4 hours on RocketTour
$6,234 Closing Credit¹
#2358384, Rowan Mundhenk, Listing Office: Redfin
Tri-Area Housing Market Report March 2025•Jefferson County, Washington
Housing Prices in Tri-Area, WA
How much do homes in Tri-Area, WA cost?
Housing Market Conditions
Is Tri-Area, WA a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Tri-Area is a Seller's Market
Difference Since March 2024
Since last year, Tri-Area has remained a Seller's Market.
Insight
Tri-Area is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$565,000$347/SqFt
+$20,000
+3.7%
Based on all homes sold in the last 12 months
Insight
Homes in Tri-Area have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Tri-Area was $565,000 in March 2025, up 3.7% from last year, and the median price per square foot was $347.
Median Sold Price By Bedrooms
| Beds | Mar 2024 | Mar 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $499.5K | $417K | -16.5% |
| 22 Bedrooms | $525K | $667K | +27.0% |
| 33 Bedrooms | $530.1K | $516K | -2.7% |
| 44 Bedrooms | $725K | $699.3K | -3.5% |
| 55+ Bedrooms | $600K | - | N/A |
Summary: Tri-Area housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -16.5%. The home price for 2 bedroom homes increased by +27.0%. The home price for 3 bedroom homes decreased by -2.7%. The home price for 4 bedroom homes decreased by -3.5%. The home price for 5 bedroom homes did not change.
How does Tri-Area, WA compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Tri-Area, WA
Housing supply in Tri-Area, WA
How many homes are available in Tri-Area, WA?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 23Last MonthMar 2025 | ||
| 142 months agoFeb 2025 | +64.3 % Change MoMFeb – Mar |
Summary: The Tri-Area real estate market had 23 homes for sale in Mar 2025, a 64.3 % increase compared to Feb 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 7Last MonthMar 2025 | ||
| 22 months agoFeb 2025 | +250.0 % Change MoMFeb – Mar |
Homes For Sale By Bedroom Count
| Beds | Feb 2025 | Mar 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 1 | 1 | 0.0% |
| 22 Bedrooms | 6 | 9 | +50.0% |
| 33 Bedrooms | 5 | 11 | +120.0% |
| 44 Bedrooms | 2 | 2 | 0.0% |
| 55+ Bedrooms | 0 | 0 | 0.0% |
Summary: Tri-Area housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +120.0%. 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 Tri-Area, WA cost?
Over Asking Price1 Home
At Asking Price3 Homes
Under Asking Price3 Homes
Insight
If you're buying a home in Tri-Area, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Tri-Area in March 2025, up by 250.0% month-over-month. Of the 7 sold homes, 43% were sold under asking, 43% were sold at asking, and and 14% were sold over asking.
Days on Market for Tri-Area, WA
How long does it take to sell a home in Tri-Area, WA?
Breakdown of Home Sale Times
Under 30 Days2 Homes
30 – 90 Days2 Homes
Over 90 Days3 Homes
Insight
Most homes in Tri-Area are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2025, 7 homes were sold in Tri-Area; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 85 DaysThis YearMar 2025 | ||
| 70 Days1 year agoMar 2024 | +22.3 % Change YoYMar 2024 – Mar 2025 |
Summary: Homes in Tri-Area had an average listing age of 85 days in Mar 2025, up by 22.3% compared to the previous year.
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Newest Listings in Tri-Area, WA
What homes are available in Tri-Area, WA?
6 hours on Rocket
$6,994 Closing Credit¹
#2359073, Terry McHugh, Listing Office: RE/MAX FIRST Inc Port Townsend
5 days on Rocket
$6,282 Closing Credit¹
#2326112, Jim Fox, Listing Office: Windermere R.E. Port Townsend
$10,000 Closing Credit¹
#2356453, Susan Miller, Listing Office: Windermere R.E. Port Townsend
$8,788 Closing Credit¹
#2352915, Terry L. Smith, Listing Office: RE/MAX FIRST Inc Port Townsend
$1,484 Closing Credit¹
#2343937, Susie Haynes, Listing Office: The Agency - Port Townsend
#2353198, Joel Carben, Listing Office: Windermere R.E. Port Townsend
#2351619, Kristen Johnson, Listing Office: CENTURY 21 North Homes Realty
#2349673, Steven E Kraght, Listing Office: John L. Scott, Inc.
$5,807 Closing Credit¹
#2344366, Jim Fox, Listing Office: Windermere R.E. Port Townsend
Tour
$4,738 Closing Credit¹
#2345469, Tim Horvath, Listing Office: RE/MAX FIRST Inc Port Ludlow
$10,000 Closing Credit¹
#2345123, Teri Nomura, Listing Office: Bell Tower Brokers
Nearby markets
Nearby markets aren't available for Tri-Area, WA
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MLS Disclaimers and Copyright
Based on information from Northwest Multiple Listing Service, for the period 04/01/2023 - 04/01/2025
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest Multiple Listing Service 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 © 2025 Northwest MLS. All rights reserved. DMCA Notice
Disclaimer: Information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included. NorthwestMLS
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/16/2025, 9:17:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.