Oak Bay-Port Ludlow Housing Market Report January 2025•Jefferson County, Washington
Housing Prices in Oak Bay-Port Ludlow, WA
How much do homes in Oak Bay-Port Ludlow, WA cost?
Housing Market Conditions
Is Oak Bay-Port Ludlow, WA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Oak Bay-Port Ludlow is a Seller's Market
Difference Since January 2024
Since last year, Oak Bay-Port Ludlow has remained a Seller's Market.
Oak Bay-Port Ludlow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Oak Bay-Port Ludlow have sold for 3.2% less than they did a year ago.
Summary: The median home sold price in Oak Bay-Port Ludlow was $600,000 in January 2025, down 3.2% from last year, and the median price per square foot was $319.
Median Sold Price By City
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Discovery Bay-Port Townsend | $671.2K | $675.5K | +0.6% |
| Oak Bay-Port Ludlow | $620K | $600K | -3.2% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $786.5K | $700K | -11.0% |
| 22 Bedrooms | $597K | $600K | 0.5% |
| 33 Bedrooms | $639K | $569.7K | -10.8% |
| 44 Bedrooms | $700K | $620K | -11.4% |
| 55+ Bedrooms | - | $600K | N/A |
Summary: Oak Bay-Port Ludlow housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -11.0%. The home price for 2 bedroom homes increased by 0.5%. The home price for 3 bedroom homes decreased by -10.8%. The home price for 4 bedroom homes decreased by -11.4%. The home price for 5 bedroom homes did not change.
Housing supply in Oak Bay-Port Ludlow, WA
How many homes are available in Oak Bay-Port Ludlow, WA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 45Last MonthJan 2025 | ||
| 472 months agoDec 2024 | -4.3 % Change MoMDec – Jan |
Summary: The Oak Bay-Port Ludlow real estate market had 45 homes for sale in Jan 2025, a 4.3 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 9Last MonthJan 2025 | ||
| 102 months agoDec 2024 | -10.0 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 3 | 4 | +33.3% |
| 22 Bedrooms | 16 | 12 | -25.0% |
| 33 Bedrooms | 24 | 24 | 0.0% |
| 44 Bedrooms | 3 | 3 | 0.0% |
| 55+ Bedrooms | 1 | 2 | +100.0% |
Summary: Oak Bay-Port Ludlow housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes decreased by -25.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.
Asking Price vs. Sold Price
How much do homes in Oak Bay-Port Ludlow, WA cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price7 Homes
If you're buying a home in Oak Bay-Port Ludlow, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Oak Bay-Port Ludlow in January 2025, down by 10.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and and 0% 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?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days4 Homes
Over 90 Days3 Homes
Avg time on Rocket Homes in Oak Bay-Port Ludlow has remained consistent over time.
Summary: During January 2025, 9 homes were sold in Oak Bay-Port Ludlow; 22% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 72 DaysThis YearJan 2025 | ||
| 54 Days1 year agoJan 2024 | +32.8 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Oak Bay-Port Ludlow had an average listing age of 72 days in Jan 2025, up by 32.8% compared to the previous year.
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Newest Listings in Oak Bay-Port Ludlow, WA
What homes are available in Oak Bay-Port Ludlow, WA?
New listings aren’t available for Oak Bay-Port Ludlow, WA
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