Is Blakely Island, WA 98222 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Blakely Island is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Blakely Island housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

San Juan County, WA

Population	121
Median income	$106,333
Average income	$142,183
Median home value	$801,500
Owner-occupied	74% of homes
Median year built	1970

Natural hazard riskFlooding (moderate), earthquakes (moderate), winter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 98222; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 98222

Prefilled for 98222Can I win this house?Multiple-offer likelihood for a listing Prefilled for 98222Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Deer Harbor 98243Seller’s market $397 /sq ft Eastsound 98245Buyer’s market $590 /sq ft Friday Harbor 98250Buyer’s market $492 /sq ft Lopez Island 98261Buyer’s market $760 /sq ft Browse all markets →

Where Blakely Island is

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Questions about Blakely Island real estate

What are property taxes in Blakely Island?

About 0.53% of a home’s value a year in San Juan County, or roughly $2,120 on a $400,000 home.

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More tools for 98222

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value San Juan County property taxes San Juan County loan limits Closing costs in Washington Hottest ZIP codes in Washington

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology