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PORT TOWNSEND, WA 98368

Real Estate Market Report  ·  Jefferson County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The PORT TOWNSEND, WA real estate market (98368) currently shows 54 active listings, with 17 pending sales. Homes are averaging 80 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 80 days on market compared to 110 days last year.

The median listing price has fallen 22.3% year-over-year, from $887,500 to $689,500.

Whether you are buying or selling in PORT TOWNSEND, WA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 17,046  ·  Density: 125.7/mi²  ·  Median household income: $61,924

Typical home value: $457,516  ·  Homeownership: 76.9%

Market Overview

Active Listings
54
⇧ 25.6% vs 43 last year
Pending
17
31% pending ratio
Median Price
$689,500
⇩ 22.3% vs $887,500 last year
Average Price
$982,277
⇩ 23.3% vs $1,280,462 last year
Days on Market
80
⇩ 27.3% vs 110 days last year

Price Per Square Foot

Median $/sqft
$423
⇧ 1% vs $419/sqft last year
Median Home Size
1,779 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 54 this year vs 43 last year
  • Days on market: 80 now vs 110 last year

Median & Average Pricing

Year over Year
  • Median: $689,500 (-22.3% YoY)
  • Average: $982,277 (-23.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.7 miles — 573 listings ($439,522,559 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
98368Port Townsend, WA 983680.0 mi50$51,816,150$750,000$1,036,323
98325Chimacum, WA 983256.2 mi2$1,900,000$950,000$950,000
98382Sequim, WA 9838210.8 mi144$99,358,704$585,000$689,991
98253Greenbank, WA 9825312.7 mi9$9,289,854$699,950$1,032,206
98239Coupeville, WA 9823913.5 mi34$25,259,280$645,000$742,920
98340Hansville, WA 9834015.9 mi13$12,303,057$749,500$946,389
98260Langley, WA 9826018.2 mi16$14,954,288$869,500$934,643
98346Kingston, WA 9834620.9 mi36$32,167,080$823,695$893,530
98277Oak Harbor, WA 9827721.6 mi117$79,828,632$634,950$682,296
98370Poulsbo, WA 9837022.4 mi100$76,264,200$675,000$762,642
98392Suquamish, WA 9839224.8 mi6$3,517,500$497,500$586,250
98345Keyport, WA 9834525.6 mi4$3,188,000$797,000$797,000
98383Silverdale, WA 9838326.7 mi42$29,675,814$719,995$706,567

Frequently Asked Questions

How many homes are for sale in PORT TOWNSEND, WA 98368?

As of February 2026, there are 54 active listings in PORT TOWNSEND, WA (zip code 98368), compared to 43 the prior year.

What is the median home price in PORT TOWNSEND, WA 98368?

The median listing price in PORT TOWNSEND, WA 98368 is $689,500 as of February 2026, a 22.3% decrease from $887,500 the prior year.

How long do homes stay on the market in PORT TOWNSEND, WA?

Homes in PORT TOWNSEND, WA 98368 spend an average of 80 days on the market before going under contract, compared to 110 days the prior year.

Is it a seller's or buyer's market in PORT TOWNSEND, WA 98368?

Based on current inventory and days-on-market data as of February 2026, PORT TOWNSEND, WA 98368 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 80 days on market compared to 110 days last year.

How much can I save on real estate commission in PORT TOWNSEND, WA?

With SELL123.com's maximum 3% commission, sellers in PORT TOWNSEND, WA 98368 save an estimated $13,790 compared to a typical 5% commission on the median listing price of $689,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.