Home Values

Port Townsend Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$272,100

  • 0.5% 1-year change
  • None 1-year forecast

The median home value in Port Townsend is $272,100. Port Townsend home values have gone up 0.5% over the past year. The median list price per square foot in Port Townsend is $195, which is lower than the Jefferson County average of $198. The median price of homes currently listed in Port Townsend is $299,900 while the median price of homes that sold is $267,756.

Foreclosures will be a factor impacting home values in the next several years. In Port Townsend 3.2 homes are foreclosed (per 10,000). This is lower than the Jefferson County value of 3.9 and also lower than the national value of 3.9

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 5.4%, which is lower than the national value of 6.3%. 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 10.1%, which is lower than Jefferson County at 10.5%.

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Relative ZHVI
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Port Townsend Market Overview

Data through Feb 28, 2015
  • $272,100 ZHVI
  • No data 1-yr forecast
  • $299,900 Median listing price
  • $267,756 Median sale price
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Port Townsend Market Health

Data through Feb 28, 2015
  • 3.8/10 Less healthy
    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
  • 10.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.4% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.2 homes Port Townsend
3.9 homes Jefferson County
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Nordland $340,500
Hansville $330,400
Greenbank $320,900
Name Median ZHVI
Freeland $307,200
Port Ludlow $288,500
Coupeville $272,000
Name Median ZHVI
Oak Harbor $220,900
Quilcene $216,200
Port Hadlock $183,700

Listings & Sales

Data through Feb 28, 2015
  • $195 Median list price / sq ft
  • $185 Median sale price / sq ft
  • 5.6% Listings with price cut
37.1%
Sold below listing
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Port Townsend Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,384 Port Townsend
    $1,382 Jefferson County
    $1,355 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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