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 April 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

$427,606

$286/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$42,606(+11.1%)

Key Takeaway

Homes in Port Angeles have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Port Angeles was $427,606 in April 2024, up 11.1% from last year, and the median price per square foot was $286.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $254.9K$285K
+11.8%
2 $307.7K$329K
+6.9%
3 $398.5K$439K
+10.2%
4 $440K$455K
+3.4%
5+ $495K$595K
+20.2%

Summary: Port Angeles housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 10.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 20.2%.

Housing Supply in Port Angeles, WA

How many homes are available in Port Angeles, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
92106+15.2%

Summary: The Port Angeles real estate market had 106 homes for sale in April 2024, a 15.2% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 38
+166.7%
2 2426
+8.3%
3 4648
+4.3%
4 1416
+14.3%
5+ 58
+60.0%

Summary: The Port Angeles housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 166.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 60%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2431+29.2%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Angeles, you could pay more than the asking price. 41.9% of homes here sold above asking price last month.

Summary: A total of 31 homes were sold or pending in Port Angeles in April 2024, up by 29.2% month-over-month. Of the 31 sold homes, 29% were sold under asking, 29% were sold at asking, and 42% 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

Apr 2023Apr 2024CHANGE
28 Days18 Days-36.1%

Summary: Homes in Port Angeles had an average of 18 days on market in Apr 2024, down by 36.1% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 April 2024, 31 homes were sold in Port Angeles; 90% of homes were sold within 30 days, 6% of homes were sold within 30 to 90 days, and 3% 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 16 Days Ago

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