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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Skagit County is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Skagit County has remained a Seller's Market.

Key Takeaway

Skagit County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Skagit County, WA

How much do homes in Skagit County, WA cost?

Median Sold Price

$560,000

$344/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$20,000(+3.7%)

Key Takeaway

Homes in Skagit County have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Skagit County was $560,000 in November 2024, up 3.7% from last year, and the median price per square foot was $344.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $332K$397.5K
+19.7%
2 $425K$442.3K
+4.1%
3 $550K$570.2K
+3.7%
4 $617K$674.9K
+9.4%
5+ $775K$750K
-3.2%

Summary: Skagit County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.7%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 3.2%.

Median Sold Price Compared To Nearby Counties

Chelan County
+8.6%
Whatcom County
+7.5%
Snohomish County
+6.1%
Skagit County
+3.7%
Okanogan County
-1.1%

Housing Supply in Skagit County, WA

How many homes are available in Skagit County, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
564533-5.5%

Summary: The Skagit County real estate market had 533 homes for sale in November 2024, a 5.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 2226
+18.2%
2 12199
-18.2%
3 293273
-6.8%
4 105110
+4.8%
5+ 2325
+8.7%

Summary: The Skagit County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.2%, 2 bedroom homes decreased by 18.2%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 8.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
139115-17.3%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Skagit County, you may be able to get a good deal. 47.8% of homes here sold below asking price last month.

Summary: A total of 115 homes were sold or pending in Skagit County in November 2024, down by 17.3% month-over-month. Of the 115 sold homes, 48% were sold under asking, 33% were sold at asking, and 19% were sold over asking.

Days on Market for Skagit County, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days58 Days+26.8%

Summary: Homes in Skagit County had an average of 58 days on market in Nov 2024, up by 26.8% compared to last year.

Breakdown of Home Sale Times

57 Homes Were Sold
Under 30 Days

35 Homes Were Sold
In 30 - 90 Days

23 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 115 homes were sold in Skagit County; 50% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 20% 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 Skagit County, WA

Nearby Markets to Skagit County, WA

What housing markets are near Skagit County, WA?