Is Oak Harbor, 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, Oak Harbor has remained a Seller's Market.
Housing Prices in Oak Harbor, WA
How much do homes in Oak Harbor, WA cost?
Median Sold Price
$494,999
$295/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oak Harbor was $494,999 in May 2024, up 8.8% from last year, and the median price per square foot was $295.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $220K | $367.5K | +67.0% |
2 Bedrooms | $343K | $396K | +15.5% |
3 Bedrooms | $457.6K | $490K | +7.1% |
4 Bedrooms | $540K | $595.4K | +10.3% |
5+ Bedrooms | $543.5K | $515K | -5.2% |
Summary: Oak Harbor housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67%, 2 bedroom homes increased by 15.5%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes decreased by 5.2%.
Median Sold Price Compared To Nearby Cities
Oak Harbor | $455K | $494.9K | +8.8% |
North Whidbey Island | $469.3K | $494.9K | +5.5% |
Housing Supply in Oak Harbor, WA
How many homes are available in Oak Harbor, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
161 | 184 | +14.3% |
Summary: The Oak Harbor real estate market had 184 homes for sale in May 2024, a 14.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 30 | 37 | +23.3% |
3 Bedrooms | 98 | 98 | 0.0% |
4 Bedrooms | 27 | 38 | +40.7% |
5+ Bedrooms | 3 | 6 | +100.0% |
Summary: The Oak Harbor housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 23.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 40.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
36 | 54 | +50.0% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 54 homes were sold or pending in Oak Harbor in May 2024, up by 50.0% month-over-month. Of the 54 sold homes, 31% were sold under asking, 35% were sold at asking, and 33% were sold over asking.
Days on Market for Oak Harbor, WA
How long does it take to sell a home in Oak Harbor, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
32 Days | 35 Days | +7.1% |
Summary: Homes in Oak Harbor had an average of 35 days on market in May 2024, up by 7.1% compared to last year.
Breakdown of Home Sale Times
40 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During May 2024, 54 homes were sold in Oak Harbor; 74% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.