Port Townsend Housing Market Report January 2025•Jefferson County, Washington

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Housing Prices in Port Townsend, WA

How much do homes in Port Townsend, WA cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Port Townsend is a Buyer's Market

Difference Since January 2024

Since last year, Port Townsend has remained a Buyer's Market.

Insight

Port Townsend is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$674,995$393/SqFt
-$5
0.0%

Based on all homes sold in the last 12 months

Insight

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 $674,995 in January 2025, the same as last year, and the median price per square foot was $393.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Discovery Bay-Port Townsend
+0.6%
Port Townsend
0.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$459.9K$410K
-10.9%
2$632.7K$656.4K
+3.8%
3$699.9K$707.4K
+1.1%
4$795K$775K
-2.5%
5$1.1M$1.4M
+29.1%

Summary: Port Townsend housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -10.9%. The home price for 2 bedroom homes increased by +3.8%. The home price for 3 bedroom homes increased by +1.1%. The home price for 4 bedroom homes decreased by -2.5%. The home price for 5 bedroom homes increased by +29.1%.

Housing supply in Port Townsend, WA

How many homes are available in Port Townsend, WA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
52Last MonthJan 2025
622 months agoDec 2024
-16.1 %
Change MoMDec – Jan

Summary: The Port Townsend real estate market had 52 homes for sale in Jan 2025, a 16.1 % decrease compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
5Last MonthJan 2025
182 months agoDec 2024
-72.2 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
154
-20.0%
22523
-8.0%
32417
-29.2%
466
0.0%
522
0.0%

Summary: Port Townsend housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -20.0%. The inventory for 2 bedroom homes decreased by -8.0%. The inventory for 3 bedroom homes decreased by -29.2%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Port Townsend, WA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price1 Home

Under Asking Price4 Homes

Insight

If you're buying a home in Port Townsend, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Port Townsend in January 2025, down by 72.2% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and and 0% were sold over asking.

Days on Market for Port Townsend, WA

How long does it take to sell a home in Port Townsend, WA?

Breakdown of Home Sale Times

Under 30 Days2 Homes

30 – 90 Days2 Homes

Over 90 Days1 Home

Insight

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

Summary: During January 2025, 5 homes were sold in Port Townsend; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
52 DaysThis YearJan 2025
36 Days1 year agoJan 2024
+46.7 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Port Townsend had an average listing age of 52 days in Jan 2025, up by 46.7% compared to the previous year.

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Newest Listings in Port Townsend, WA

What homes are available in Port Townsend, WA?

New listings aren’t available for Port Townsend, WA

Nearby markets

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