Market Stats to start 2025

December 2024 Real Estate Market Update: Median Sales Prices in the Pacific Northwest

The real estate market in the Pacific Northwest continues to demonstrate its resilience and vibrancy as we close out 2024. Let’s take a closer look at the median sales prices for December 2024 in four key counties: Island, Skagit, Whatcom, and Snohomish.

Island County: $539,000

Island County maintains its position as an attractive market for buyers seeking scenic coastal living. With a median sales price of $539,000 in December 2024, the area remains more affordable compared to neighboring counties. Island County’s mix of serene landscapes and proximity to urban centers makes it a desirable location for retirees, remote workers, and families alike.

Skagit County: $550,000

Skagit County saw a median sales price of $550,000 in December 2024, reflecting steady growth in its real estate market. Known for its fertile farmlands, vibrant arts scene, and access to outdoor recreation, Skagit County continues to attract both local and out-of-state buyers. Its balance between affordability and lifestyle appeal positions it as a competitive market in the region.

Whatcom County: $570,000

Whatcom County, home to the bustling city of Bellingham, reported a median sales price of $570,000 in December 2024. This figure highlights the growing demand for properties in the area, fueled by its proximity to the Canadian border, natural beauty, and strong local economy. With a mix of urban amenities and outdoor activities, Whatcom County remains a top choice for diverse demographics.

Snohomish County: $734,995

Snohomish County stands out with the highest median sales price in the region at $734,995 for December 2024. This reflects the county’s strong market demand, driven by its proximity to Seattle and growing economic opportunities. Snohomish offers a blend of suburban charm and urban convenience, making it a highly sought-after area for professionals and families.

Key Takeaways

1. Affordability: Island and Skagit Counties continue to provide more budget-friendly options compared to Whatcom and Snohomish Counties.

2. Lifestyle Appeal: Each county offers unique benefits, from coastal living in Island County to the bustling urban-rural balance of Snohomish County.

3. Growth Trends: As median sales prices continue to rise, these counties reflect broader trends in the Pacific Northwest real estate market.

Final Thoughts

The real estate market in these counties remains competitive, with median sales prices showcasing the unique value each area provides. Whether you’re a buyer seeking affordability or a seller looking to capitalize on rising property values, understanding these trends is key to making informed decisions.

Stay tuned for more market insights as we move through 2025!

Look at this chart reflecting the last three years trends for the four counties.  If you are interested in learning more about what your home is worth, reach out and let us know @ lisa@thewilhonengroup.com