$525,000
21.24 Acres
Land
Lisa Wolford, Listing Office: Orcas Island Realty LLC
Is Orcas, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Orcas was a Seller's Market.
Key Takeaway
Orcas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Orcas, WA
How much do homes in Orcas, WA cost?
Median Sold Price
$982,500
$595/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$4,999(-0.5%)
Key Takeaway
Homes in Orcas have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Orcas was $982,500 in October 2024, down 0.5% from last year, and the median price per square foot was $595.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $665K | $975K | +46.6% |
| 2 Bedrooms | $885K | $800K | -9.6% |
| 3 Bedrooms | $1.0M | $1.2M | +16.7% |
| 4 Bedrooms | $1.3M | $1.5M | +21.0% |
| 5+ Bedrooms | $950K | $2.4M | +162.6% |
Summary: Orcas housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 46.6%, 2 bedroom homes decreased by 9.6%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 162.6%.
Median Sold Price Compared To Nearby Cities
| Orcas | $987.4K | $982.5K | -0.5% |
| Eastsound | $1.0M | $982.5K | -1.8% |
Housing Supply in Orcas, WA
How many homes are available in Orcas, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 58 | +1.8% |
Summary: The Orcas real estate market had 58 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 23 | 24 | +4.3% |
| 3 Bedrooms | 23 | 23 | 0.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Orcas 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 increased by 4.3%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Orcas, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Orcas in October 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Orcas, WA
How long does it take to sell a home in Orcas, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 142 Days | 74 Days | -47.6% |
Summary: Homes in Orcas had an average of 74 days on market in Oct 2024, down by 47.6% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Orcas are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Orcas; 38% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 50% 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.