Is Freeland, WA 98249 a buyer’s or seller’s market?
Freeland is a seller’s market. With about 3.8 months of supply and 15% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 45% of U.S. ZIP codes, and #226 of 298 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Freeland housing market right now
In the three months ending August 31, 2026, 15% of homes in Freeland, WA 98249 sold above their list price, the typical home went under contract in 12 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 28 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (14% then), homes sold about as fast and the median sale price rose 11% to $724,686. Overall, Freeland is about as competitive as it was a year ago.
Within Island County, homes here sell faster than in any other ZIP code in the county, and sell less often over asking than in 83%. On our competition score, Freeland ranks #226 of 298 WA ZIP codes with enough sales (score 45 out of 100).
Nearby, Coupeville 98239 (45% sold over asking) and Oak Harbor 98277 (43% sold over asking) are even more competitive.
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Nearby markets
Camano Island 98282Balanced $396 /sq ftClinton 98236Balanced $423 /sq ftCoupeville 98239Balanced $387 /sq ftGreenbank 98253Seller’s market $542 /sq ft Browse all markets →Towns like Freeland nearby
Find towns like Freeland in other states →Where Freeland is
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Questions about Freeland real estate
Is Freeland a buyer’s or seller’s market?
A seller’s market: there were 3.8 months of supply in Freeland, WA 98249 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Freeland?
The typical home went under contract in 12 days in the latest three months.
Do homes in Freeland sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 97.4% of the list price.
What are property taxes in Freeland?
About 0.67% of a home’s value a year in Island County, or roughly $2,680 on a $400,000 home.
What is the median home price in Freeland?
The median sale price was $724,686 in the three months ending August 31, 2026, about $404 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology