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OAK HARBOR, WA 98277

Real Estate Market Report  ·  Island County
Buyer's Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The OAK HARBOR, WA real estate market (98277) currently shows 197 active listings, with 45 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 72 days on market compared to 58 days last year.

The median listing price has fallen 5.1% year-over-year, from $600,375 to $569,975.

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Market Context

Market Context

Population: 40,181  ·  Density: 271.0/mi²  ·  Median household income: $72,441

Typical home value: $413,634  ·  Homeownership: 58.4%

Market Overview

Active Listings
197
⇧ 8.2% vs 182 last year
Pending
45
23% pending ratio
Median Price
$569,975
⇩ 5.1% vs $600,375 last year
Average Price
$696,784
⇩ 1.3% vs $705,644 last year
Days on Market
72
⇧ 24.1% vs 58 days last year

Price Per Square Foot

Median $/sqft
$324
⇧ 2.2% vs $317/sqft last year
Median Home Size
1,796 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 197 this year vs 182 last year
  • Days on market: 72 now vs 58 last year

Median & Average Pricing

Year over Year
  • Median: $569,975 (-5.1% YoY)
  • Average: $696,784 (-1.3% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.8 miles — 436 listings ($498,325,150 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98277Oak Harbor, WA 982770.0 mi113$79,404,422$626,225$702,694
98239Coupeville, WA 982398.9 mi32$23,916,192$650,000$747,381
98221Anacortes, WA 9822113.0 mi88$92,840,704$838,750$1,055,008
98261Lopez Island, WA 9826116.3 mi9$18,142,002$1,325,000$2,015,778
98253Greenbank, WA 9825316.6 mi8$6,204,624$662,450$775,578
98233Burlington, WA 9823318.2 mi29$16,519,415$484,475$569,635
98232Bow, WA 9823219.8 mi7$7,872,550$1,108,750$1,124,650
98249Freeland, WA 9824921.0 mi25$66,849,125$905,250$2,673,965
98368Port Townsend, WA 9836821.6 mi54$53,042,958$689,500$982,277
98280Orcas, WA 9828023.7 mi1$975,000$975,000$975,000
98279Olga, WA 9827924.0 mi4$6,239,000$1,247,000$1,559,750
98262Lummi Island, WA 9826226.0 mi12$13,162,104$729,500$1,096,842
98250Friday Harbor, WA 9825026.8 mi54$113,157,054$1,287,250$2,095,501

Frequently Asked Questions

How many homes are for sale in OAK HARBOR, WA 98277?

As of September 2026, there are 197 active listings in OAK HARBOR, WA (zip code 98277), compared to 182 the prior year.

What is the median home price in OAK HARBOR, WA 98277?

The median listing price in OAK HARBOR, WA 98277 is $569,975 as of September 2026, a 5.1% decrease from $600,375 the prior year.

How long do homes stay on the market in OAK HARBOR, WA?

Homes in OAK HARBOR, WA 98277 spend an average of 72 days on the market before going under contract, compared to 58 days the prior year.

Is it a seller's or buyer's market in OAK HARBOR, WA 98277?

Based on current inventory and days-on-market data as of September 2026, OAK HARBOR, WA 98277 is currently a Buyer's Market. Inventory has increased compared to last year, with 15 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 72 days on market compared to 58 days last year.

How much can I save on real estate commission in OAK HARBOR, WA?

With SELL123.com's maximum 3% commission, sellers in OAK HARBOR, WA 98277 save an estimated $11,400 compared to a typical 5% commission on the median listing price of $569,975. 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.