Port Townsend Home Prices & Values

$271,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.1% 1-year change
  • No data 1-year forecast

The median home value in Port Townsend is $271,700. Port Townsend home values have gone up 2.1% over the past year. The median list price per square foot in Port Townsend is $191, which is higher than the Jefferson County average of $189. The median price of homes currently listed in Port Townsend is $300,000 while the median price of homes that sold is $276,056. The median rent price in Port Townsend is $1,100, which is lower than the Jefferson County median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Port Townsend 3.4 homes are foreclosed (per 10,000). This is lower than the Jefferson County value of 8.8 and also lower than the national value of 4.4

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Port Townsend is 8.5%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Port Townsend homeowners underwater on their mortgage is 10.4%, which is lower than Jefferson County at 11.0%.

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Relative ZHVI
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Port Townsend Market Overview

Data through Jul 31, 2014
  • $271,700 ZHVI
  • No data 1-yr forecast
  • $300,000 Median listing price
  • $276,056 Median sale price
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Port Townsend Market Health

Data through Jul 31, 2014
  • 7.0/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 10.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 8.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.4 homes Port Townsend
8.8 homes Jefferson County
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Nordland $369,500 Hansville $348,700 Greenbank $334,900
Freeland $318,500 Port Ludlow $289,300 Coupeville $279,100
Oak Harbor $231,700 Quilcene $227,900 Port Hadlock $192,200

Listings & Sales

Data through Jul 31, 2014
  • $191 Median list price / sq ft
  • $181 Median sale price / sq ft
  • 32.3% Listings with price cut
23.2%
Sold below listing
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Port Townsend Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,387 Port Townsend
$1,383 Jefferson County
$1,318 United States
  • No data Breakeven horizon
  • $1,100 Rent list price
  • $0.85 Rent list price / sq ft
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