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 May 2023
Since last year, South Whidbey Island has remained a Seller's Market.
Housing Prices in South Whidbey Island, WA
How much do homes in South Whidbey Island, WA cost?
Median Sold Price
$748,450
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Whidbey Island was $748,450 in May 2024, up 5.1% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $650K | $780K | +20.0% |
2 Bedrooms | $655K | $705K | +7.6% |
3 Bedrooms | $757.5K | $751K | -0.9% |
4 Bedrooms | $900K | $985K | +9.4% |
5+ Bedrooms | $525K | $875K | +66.7% |
Summary: South Whidbey Island housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 7.6%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 66.7%.
Median Sold Price Compared To Nearby Cities
Langley | $780K | $838.8K | +7.5% |
Central Whidbey Island | $588.7K | $630K | +7.0% |
South Whidbey Island | $712.4K | $748.4K | +5.1% |
Housing Supply in South Whidbey Island, WA
How many homes are available in South Whidbey Island, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
102 | 125 | +22.5% |
Summary: The South Whidbey Island real estate market had 125 homes for sale in May 2024, a 22.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 9 | +12.5% |
2 Bedrooms | 39 | 53 | +35.9% |
3 Bedrooms | 52 | 58 | +11.5% |
4 Bedrooms | 2 | 3 | +50.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The South Whidbey Island housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 35.9%, 3 bedroom homes increased by 11.5%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 25 | +78.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in South Whidbey Island in May 2024, up by 78.6% month-over-month. Of the 25 sold homes, 36% were sold under asking, 32% were sold at asking, and 32% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 34 Days | 0.4% |
Summary: Homes in South Whidbey Island had an average of 34 days on market in May 2024, up by 0.4% compared to last year.
Breakdown of Home Sale Times
17 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, 25 homes were sold in South Whidbey Island; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.