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 March 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
$599,000
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Oak Bay-Port Ludlow was $599,000 in March 2024, up 0.3% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $465K | $786.5K | +69.1% |
2 Bedrooms | $500K | $570K | +14.0% |
3 Bedrooms | $655.5K | $610K | -6.9% |
4 Bedrooms | $680K | $635K | -6.6% |
5+ Bedrooms | - | $600K | N/A |
Summary: Oak Bay-Port Ludlow housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 69.1%, 2 bedroom homes increased by 14%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 6.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Discovery Bay-Port Townsend | $666K | $682K | +2.4% |
Oak Bay-Port Ludlow | $597.2K | $599K | 0.3% |
Housing Supply in Oak Bay-Port Ludlow, WA
How many homes are available in Oak Bay-Port Ludlow, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
50 | 49 | -2.0% |
Summary: The Oak Bay-Port Ludlow real estate market had 49 homes for sale in March 2024, a 2.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 27 | 23 | -14.8% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Oak Bay-Port Ludlow housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 5.9%, 3 bedroom homes decreased by 14.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 8 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Oak Bay-Port Ludlow in March 2024, down by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
62 Days | 98 Days | +58.9% |
Summary: Homes in Oak Bay-Port Ludlow had an average of 98 days on market in Mar 2024, up by 58.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 8 homes were sold in Oak Bay-Port Ludlow; 25% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 63% of homes were sold over 90 days.