.8% |
| 5+ Bedrooms | $613K | $665K | +8.5% |
Summary: Island County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes increased by 1.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 8.5%.
Median Sold Price Compared To Nearby Counties
| Snohomish County | $693K | $730.3K | +5.4% |
| Island County | $575K | $587K | +2.1% |
Housing Supply in Island County, WA
How many homes are available in Island County, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 533 | 520 | -2.4% |
Summary: The Island County real estate market had 520 homes for sale in October 2024, a 2.4% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 25 | +4.2% |
| 2 Bedrooms | 168 | 168 | 0.0% |
| 3 Bedrooms | 260 | 250 | -3.8% |
| 4 Bedrooms | 65 | 60 | -7.7% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Island County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 120 | 123 | +2.5% |
Asking Price vs. Sold Price
57 Homes Were Sold
Under Asking
42 Homes Were Sold
At Asking
24 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. 46.3% of homes here sold below asking price last month.
Summary: A total of 123 homes were sold or pending in Island County in October 2024, up by 2.5% month-over-month. Of the 123 sold homes, 46% were sold under asking, 34% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 47 Days | 47 Days | +0.8% |
Summary: Homes in Island County had an average of 47 days on market in Oct 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
38 Homes Were Sold
In 30 - 90 Days
24 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 October 2024, 123 homes were sold in Island County; 50% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 20% 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.