$9,500 Closing Credit*
$800,000
1,206 SqFt
2 Beds
•1 Full Bath
Nicole Blasucci, Listing Office: Coldwell Banker Best Homes
Is Port Townsend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$676,045
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,045(+0.2%)
Key Takeaway
The sold price of homes in Port Townsend has remained the same since last year.
Summary: The median home sold price in Port Townsend was $676,045 in October 2024, up 0.2% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $402.7K | -10.5% |
| 2 Bedrooms | $550K | $655K | +19.1% |
| 3 Bedrooms | $699.9K | $712K | +1.7% |
| 4 Bedrooms | $772.5K | $797.5K | +3.2% |
| 5+ Bedrooms | $1.0M | $1.4M | +34.0% |
Summary: Port Townsend housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 34%.
Median Sold Price Compared To Nearby Cities
| Discovery Bay-Port Townsend | $665.4K | $683K | +2.6% |
| Port Townsend | $675K | $676K | 0.2% |
Housing Supply in Port Townsend, WA
How many homes are available in Port Townsend, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 96 | 83 | -13.5% |
Summary: The Port Townsend real estate market had 83 homes for sale in October 2024, a 13.5% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 40 | 32 | -20.0% |
| 3 Bedrooms | 42 | 34 | -19.0% |
| 4 Bedrooms | 3 | 6 | +100.0% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Port Townsend housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 19%, 4 bedroom homes increased by 100%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 22 | -29.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
6 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. 50% of homes here sold below asking price last month.
Summary: A total of 22 homes were sold or pending in Port Townsend in October 2024, down by 29.0% month-over-month. Of the 22 sold homes, 50% were sold under asking, 23% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 53 Days | 42 Days | -20.0% |
Summary: Homes in Port Townsend had an average of 42 days on market in Oct 2024, down by 20% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 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 October 2024, 22 homes were sold in Port Townsend; 59% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 14% 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.