98249 — Island County, Washington Market Snapshot
Housing market data for zip code 98249 in Island County, Washington. Updated monthly with median prices, days on market, and more.
Market Sales Data
19 sales in 2026 (year to date)
Median Sale Price
$800,000
Days to Sell
27
Homes Sold
19
Inventory
24
Sale-to-List
98.3%
New Listings
37
Price/SqFt
$398
Pending Sales
22
Conforming Loan Available
The median home in 98249 at $800,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Market Insights
Market Temperature
Homes in 98249 are moving quickly at 27 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 98249 (98.3% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
The median home in 98249 at $800,000 falls within the 2026 conforming loan limit of $832,750, but buyers putting less than 5% down may need jumbo financing. This makes down payment strategy especially important in this market.
Loan limits in 98249 are set at the county level.
2026 Loan Limits — Island County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $671,600 |
| 2 Units | $1,066,250 | $859,750 |
| 3 Units | $1,288,800 | $1,039,250 |
| 4 Units | $1,601,750 | $1,291,550 |
Affordability Snapshot — Zip 98249
To purchase the median home at $800,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $6,279.
Monthly Payment
$6,279
Income Required
$269,115
Principal & Interest
$4,929/mo
Down Payment (5%)
$40,000
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 98249.
Estimated Monthly Payment
$5,101
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