Is Port Townsend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Port Townsend has remained a Seller's Market.
Housing Prices in Port Townsend, WA
How much do homes in Port Townsend, WA cost?
Median Sold Price
$677,468
$383/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Port Townsend was $677,468 in June 2024, up 4.2% from last year, and the median price per square foot was $383.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450K | $449.9K | 0% |
2 Bedrooms | $541.2K | $653K | +20.6% |
3 Bedrooms | $695K | $720K | +3.6% |
4 Bedrooms | $772.5K | $797.5K | +3.2% |
5+ Bedrooms | $700K | $1.3M | +96.4% |
Summary: Port Townsend housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 96.4%.
Median Sold Price Compared To Nearby Cities
Port Townsend | $650K | $677.4K | +4.2% |
Discovery Bay-Port Townsend | $650K | $676.3K | +4.1% |
Housing Supply in Port Townsend, WA
How many homes are available in Port Townsend, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
65 | 83 | +27.7% |
Summary: The Port Townsend real estate market had 83 homes for sale in June 2024, a 27.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 8 | +60.0% |
2 Bedrooms | 25 | 27 | +8.0% |
3 Bedrooms | 26 | 36 | +38.5% |
4 Bedrooms | 7 | 9 | +28.6% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Port Townsend housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 8%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
18 | 22 | +22.2% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Port Townsend in June 2024, up by 22.2% month-over-month. Of the 22 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
19 Days | 30 Days | +59.2% |
Summary: Homes in Port Townsend had an average of 30 days on market in Jun 2024, up by 59.2% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During June 2024, 22 homes were sold in Port Townsend; 77% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.