Whidbey Island Real Estate Market: December 2024 Stats and 2025 Insights

The real estate market on Whidbey Island continues to evolve, presenting both opportunities and challenges for buyers, sellers, and investors. To help you navigate the landscape, here’s an in-depth look at recent trends and what they might mean for the year ahead.

Market Highlights: December 2024 vs. December 2023

Island County experienced notable growth across key metrics, signaling a dynamic and competitive market:

• New Listings: 82 new properties hit the market, representing a 9.3% increase compared to December 2023. This growth indicates a rising supply, offering more options for buyers.

• Active Listings: There were 387 active listings, up 19.1% from the previous year. This surge suggests a healthier inventory, which could help balance the market.

• Pending Homes: A total of 77 homes went under contract, marking a 16.7% increase. This uptick reflects strong buyer demand despite the growing inventory.

• Sold Homes: 102 homes closed in December 2024, a 15.9% rise year-over-year. The increase in sales underscores sustained interest in Whidbey Island real estate.

• Median Sales Price: The median price reached $585,000, up 9.35% from the previous year. This substantial growth highlights the island’s continued desirability and value appreciation.

(Note: Real estate data is reported one month behind, so the latest figures represent December 2024 activity.)

What These Trends Mean for 2025

For Buyers:

The increase in active and new listings means you’ll have more choices when searching for your dream home. However, rising prices suggest competition remains high, so working with a knowledgeable Whidbey Island realtor is crucial to securing the right property.

For Sellers:

With buyer demand and median sales prices on the rise, now is a great time to consider listing your home. Proper staging and pricing strategies can help your property stand out in this growing market.

For Investors:

The upward trend in both inventory and sales prices makes Whidbey Island a promising market for long-term investments. Vacation rentals and second homes are particularly attractive given the area’s popularity.

Why Work with the Zimmerman Home Team

Navigating the nuances of the Whidbey Island real estate market requires expertise, local insights, and a personalized approach. The Zimmerman Home Team is committed to helping you achieve your real estate goals, whether you’re buying, selling, or investing.

With our in-depth market knowledge, military relocation expertise, and proficiency in virtual showings, we make the process seamless and stress-free.

Ready to Explore the Whidbey Island Market?

Let us guide you through the opportunities this market has to offer. Contact us today to start your journey!