Is Port Townsend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$682,500
$391/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Port Townsend have sold for 5.8% more than they did a year ago.
Summary: The median home sold price in Port Townsend was $682,500 in April 2024, up 5.8% from last year, and the median price per square foot was $391.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $462K | $449K | -2.8% |
| 2 Bedrooms | $537.5K | $645K | +20.0% |
| 3 Bedrooms | $685K | $720K | +5.1% |
| 4 Bedrooms | $750K | $807.5K | +7.7% |
| 5+ Bedrooms | $1.1M | $1.3M | +25.0% |
Summary: Port Townsend housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
| Port Townsend | $645K | $682.5K | +5.8% |
| Discovery Bay-Port Townsend | $650.7K | $682.3K | +4.9% |
Housing Supply in Port Townsend, WA
How many homes are available in Port Townsend, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 56 | 61 | +8.9% |
Summary: The Port Townsend real estate market had 61 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 6 | -25.0% |
| 2 Bedrooms | 15 | 21 | +40.0% |
| 3 Bedrooms | 26 | 28 | +7.7% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Port Townsend housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 7.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Townsend, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Port Townsend in April 2024, the same as the previous month. Of the 15 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 12 Days | 72 Days | +492.4% |
Summary: Homes in Port Townsend had an average of 72 days on market in Apr 2024, up by 492.4% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 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 April 2024, 15 homes were sold in Port Townsend; 40% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 33% 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.