Team Luxe Real Estate | Market Insights

Port Townsend, WA

Single-Family Homes

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


Port Townsend, WA

Sat Apr 19 2025
This week the median list price for Port Townsend, WA is $1,192,500 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has decreased to 26. Click here to stay informed with the Port Townsend market!

Market Action Index

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

Strong Seller's Market

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Port Townsend, WA

Sat Apr 19 2025
This week the median list price for Port Townsend, WA is $1,192,500 with the market action index hovering around 45. This is less than last month's market action index of 46. Inventory has decreased to 26. Click here to stay informed with the Port Townsend market!

Market Action Index

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

Strong Seller's Market

Market Narrative

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Port Townsend market.
Median List Price $1,192,500
Median Price of New Listings $622,199
Per Square Foot $456
Average Days on Market 141
Median Days on Market 102
Price Decreased 46%
Price Increased 0%
Relisted 8%
Inventory 26
Median Rent
Market Action 45
Strong Seller's Market

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$2,472,500 3,955 0.5 - 1 acre 3 4 40 0 0 220
$1,375,000 2,839 0.25 - 0.5 acre 3 2.5 40 0 0 182
$989,000 2,405 8,000 - 10,000 sqft 3 2 34 0 1 56
$625,000 1,419 4,500 - 6,500 sqft 2 2 21 1 3 28