Is Camano Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Camano Island has remained a Seller's Market.
Housing Prices in Camano Island, WA
How much do homes in Camano Island, WA cost?
Median Sold Price
$673,333
$372/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Camano Island was $673,333 in May 2024, up 6.4% from last year, and the median price per square foot was $372.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $544.5K | $515K | -5.4% |
2 Bedrooms | $610K | $630K | +3.3% |
3 Bedrooms | $649.5K | $680K | +4.7% |
4 Bedrooms | $812.5K | $913.7K | +12.5% |
5+ Bedrooms | $887.5K | $767K | -13.6% |
Summary: Camano Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.4%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 13.6%.
Housing Supply in Camano Island, WA
How many homes are available in Camano Island, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
132 | 164 | +24.2% |
Summary: The Camano Island real estate market had 164 homes for sale in May 2024, a 24.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 5 | -28.6% |
2 Bedrooms | 53 | 60 | +13.2% |
3 Bedrooms | 61 | 82 | +34.4% |
4 Bedrooms | 10 | 15 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Camano Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 28.6%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 34.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
29 | 30 | +3.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in Camano Island in May 2024, up by 3.4% month-over-month. Of the 30 sold homes, 40% were sold under asking, 33% were sold at asking, and 27% were sold over asking.
Days on Market for Camano Island, WA
How long does it take to sell a home in Camano Island, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
41 Days | 36 Days | -11.9% |
Summary: Homes in Camano Island had an average of 36 days on market in May 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in Camano Island; 73% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.