$9,369 Closing Credit*
$789,000
1,195 SqFt
2 Beds
•1 Bath
Sandra Hurtley, Listing Office: COMPASS
Is South Whidbey Island, 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, South Whidbey Island has remained a Seller's Market.
Key Takeaway
South Whidbey Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Whidbey Island, WA
How much do homes in South Whidbey Island, WA cost?
Median Sold Price
$745,000
$419/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$5,000(-0.7%)
Key Takeaway
Homes in South Whidbey Island have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in South Whidbey Island was $745,000 in October 2024, down 0.7% from last year, and the median price per square foot was $419.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $780K | $550K | -29.5% |
| 2 Bedrooms | $670K | $732.5K | +9.3% |
| 3 Bedrooms | $768.7K | $749.9K | -2.4% |
| 4 Bedrooms | $832.5K | $1.2M | +44.1% |
| 5+ Bedrooms | - | $1.7M | N/A |
Summary: South Whidbey Island housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 29.5%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 44.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Whidbey Island | $750K | $745K | -0.7% |
| Langley | $789K | $780K | -1.1% |
| Central Whidbey Island | $635K | $595.1K | -6.3% |
Housing Supply in South Whidbey Island, WA
How many homes are available in South Whidbey Island, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 101 | 86 | -14.9% |
Summary: The South Whidbey Island real estate market had 86 homes for sale in October 2024, a 14.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 8 | -20.0% |
| 2 Bedrooms | 49 | 41 | -16.3% |
| 3 Bedrooms | 37 | 31 | -16.2% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The South Whidbey Island housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 16.3%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 27 | 18 | -33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Whidbey Island, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in South Whidbey Island in October 2024, down by 33.3% month-over-month. Of the 18 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% were sold over asking.
Days on Market for South Whidbey Island, WA
How long does it take to sell a home in South Whidbey Island, WA?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 32 Days | -39.3% |
Summary: Homes in South Whidbey Island had an average of 32 days on market in Oct 2024, down by 39.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Whidbey Island are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 18 homes were sold in South Whidbey Island; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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.