$10,000 Closing Credit*
$995,000
1,528 SqFt
3 Beds
•2 Full Baths
Michelle R Harrington, Listing Office: COMPASS
Is Lummi Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Lummi Island has remained a Buyer's Market.
Key Takeaway
Lummi Island is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Lummi Island, WA
How much do homes in Lummi Island, WA cost?
Median Sold Price
$1,215,000
$392/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$515,000(+73.6%)
Key Takeaway
Homes in Lummi Island have sold for 73.6% more than they did a month ago.
Summary: The median home sold price in Lummi Island was $1,215,000 in October 2024, up 73.6% from last month, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $700K | - | N/A |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | $1.2M | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Lummi Island housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Lummi Island | $700K | $1.2M | +73.6% |
| Lummi Reservation | $767.5K | $521.5K | -32.1% |
Housing Supply in Lummi Island, WA
How many homes are available in Lummi Island, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 20 | -4.8% |
Summary: The Lummi Island real estate market had 20 homes for sale in October 2024, a 4.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 9 | 0.0% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Lummi Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lummi Island, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Lummi Island in October 2024, down by 50.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Lummi Island, WA
How long does it take to sell a home in Lummi Island, WA?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 Days | 63 Days | +950.0% |
Summary: Homes in Lummi Island had an average of 63 days on market in Oct 2024, up by 950% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Lummi Island has remained consistent over time.
Summary: During October 2024, 1 homes were sold in Lummi Island; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% 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.