Is Port Ludlow, WA 98365 a buyer’s or seller’s market?

The Port Ludlow housing market right now

In the three months ending August 31, 2026, 7% of homes in Port Ludlow, WA 98365 sold above their list price, the typical home went under contract in 64 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 44 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 3%, homes sold more slowly (19 days then) and the median sale price held steady to $654,217. Overall, Port Ludlow is less competitive than a year ago, which gives buyers more room.

Within Jefferson County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 71%. On our competition score, Port Ludlow ranks #290 of 298 WA ZIP codes with enough sales (score 19 out of 100).

Nearby, buyers who want less competition could look at Quilcene 98376 (0% sold over asking) or Chimacum 98325 (0% sold over asking), while Brinnon 98320 (33% sold over asking) and Forks 98331 (29% sold over asking) are even more competitive.