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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Port Angeles is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Port Angeles has remained a Seller's Market.

Key Takeaway

Port Angeles is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Port Angeles, WA

How much do homes in Port Angeles, WA cost?

Median Sold Price

$426,737

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$35,237(+9.0%)

Key Takeaway

Homes in Port Angeles have sold for 9% more than they did a year ago.

Summary: The median home sold price in Port Angeles was $426,737 in May 2024, up 9% from last year, and the median price per square foot was $284.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $254.9K$309K
+21.2%
2 $313K$329.9K
+5.4%
3 $400K$439.9K
+10.0%
4 $460K$445K
-3.3%
5+ $515K$498.7K
-3.2%

Summary: Port Angeles housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.2%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 10%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 3.2%.

Housing Supply in Port Angeles, WA

How many homes are available in Port Angeles, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
107122+14.0%

Summary: The Port Angeles real estate market had 122 homes for sale in May 2024, a 14.0% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 99
0.0%
2 2523
-8.0%
3 4964
+30.6%
4 1620
+25.0%
5+ 86
-25.0%

Summary: The Port Angeles 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 decreased by 8%, 3 bedroom homes increased by 30.6%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 25%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3135+12.9%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Port Angeles, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Port Angeles in May 2024, up by 12.9% month-over-month. Of the 35 sold homes, 40% were sold under asking, 26% were sold at asking, and 34% were sold over asking.

Days on Market for Port Angeles, WA

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

Average Sale Time

May 2023May 2024CHANGE
38 Days28 Days-26.0%

Summary: Homes in Port Angeles had an average of 28 days on market in May 2024, down by 26% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 35 homes were sold in Port Angeles; 69% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 9 Days Ago

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