Is Discovery Bay-Port Townsend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Discovery Bay-Port Townsend has remained a Seller's Market.
Key Takeaway
Discovery Bay-Port Townsend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Discovery Bay-Port Townsend, WA
How much do homes in Discovery Bay-Port Townsend, WA cost?
Median Sold Price
$679,000
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Discovery Bay-Port Townsend have sold for 4.3% more than they did a year ago.
Summary: The median home sold price in Discovery Bay-Port Townsend was $679,000 in May 2024, up 4.3% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $485K | $437.4K | -9.8% |
| 2 Bedrooms | $587.5K | $640K | +8.9% |
| 3 Bedrooms | $688.2K | $724.9K | +5.3% |
| 4 Bedrooms | $772.5K | $797.5K | +3.2% |
| 5+ Bedrooms | $690K | $1.1M | +73.6% |
Summary: Discovery Bay-Port Townsend housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 73.6%.
Median Sold Price Compared To Nearby Cities
| Port Townsend | $650K | $679.5K | +4.5% |
| Discovery Bay-Port Townsend | $650.7K | $679K | +4.3% |
| Oak Bay-Port Ludlow | $597.7K | $600K | 0.4% |
Housing Supply in Discovery Bay-Port Townsend, WA
How many homes are available in Discovery Bay-Port Townsend, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 66 | +6.5% |
Summary: The Discovery Bay-Port Townsend real estate market had 66 homes for sale in May 2024, a 6.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 19 | 27 | +42.1% |
| 3 Bedrooms | 30 | 25 | -16.7% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Discovery Bay-Port Townsend housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 15 | 20 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Discovery Bay-Port Townsend, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Discovery Bay-Port Townsend in May 2024, up by 33.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 35% were sold at asking, and 20% were sold over asking.
Days on Market for Discovery Bay-Port Townsend, WA
How long does it take to sell a home in Discovery Bay-Port Townsend, WA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 54 Days | +38.9% |
Summary: Homes in Discovery Bay-Port Townsend had an average of 54 days on market in May 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Discovery Bay-Port Townsend are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 20 homes were sold in Discovery Bay-Port Townsend; 80% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 15% 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.