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OAK HARBOR, WA 98277

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The OAK HARBOR, WA real estate market (98277) currently shows 113 active listings, with 48 pending sales. Homes are averaging 52 days on the market before going under contract.

Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 52 days on market compared to 45 days last year.

The median listing price has risen 17.2% year-over-year, from $534,250 to $626,225.

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
113
⇩ 10.3% vs 126 last year
Pending
48
42% pending ratio
Median Price
$626,225
⇧ 17.2% vs $534,250 last year
Average Price
$702,694
⇧ 19.3% vs $588,949 last year
Days on Market
52
⇧ 15.6% vs 45 days last year

Price Per Square Foot

Median $/sqft
$320
⇧ 6% vs $302/sqft last year
Median Home Size
1,859 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 113 this year vs 126 last year
  • Days on market: 52 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $626,225 (+17.2% YoY)
  • Average: $702,694 (+19.3% 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 — 448 listings ($513,380,327 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98277Oak Harbor, WA 982770.0 mi117$79,828,632$634,950$682,296
98239Coupeville, WA 982398.9 mi34$25,259,280$645,000$742,920
98221Anacortes, WA 9822113.0 mi93$97,078,887$825,000$1,043,859
98261Lopez Island, WA 9826116.3 mi9$17,842,095$1,675,000$1,982,455
98253Greenbank, WA 9825316.6 mi9$9,289,854$699,950$1,032,206
98233Burlington, WA 9823318.2 mi30$17,829,570$499,475$594,319
98232Bow, WA 9823219.8 mi8$8,517,712$1,147,500$1,064,714
98249Freeland, WA 9824921.0 mi24$65,974,200$896,000$2,748,925
98368Port Townsend, WA 9836821.6 mi50$51,816,150$750,000$1,036,323
98280Orcas, WA 9828023.7 mi1$1,517,500$1,550,000$1,517,500
98279Olga, WA 9827924.0 mi4$5,968,000$1,095,000$1,492,000
98262Lummi Island, WA 9826226.0 mi13$14,756,079$802,250$1,135,083
98250Friday Harbor, WA 9825026.8 mi56$117,702,368$1,250,000$2,101,828

Frequently Asked Questions

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

As of February 2026, there are 113 active listings in OAK HARBOR, WA (zip code 98277), compared to 126 the prior year.

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

The median listing price in OAK HARBOR, WA 98277 is $626,225 as of February 2026, a 17.2% increase from $534,250 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 52 days on the market before going under contract, compared to 45 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 February 2026, OAK HARBOR, WA 98277 is currently a Balanced Market. Inventory has tightened compared to last year, with 13 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 52 days on market compared to 45 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 $12,525 compared to a typical 5% commission on the median listing price of $626,225. 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.