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All market snapshots / 98368

Port Townsend, WA 98368 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Port Townsend, WA inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.12
ActiveActive listings: 4040PendingPending sales: 55
Port Townsend, WA: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $759k$759kSoldMedian sold price (last 6 months): $585k$585k
What homes actually sell for in Port Townsend, WA
Distribution of 185 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $460k to $775k
$245k to $353k: 9 sales$245k$353k to $461k: 34 sales$461k to $569k: 38 sales38sales$461k$569k to $678k: 26 sales$678k to $786k: 23 sales$678k$786k to $894k: 12 sales$894k to $1M: 17 sales$894k$1M to $1.11M: 7 salesMedian $585k

What the numbers say

As of October 5, 2026, Resideline is tracking 40 active listings and 5 pending sales in ZIP code 98368. That pending-to-active ratio of 0.12 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $758,750, while the median of the 185 closed sales Resideline tracked over the last six months was $585,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 98368 for 73 days.

Frequently asked questions

What is the median home price in 98368?

The median closed sale price in Port Townsend, WA 98368 was $585,000 over the last six months, based on 185 closed sales tracked by Resideline. The middle half of those sales ranged from $459,950 to $775,000.

Is 98368 a buyer's or seller's market?

Resideline is currently tracking 5 pending sales against 40 active listings in 98368, a pending-to-active ratio of 0.12. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 98368 currently looks like a balanced market.

Nearby ZIP code market data

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