Is Discovery Bay-Port Townsend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Discovery Bay-Port Townsend has remained a Seller's Market.
Housing Prices in Discovery Bay-Port Townsend, WA
How much do homes in Discovery Bay-Port Townsend, WA cost?
Median Sold Price
$679,000
$384/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Discovery Bay-Port Townsend was $679,000 in May 2024, up 4.3% from last year, and the median price per square foot was $384.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $485K | $437.4K | -9.8% |
2 Bedrooms | $587.5K | $640K | +8.9% |
3 Bedrooms | $688.2K | $724.9K | +5.3% |
4 Bedrooms | $772.5K | $797.5K | +3.2% |
5+ Bedrooms | $690K | $1.1M | +73.6% |
Summary: Discovery Bay-Port Townsend housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 8.9%, 3 bedroom homes increased by 5.3%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 73.6%.
Median Sold Price Compared To Nearby Cities
Port Townsend | $650K | $679.5K | +4.5% |
Discovery Bay-Port Townsend | $650.7K | $679K | +4.3% |
Oak Bay-Port Ludlow | $597.7K | $600K | 0.4% |
Housing Supply in Discovery Bay-Port Townsend, WA
How many homes are available in Discovery Bay-Port Townsend, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 66 | +6.5% |
Summary: The Discovery Bay-Port Townsend real estate market had 66 homes for sale in May 2024, a 6.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 6 | 0.0% |
2 Bedrooms | 19 | 27 | +42.1% |
3 Bedrooms | 30 | 25 | -16.7% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Discovery Bay-Port Townsend housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.1%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 20 | +33.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Discovery Bay-Port Townsend in May 2024, up by 33.3% month-over-month. Of the 20 sold homes, 45% were sold under asking, 35% were sold at asking, and 20% were sold over asking.
Days on Market for Discovery Bay-Port Townsend, WA
How long does it take to sell a home in Discovery Bay-Port Townsend, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
39 Days | 54 Days | +38.9% |
Summary: Homes in Discovery Bay-Port Townsend had an average of 54 days on market in May 2024, up by 38.9% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 20 homes were sold in Discovery Bay-Port Townsend; 80% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.