98368, Port Townsend, WA Housing Market

ZIP code 98368's median home value is $642K, up 4.8% over the past year. Homes here sell in a median 45 days. Its PropertyIQ Score of 42 sits modestly below the state average of 50.

Understanding the housing market in ZIP code 98368 requires hyperlocal data that metro and county analyses simply cannot provide. PropertyIQ's demand signal scoring — validated across more than two decades of housing data (2001–2023) — extends to ZIP-code granularity for 98368, Port Townsend, WA, giving investors and agents a competitive edge in WA's most specific market segments.

Pacific Coast ZIP codes feature extreme price variation from coastal enclaves to inland communities, often within the same city. PropertyIQ scores at the ZIP level reveal neighborhood-specific opportunities that are completely masked when analyzing broader metro or county areas. Within the Pacific, ZIP code 98368's PropertyIQ Score of 42 runs below the Pacific norm.

The PropertyIQ Score for 98368, Port Townsend, WA is built from four inputs measured at the ZIP-code level: 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 ZIP codes nationally and calibrated so 50 equals the state average, so a score above 50 points to a micro-market positioned to outperform its state.

View 98368, Port Townsend, WA's PropertyIQ Score and compare it against other ZIP codes in the state. Generate a free AI market report for this ZIP code or explore historical trends on the interactive map to understand how this micro-market has evolved.