Is Okanogan County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Okanogan County is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Okanogan County was a Seller's Market.

Key Takeaway

Okanogan County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Okanogan County, WA

How much do homes in Okanogan County, WA cost?

Median Sold Price

$355,223

$211/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,098(+4.4%)

Key Takeaway

Homes in Okanogan County have sold for 4.4% more than they did a year ago.

Summary: The median home sold price in Okanogan County was $355,223 in October 2024, up 4.4% from last year, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $295K$249K
-15.6%
2 $265K$311K
+17.4%
3 $350K$375K
+7.1%
4 $395K$369K
-6.6%
5+ $494K$392.5K
-20.5%

Summary: Okanogan County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.6%, 2 bedroom homes increased by 17.4%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes decreased by 20.5%.

Median Sold Price Compared To Nearby Counties

Douglas County
+10.0%
Whatcom County
+8.1%
Chelan County
+7.4%
Okanogan County
+4.4%
Skagit County
+4.1%

Housing Supply in Okanogan County, WA

How many homes are available in Okanogan County, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
243247+1.6%

Summary: The Okanogan County real estate market had 247 homes for sale in October 2024, a 1.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2220
-9.1%
2 6467
+4.7%
3 111111
0.0%
4 3135
+12.9%
5+ 1514
-6.7%

Summary: The Okanogan County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 4.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes decreased by 6.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2541+64.0%

Asking Price vs. Sold Price

29 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Okanogan County, you may be able to get a good deal. 70.7% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Okanogan County in October 2024, up by 64.0% month-over-month. Of the 41 sold homes, 71% were sold under asking, 22% were sold at asking, and 7% were sold over asking.

Days on Market for Okanogan County, WA

How long does it take to sell a home in Okanogan County, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
62 Days96 Days+55.4%

Summary: Homes in Okanogan County had an average of 96 days on market in Oct 2024, up by 55.4% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

16 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Okanogan County are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 41 homes were sold in Okanogan County; 46% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 39% 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 Okanogan County, WA

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