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LOPEZ ISLAND, WA 98261

Real Estate Market Report  ·  San Juan County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
9
⇩ 25% vs 12 last year
Pending
0
0% pending ratio
Median Price
$1,675,000
⇧ 22.4% vs $1,368,750 last year
Average Price
$1,982,455
⇧ 40.7% vs $1,408,980 last year
Days on Market
186
⇧ 53.7% vs 121 days last year

Market Context

Population: 3,112  ·  Density: 40.3/mi²  ·  Median household income: $73,077

Typical home value: $631,570  ·  Homeownership: 78.1%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The LOPEZ ISLAND, WA real estate market (98261) currently shows 9 active listings. Homes are averaging 186 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 186 days on market compared to 121 days last year.

The median listing price has risen 22.4% year-over-year, from $1,368,750 to $1,675,000.

Whether you are buying or selling in LOPEZ ISLAND, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 9 this year vs 12 last year
  • Days on market: 186 now vs 121 last year

Median & Average Pricing

Year over Year
  • Median: $1,675,000 (+22.4% YoY)
  • Average: $1,982,455 (+40.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 32.0 miles — 676 listings ($575,657,266 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98261Lopez Island, WA 982610.0 mi9$17,842,095$1,675,000$1,982,455
98280Orcas, WA 982808.7 mi1$1,517,500$1,550,000$1,517,500
98221Anacortes, WA 9822110.6 mi93$97,078,887$825,000$1,043,859
98279Olga, WA 9827911.7 mi4$5,968,000$1,095,000$1,492,000
98277Oak Harbor, WA 9827716.3 mi117$79,828,632$634,950$682,296
98257La Conner, WA 9825717.8 mi29$19,878,746$460,000$685,474
98239Coupeville, WA 9823922.9 mi34$25,259,280$645,000$742,920
98233Burlington, WA 9823324.4 mi30$17,829,570$499,475$594,319
98229Bellingham, WA 9822926.1 mi82$95,535,576$766,000$1,165,068
98248Ferndale, WA 9824828.9 mi76$58,916,036$719,900$775,211
98226Bellingham, WA 9822630.3 mi142$99,095,836$589,000$697,858
98368Port Townsend, WA 9836830.8 mi50$51,816,150$750,000$1,036,323
98339Port Hadlock, WA 9833932.0 mi9$5,090,958$574,555$565,662

Frequently Asked Questions

How many homes are for sale in LOPEZ ISLAND, WA 98261?

As of January 2026, there are 9 active listings in LOPEZ ISLAND, WA (zip code 98261), compared to 12 the prior year.

What is the median home price in LOPEZ ISLAND, WA 98261?

The median listing price in LOPEZ ISLAND, WA 98261 is $1,675,000 as of January 2026, a 22.4% increase from $1,368,750 the prior year.

How long do homes stay on the market in LOPEZ ISLAND, WA?

Homes in LOPEZ ISLAND, WA 98261 spend an average of 186 days on the market before going under contract, compared to 121 days the prior year.

Is it a seller's or buyer's market in LOPEZ ISLAND, WA 98261?

Based on current inventory and days-on-market data as of January 2026, LOPEZ ISLAND, WA 98261 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 186 days on market compared to 121 days last year.

How much can I save on real estate commission in LOPEZ ISLAND, WA?

With SELL123.com's maximum 3% commission, sellers in LOPEZ ISLAND, WA 98261 save an estimated $33,500 compared to a typical 5% commission on the median listing price of $1,675,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.