Team Luxe Real Estate | Market Insights

Port Ludlow, WA

Single-Family Homes

206-672-5724 | https://teamluxere.com/



Port Ludlow, WA

Sat Sep 07 2024
This week the median list price for Port Ludlow, WA is $837,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 32. Click here to stay informed with the Port Ludlow market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Port Ludlow, WA

Sat Sep 07 2024
This week the median list price for Port Ludlow, WA is $837,000 with the market action index hovering around 40. This is less than last month's market action index of 41. Inventory has decreased to 32. Click here to stay informed with the Port Ludlow market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Port Ludlow market.
Median List Price $837,000
Median Price of New Listings $440,000
Per Square Foot $356
Average Days on Market 96
Median Days on Market 60
Price Decreased 38%
Price Increased 0%
Relisted 3%
Inventory 32
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,774,500 4,222 1 - 2.5 acres 3 2.8 24 0 0 98
$892,000 2,713 0.5 - 1 acre 3 2 33 0 0 52
$724,500 2,968 0.25 - 0.5 acre 3 2.3 29 0 1 70
$586,500 1,598 0.25 - 0.5 acre 2 1.5 32 1 1 21