Is Greenbank, 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, Greenbank has remained a Seller's Market.
Housing Prices in Greenbank, WA
How much do homes in Greenbank, WA cost?
Median Sold Price
$706,000
$449/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Greenbank was $706,000 in May 2024, down 1.9% from last year, and the median price per square foot was $449.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $750K | N/A |
2 Bedrooms | $648.1K | $550K | -15.1% |
3 Bedrooms | $1.0M | $797.5K | -25.8% |
4 Bedrooms | $900K | $1.4M | +57.2% |
5+ Bedrooms | - | - | N/A |
Summary: Greenbank housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 25.8%, 4 bedroom homes increased by 57.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Central Whidbey Island | $588.7K | $630K | +7.0% |
Greenbank | $719.5K | $706K | -1.9% |
Housing Supply in Greenbank, WA
How many homes are available in Greenbank, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Summary: The Greenbank real estate market had 24 homes for sale in May 2024, a 26.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 11 | 12 | +9.1% |
3 Bedrooms | 5 | 9 | +80.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Greenbank housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 80%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1 | 9 | +800.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Greenbank in May 2024, up by 800.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 56% were sold at asking, and 11% were sold over asking.
Days on Market for Greenbank, WA
How long does it take to sell a home in Greenbank, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
77 Days | 37 Days | -52.0% |
Summary: Homes in Greenbank had an average of 37 days on market in May 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Greenbank; 78% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.