$416 Closing Credit*
$35,000
1,344 SqFt
2 Beds
•1 Full Bath
Rachel Giovacchini, Listing Office: RE/MAX Welcome Home
Is Omak, 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, Omak has remained a Seller's Market.
Key Takeaway
Omak is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Omak, WA
How much do homes in Omak, WA cost?
Median Sold Price
$312,500
$171/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$33,500(+12.0%)
Key Takeaway
Homes in Omak have sold for 12% more than they did a year ago.
Summary: The median home sold price in Omak was $312,500 in October 2024, up 12% from last year, and the median price per square foot was $171.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $228K | $142.5K | -37.5% |
| 2 Bedrooms | $105.5K | $199.9K | +89.5% |
| 3 Bedrooms | $280K | $340K | +21.4% |
| 4 Bedrooms | $400.7K | $383K | -4.4% |
| 5+ Bedrooms | $489K | $418.5K | -14.4% |
Summary: Omak housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 37.5%, 2 bedroom homes increased by 89.5%, 3 bedroom homes increased by 21.4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes decreased by 14.4%.
Housing Supply in Omak, WA
How many homes are available in Omak, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 31 | -3.1% |
Summary: The Omak real estate market had 31 homes for sale in October 2024, a 3.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 16 | 16 | 0.0% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Omak 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 decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 6 | +200.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Omak, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Omak in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Omak, WA
How long does it take to sell a home in Omak, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 64 Days | 90 Days | +39.3% |
Summary: Homes in Omak had an average of 90 days on market in Oct 2024, up by 39.3% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Omak are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Omak; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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. 
The data relating to real estate for sale on this web site comes in part from the Spokane Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the SARMLS. Real estate listings held by other brokerage firms are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Copyright 2024 Spokane Association of REALTORS® MLS. All rights reserved.