$10,000 Closing Credit*
$2,095,000
1,930 SqFt
3 Beds
•1 Full Bath, 1 Partial
Marty Zier, Listing Office: COMPASS
Is Orcas, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Orcas has remained a Seller's Market.
Key Takeaway
Orcas is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orcas, WA
How much do homes in Orcas, WA cost?
Median Sold Price
$982,500
$552/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$17,500(-1.8%)
Key Takeaway
Homes in Orcas have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Orcas was $982,500 in November 2024, down 1.8% from last year, and the median price per square foot was $552.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $665K | $925K | +39.1% |
| 2 Bedrooms | $950K | $800K | -15.8% |
| 3 Bedrooms | $1.0M | $1.2M | +16.7% |
| 4 Bedrooms | $1.4M | $1.5M | +12.4% |
| 5+ Bedrooms | $2.8M | $1.8M | -33.7% |
Summary: Orcas housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 39.1%, 2 bedroom homes decreased by 15.8%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 12.4%, and 5+ bedroom homes decreased by 33.7%.
Median Sold Price Compared To Nearby Cities
| Eastsound | $1.0M | $1.0M | +1.3% |
| Orcas | $1.0M | $982.5K | -1.8% |
Housing Supply in Orcas, WA
How many homes are available in Orcas, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 | 47 | -6.0% |
Summary: The Orcas real estate market had 47 homes for sale in November 2024, a 6.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Orcas housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 14 | +75.0% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
1 Home Was 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. 92.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Orcas in November 2024, up by 75.0% month-over-month. Of the 14 sold homes, 93% were sold under asking, 7% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 80 Days | 122 Days | +52.4% |
Summary: Homes in Orcas had an average of 122 days on market in Nov 2024, up by 52.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 14 homes were sold in Orcas; 36% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 43% 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.