Is Port Angeles, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Angeles is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Port Angeles has remained a Seller's Market.

Key Takeaway

Port Angeles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Port Angeles, WA

How much do homes in Port Angeles, WA cost?

Median Sold Price

$425,000

$283/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$40,000(+10.4%)

Key Takeaway

Homes in Port Angeles have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Port Angeles was $425,000 in February 2024, up 10.4% from last year, and the median price per square foot was $283.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $249.9K$251K
0.4%
2 $310K$315.1K
+1.6%
3 $392.2K$439.9K
+12.1%
4 $437.5K$436.5K
-0.2%
5+ $515K$610K
+18.4%

Summary: Port Angeles housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 18.4%.

Housing Supply in Port Angeles, WA

How many homes are available in Port Angeles, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5165+27.5%

Summary: The Port Angeles real estate market had 65 homes for sale in February 2024, a 27.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 35
+66.7%
2 610
+66.7%
3 3340
+21.2%
4 89
+12.5%
5+ 11
0.0%

Summary: The Port Angeles housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 21.2%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
419+375.0%

Asking Price vs. Sold Price

12 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Angeles, you may be able to get a good deal. 63.2% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Port Angeles in February 2024, up by 375.0% month-over-month. Of the 19 sold homes, 63% were sold under asking, 26% were sold at asking, and 11% were sold over asking.

Days on Market for Port Angeles, WA

How long does it take to sell a home in Port Angeles, WA?

Average Sale Time

Feb 2023Feb 2024CHANGE
42 Days52 Days+23.6%

Summary: Homes in Port Angeles had an average of 52 days on market in Feb 2024, up by 23.6% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Port Angeles are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 19 homes were sold in Port Angeles; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% 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 3 Days Ago

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