ZIP 98297 housing market
Data through Jan 2026 · Balanced market · leverage 37
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Buyer Leverage Score
37
Oct 2022
Months of Supply
6.1 months
Oct 2019
Days on Market
63 days
Oct 2022
Price Cut %
0.0%
Sep 2022
Sale-to-List Ratio
92.0%
Feb 2025
Expected Disaster Loss
$120
Dec 2025
What this means
- Supply. Listings are 100% below the 2017-19 norm and falling (−100% vs. a year ago): still a tight market.
- Negotiating. Buyer leverage is moderate (37/100; U.S.: 54) (as of Oct 2022): homes sell for about 8.0% below their final list price (as of Feb 2025); 0% of listings had a price cut (U.S.: 26%) (as of Sep 2022).
- Disaster risk. FEMA expects about $120 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
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Other ZIP codes in San Juan County, WA
| Area | Home value | 1-year change | Buyer leverage |
|---|---|---|---|
| Friday Harbor, WA 98250 | $885K | +0.5% | 79 |
| Eastsound, WA 98245 | $926.6K | +2.4% | 85 |
| Lopez, WA 98261 | $866.5K | −1.9% | 85 |
| Olga, WA 98279 | $935.2K | +2.9% | 31 |
| Orcas, WA 98280 | $1.4M | +7.1% | 45 |
| Deer Harbor, WA 98243 | – | – | 29 |
| Shaw Island, WA 98286 | $1.1M | +7.0% | 53 |
| Blakely Island, WA 98222 | $900.1K | −2.6% | 67 |