Is Discovery Bay-Port Townsend, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Discovery Bay-Port Townsend is a seller's market

Buyer's
Market

Difference Since November 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

$680,423

$379/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$18,307(+2.8%)

Key Takeaway

Homes in Discovery Bay-Port Townsend have sold for 2.8% more than they did a year ago.

Summary: The median home sold price in Discovery Bay-Port Townsend was $680,423 in November 2024, up 2.8% from last year, and the median price per square foot was $379.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $470K$405K
-13.8%
2 $585K$662.4K
+13.2%
3 $704.4K$711.2K
+1.0%
4 $739K$837.5K
+13.3%
5+ $1.0M$1.4M
+34.0%

Summary: Discovery Bay-Port Townsend housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 13.2%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 34%.

Median Sold Price Compared To Nearby Cities

Discovery Bay-Port Townsend
+2.8%
Port Hadlock
+1.2%
Oak Bay-Port Ludlow
+0.8%
Port Townsend
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

Oct 2024Nov 2024CHANGE
8880-9.1%

Summary: The Discovery Bay-Port Townsend real estate market had 80 homes for sale in November 2024, a 9.1% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 88
0.0%
2 3431
-8.8%
3 3833
-13.2%
4 66
0.0%
5+ 22
0.0%

Summary: The Discovery Bay-Port Townsend housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 8.8%, 3 bedroom homes decreased by 13.2%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2219-13.6%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Discovery Bay-Port Townsend, you may be able to get a good deal. 68.4% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Discovery Bay-Port Townsend in November 2024, down by 13.6% month-over-month. Of the 19 sold homes, 68% were sold under asking, 11% were sold at asking, and 21% 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

Nov 2023Nov 2024CHANGE
30 Days74 Days+149.3%

Summary: Homes in Discovery Bay-Port Townsend had an average of 74 days on market in Nov 2024, up by 149.3% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Discovery Bay-Port Townsend are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 19 homes were sold in Discovery Bay-Port Townsend; 47% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 26% 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 17 Days Ago

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