$4,976 Closing Credit*
$419,000
1,404 SqFt
3 Beds
•2 Full Baths
Jeff Ashmore, Listing Office: Ideal Real Estate
Is Oak Bay-Port Ludlow, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Oak Bay-Port Ludlow has remained a Seller's Market.
Key Takeaway
Oak Bay-Port Ludlow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Oak Bay-Port Ludlow, WA
How much do homes in Oak Bay-Port Ludlow, WA cost?
Median Sold Price
$600,000
$319/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$5,000(+0.8%)
Key Takeaway
Homes in Oak Bay-Port Ludlow have sold for 0.8% more than they did a year ago.
Summary: The median home sold price in Oak Bay-Port Ludlow was $600,000 in November 2024, up 0.8% from last year, and the median price per square foot was $319.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $575K | $700K | +21.7% |
| 2 Bedrooms | $591.7K | $600K | +1.4% |
| 3 Bedrooms | $604.5K | $575.5K | -4.8% |
| 4 Bedrooms | $615K | $627.5K | +2.0% |
| 5+ Bedrooms | - | $600K | N/A |
Summary: Oak Bay-Port Ludlow housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 1.4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes increased by 2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Discovery Bay-Port Townsend | $662.1K | $680.4K | +2.8% |
| Port Hadlock | $414K | $419K | +1.2% |
| Oak Bay-Port Ludlow | $595K | $600K | +0.8% |
Housing Supply in Oak Bay-Port Ludlow, WA
How many homes are available in Oak Bay-Port Ludlow, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 65 | -12.2% |
Summary: The Oak Bay-Port Ludlow real estate market had 65 homes for sale in November 2024, a 12.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 23 | 23 | 0.0% |
| 3 Bedrooms | 38 | 32 | -15.8% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Oak Bay-Port Ludlow housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 15.8%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 12 | -29.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Oak Bay-Port Ludlow, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Oak Bay-Port Ludlow in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 58% were sold under asking, 17% were sold at asking, and 25% were sold over asking.
Days on Market for Oak Bay-Port Ludlow, WA
How long does it take to sell a home in Oak Bay-Port Ludlow, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 92 Days | +441.7% |
Summary: Homes in Oak Bay-Port Ludlow had an average of 92 days on market in Nov 2024, up by 441.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak Bay-Port Ludlow are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Oak Bay-Port Ludlow; 42% of homes were sold within 30 days, 25% 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.