Is Oak Bay-Port Ludlow, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Oak Bay-Port Ludlow was a Seller's Market.
Housing Prices in Oak Bay-Port Ludlow, WA
How much do homes in Oak Bay-Port Ludlow, WA cost?
Median Sold Price
$615,000
$300/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Oak Bay-Port Ludlow was $615,000 in June 2024, up 6.9% from last year, and the median price per square foot was $300.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $530K | $1.0M | +103.6% |
2 Bedrooms | $518.9K | $597K | +15.1% |
3 Bedrooms | $645K | $635K | -1.6% |
4 Bedrooms | $650K | $700K | +7.7% |
5+ Bedrooms | - | $600K | N/A |
Summary: Oak Bay-Port Ludlow housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 103.6%, 2 bedroom homes increased by 15.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Oak Bay-Port Ludlow | $575.5K | $615K | +6.9% |
Discovery Bay-Port Townsend | $650K | $676.3K | +4.1% |
Housing Supply in Oak Bay-Port Ludlow, WA
How many homes are available in Oak Bay-Port Ludlow, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
71 | 87 | +22.5% |
Summary: The Oak Bay-Port Ludlow real estate market had 87 homes for sale in June 2024, a 22.5% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 23 | 26 | +13.0% |
3 Bedrooms | 36 | 48 | +33.3% |
4 Bedrooms | 10 | 11 | +10.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Oak Bay-Port Ludlow housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
9 | 10 | +11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Oak Bay-Port Ludlow in June 2024, up by 11.1% month-over-month. Of the 10 sold homes, 60% were sold under asking, 30% were sold at asking, and 10% were sold over asking.
Days on Market for Oak Bay-Port Ludlow, WA
How long does it take to sell a home in Oak Bay-Port Ludlow, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
24 Days | 78 Days | +217.0% |
Summary: Homes in Oak Bay-Port Ludlow had an average of 78 days on market in Jun 2024, up by 217% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 10 homes were sold in Oak Bay-Port Ludlow; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.