Is Discovery Bay-Port Townsend, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Discovery Bay-Port Townsend is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Discovery Bay-Port Townsend has remained a Seller's Market.

Key Takeaway

Discovery Bay-Port Townsend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Discovery Bay-Port Townsend, WA

How much do homes in Discovery Bay-Port Townsend, WA cost?

Median Sold Price

$679,000

$384/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$28,250(+4.3%)

Key Takeaway

Homes in Discovery Bay-Port Townsend have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Discovery Bay-Port Townsend was $679,000 in May 2024, up 4.3% from last year, and the median price per square foot was $384.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $485K$437.4K
-9.8%
2 $587.5K$640K
+8.9%
3 $688.2K$724.9K
+5.3%
4 $772.5K$797.5K
+3.2%
5+ $690K$1.1M
+73.6%

Summary: Discovery Bay-Port Townsend housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 73.6%.

Median Sold Price Compared To Nearby Cities

Port Townsend
+4.5%
Discovery Bay-Port Townsend
+4.3%
Oak Bay-Port Ludlow
0.4%

Housing Supply in Discovery Bay-Port Townsend, WA

How many homes are available in Discovery Bay-Port Townsend, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6266+6.5%

Summary: The Discovery Bay-Port Townsend real estate market had 66 homes for sale in May 2024, a 6.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 66
0.0%
2 1927
+42.1%
3 3025
-16.7%
4 66
0.0%
5+ 12
+100.0%

Summary: The Discovery Bay-Port Townsend housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
1520+33.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Discovery Bay-Port Townsend, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Discovery Bay-Port Townsend in May 2024, up by 33.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 35% were sold at asking, and 20% were sold over asking.

Days on Market for Discovery Bay-Port Townsend, WA

How long does it take to sell a home in Discovery Bay-Port Townsend, WA?

Average Sale Time

May 2023May 2024CHANGE
39 Days54 Days+38.9%

Summary: Homes in Discovery Bay-Port Townsend had an average of 54 days on market in May 2024, up by 38.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Discovery Bay-Port Townsend are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 20 homes were sold in Discovery Bay-Port Townsend; 80% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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