Is Orcas, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Orcas was a Seller's Market.
Housing Prices in Orcas, WA
How much do homes in Orcas, WA cost?
Median Sold Price
$1,055,000
$562/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Orcas was $1,055,000 in May 2024, up 12% from last year, and the median price per square foot was $562.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $895K | $925K | +3.4% |
2 Bedrooms | $860K | $857.5K | -0.3% |
3 Bedrooms | $952.1K | $1.2M | +26.0% |
4 Bedrooms | $1.6M | $1.4M | -16.1% |
5+ Bedrooms | $950K | $2.9M | +213.2% |
Summary: Orcas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.4%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes increased by 26%, 4 bedroom homes decreased by 16.1%, and 5+ bedroom homes increased by 213.2%.
Median Sold Price Compared To Nearby Cities
Eastsound | $940K | $1.0M | +16.3% |
Orcas | $942.1K | $1.0M | +12.0% |
Housing Supply in Orcas, WA
How many homes are available in Orcas, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
44 | 57 | +29.5% |
Summary: The Orcas real estate market had 57 homes for sale in May 2024, a 29.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 7 | +16.7% |
2 Bedrooms | 20 | 24 | +20.0% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Orcas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Orcas in May 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Orcas, WA
How long does it take to sell a home in Orcas, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 89 Days | +127.3% |
Summary: Homes in Orcas had an average of 89 days on market in May 2024, up by 127.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Orcas; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.