Is Port Townsend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Port Townsend has remained a Seller's Market.
Key Takeaway
Port Townsend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Townsend, WA
How much do homes in Port Townsend, WA cost?
Median Sold Price
$683,000
$389/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Port Townsend have sold for 5.1% more than they did a year ago.
Summary: The median home sold price in Port Townsend was $683,000 in March 2024, up 5.1% from last year, and the median price per square foot was $389.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $462K | $449.9K | -2.6% |
| 2 Bedrooms | $537.5K | $642.5K | +19.5% |
| 3 Bedrooms | $685.7K | $722.4K | +5.4% |
| 4 Bedrooms | $799.5K | $795K | -0.6% |
| 5+ Bedrooms | $1.1M | $1.3M | +25.0% |
Summary: Port Townsend housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.6%, 2 bedroom homes increased by 19.5%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Port Townsend | $650K | $683K | +5.1% |
| Discovery Bay-Port Townsend | $666K | $682K | +2.4% |
Housing Supply in Port Townsend, WA
How many homes are available in Port Townsend, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 55 | 53 | -3.6% |
Summary: The Port Townsend real estate market had 53 homes for sale in March 2024, a 3.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 7 | +40.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 28 | 27 | -3.6% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Port Townsend housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 14 | +7.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Townsend, expect to pay close to the asking price. 35.7% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Port Townsend in March 2024, up by 7.7% month-over-month. Of the 14 sold homes, 29% were sold under asking, 36% were sold at asking, and 36% were sold over asking.
Days on Market for Port Townsend, WA
How long does it take to sell a home in Port Townsend, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 37 Days | 21 Days | -40.9% |
Summary: Homes in Port Townsend had an average of 21 days on market in Mar 2024, down by 40.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Townsend are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Port Townsend; 79% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.