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OAK HARBOR, WA 98277

Real Estate Market Report  ·  Island County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The OAK HARBOR, WA real estate market (98277) currently shows 122 active listings, with 53 pending sales. Homes are averaging 39 days on the market before going under contract.

Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 39 days on market compared to 38 days last year.

The median listing price has risen 26.6% year-over-year, from $511,950 to $647,988.

Whether you are buying or selling in OAK HARBOR, 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 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
122
⇩ 16.4% vs 146 last year
Pending
53
43% pending ratio
Median Price
$647,988
⇧ 26.6% vs $511,950 last year
Average Price
$748,279
⇧ 32.1% vs $566,625 last year
Days on Market
39
⇧ 2.6% vs 38 days last year

Price Per Square Foot

Median $/sqft
$320
⇧ 4.2% vs $307/sqft last year
Median Home Size
1,999 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 122 this year vs 146 last year
  • Days on market: 39 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $647,988 (+26.6% YoY)
  • Average: $748,279 (+32.1% 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 March 2026, there are 122 active listings in OAK HARBOR, WA (zip code 98277), compared to 146 the prior year.

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

The median listing price in OAK HARBOR, WA 98277 is $647,988 as of March 2026, a 26.6% increase from $511,950 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 39 days on the market before going under contract, compared to 38 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 March 2026, OAK HARBOR, WA 98277 is currently a Balanced Market. Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 39 days on market compared to 38 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 $12,960 compared to a typical 5% commission on the median listing price of $647,988. 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.