Port Angeles, WA Housing Market
AI-powered market intelligence for the Port Angeles, WA metro area.
PropertyIQ Scores
Port Angeles, WA Market Analysis
Market Overview
Port Angeles presents a weak housing market overall, reflected in a PropertyIQ Score of 24 out of 100. The score is shaped by several cooling signals: 12-month home value momentum of 3.23%, 3-month home value momentum of -1.13%, a median 54 days on market, and a 24.0% share of listings with a price cut. While the 12-month figure is positive, the recent three-month decline shows that short-term price momentum has turned negative. This combination points to a market where conditions are softening.
Compared with state benchmarks, Port Angeles has a median home value of $499,173, which is below the Washington average of $601,545. However, the local median household income of $67,999 is also well below the state average of $94,952, so the lower home prices do not necessarily translate into stronger affordability for local residents. The rent index of $1,926 is above the state average of $1,682, meaning rental costs are comparatively elevated. Unemployment is 5.2%, exactly matching the state average. Overall, Port Angeles is not a high-momentum market; it is better described as a weak to moderate market with buyer-friendly conditions.
Key Trends
The clearest trend is cooling price momentum. The 12-month home value momentum is 3.23%, indicating some appreciation over the past year, but the 3-month momentum is -1.13%. That means prices have recently slipped after a period of modest growth. The data also lists the year-over-year home value change as $0, which conflicts with a positive 12-month momentum. Because of that inconsistency, the momentum figures are the most useful price signal, and they point to a recent slowdown.
A second trend is slower sales activity and rising seller concessions. The median days on market is 54 days, which suggests homes are taking almost two months to sell. At the same time, 24.0% of listings have had a price cut. With 373 homes for sale, buyers have enough inventory to be selective, and many sellers are adjusting their pricing to attract offers.
Third, there is a notable affordability gap relative to the state. The median home value in Port Angeles is about $102,000 below the state average, but median household income is about $26,950 below the state average. That means the price discount is partly offset by lower local earning power. This helps explain why the market may not feel dramatically more affordable than the statewide numbers might suggest.
Fourth, rental economics look more favorable than home-price appreciation. The rent index of $1,926 is $244 above the state average, while home values are below the state average. Based on the supplied figures, gross rental yield is roughly 4.6% in Port Angeles, compared with about 3.4% for the state benchmarks. This gap may support investor interest even as owner-occupant demand remains soft.
Who Is This Market For
This market is best suited to patient buyers and income-focused investors rather than sellers or move-up buyers. First-time buyers may find the median home value below the state average appealing, but they should weigh it against the lower local median household income. The 54 median days on market and 24.0% share of listings with a price cut give buyers more room to negotiate, which can help offset affordability challenges.
Investors may find the rent-to-price relationship attractive. The rent index is above the state average while the median home value is below the state average, which suggests better gross rental returns than the state benchmark. However, the weak PropertyIQ score of 24 and the negative 3-month home value momentum mean investors should underwrite conservatively and not rely on rapid appreciation.
Move-up buyers face a more difficult environment. Selling an existing home in a market where homes sit for 54 days and nearly a quarter of listings require price cuts could mean longer timelines and lower sale prices. Unless they have flexible timing or are moving from a stronger market, move-up buyers may find this a challenging market to sell into.
Outlook
The near-term outlook is cautious. The 3-month home value momentum of -1.13% and the 24.0% share of listings with a price cut point to continued softness in pricing. With 373 homes for sale and a median days on market of 54, inventory is not being absorbed quickly, which may keep pressure on sellers to adjust prices. The 12-month momentum of 3.23% shows that the longer-term trend has not been deeply negative, but the recent turn suggests fading strength. Population growth data is not available, so the demand-side picture is incomplete. Unemployment matches the state average, which provides some stability but not a clear growth catalyst. If the 3-month momentum remains negative and price cuts stay around one-quarter of listings, Port Angeles is likely to remain a buyer-friendly market in the near term.
AI-generated analysis based on current market data. Last updated August 22, 2026.
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Port Angeles, WA market data
Port Angeles, WA Housing Market Overview
Port Angeles, WA's median home value is $499K, up 3.2% over the past year. Homes here sell in a median 54 days. Its PropertyIQ Score of 24 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Port Angeles, WA area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across WA and every other US state.
Pacific Coast housing markets feature the nation's highest price points alongside strong wage growth from technology, entertainment, and trade sectors. Supply constraints from geographic barriers and regulatory environments create persistent affordability challenges but also strong long-term appreciation potential. Within the Pacific, Port Angeles, WA's PropertyIQ Score of 24 runs below the Pacific norm.
Washington state's housing market is heavily influenced by Seattle's tech economy, with Amazon, Microsoft, and Boeing employment driving both price appreciation and demand volatility as hiring cycles fluctuate.
The PropertyIQ Score for the Port Angeles, WA market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 3.2% over the past year.
Explore the interactive map to see how Port Angeles, WA compares to neighboring metros, or view the full market dashboard for detailed analytics including time-series trends, score breakdowns, and AI-generated market reports.
Counties in the Port Angeles, WA metro area
Top markets in WA
Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Port Angeles, WA a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Port Angeles, WA currently scores 24, a weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $499K, up 3.2% over the past year. So whether Port Angeles, WA is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Port Angeles, WA?
Port Angeles, WA's PropertyIQ Score is 24, indicating weak momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 24 places Port Angeles, WA below its state benchmark.
Are home prices in Port Angeles, WA rising or falling?
Home prices in Port Angeles, WA are rising. Over the past year, the median home value increased 3.2%, reaching $499K. Over the latest three months, values slipped 1.1%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Port Angeles, WA's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Port Angeles, WA?
In Port Angeles, WA, homes sell in a median of 54 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 24% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Port Angeles, WA market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.