Is Oak Harbor, WA 98277 a buyer’s or seller’s market?
Oak Harbor is a seller’s market. With about 3.9 months of supply and 43% 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 71% of U.S. ZIP codes, and #76 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 Oak Harbor housing market right now
In the three months ending August 31, 2026, 43% of homes in Oak Harbor, WA 98277 sold above their list price, the typical home went under contract in 21 days and there were 3.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 126 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 52%, homes sold more slowly (19 days then) and the median sale price held steady to $545,294. Overall, Oak Harbor is less competitive than a year ago, which gives buyers more room.
Within Island County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 83%. On our competition score, Oak Harbor ranks #76 of 298 WA ZIP codes with enough sales (score 67 out of 100).
Nearby, buyers who want less competition could look at Clinton 98236 (14% sold over asking) or Freeland 98249 (15% sold over asking).
Run the numbers for 98277
Nearby markets
Camano Island 98282Balanced $396 /sq ftClinton 98236Balanced $423 /sq ftCoupeville 98239Balanced $387 /sq ftFreeland 98249Seller’s market $404 /sq ft Browse all markets →Towns like Oak Harbor nearby
Find towns like Oak Harbor in other states →Where Oak Harbor is
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Questions about Oak Harbor real estate
Is Oak Harbor a buyer’s or seller’s market?
A seller’s market: there were 3.9 months of supply in Oak Harbor, WA 98277 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 Oak Harbor?
The typical home went under contract in 21 days in the latest three months.
Do homes in Oak Harbor sell over asking?
43% of homes sold above their original list price, and the typical sale closed at 99.2% of the list price.
What are property taxes in Oak Harbor?
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 Oak Harbor?
The median sale price was $545,294 in the three months ending August 31, 2026, about $317 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