Forks, WA 98331 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market value indicator is the median sold price: $294,000, which serves as the most reliable representation of recent transaction activity and representative recent sale levels in the current market.
2. The median days on market is 109, which points to slower sales velocity and suggests sellers should expect longer listing periods; combined with a cold market temperature, this may indicate increased negotiation leverage for buyers.
3. The median listing price is $599,000, creating a clear pricing gap against recent transaction levels that likely reflects seller expectations above realized market values and signals pricing friction that sellers should address through competitive pricing or concessions.
4. Median market rent is $705, and interest rate pressure is noted as elevated with current 30-year fixed mortgage rates averaging approximately 6.67%, which together suggest careful underwriting for investor buyers and a need for sellers to highlight value-add or financing flexibility to maintain buyer interest.

Notable Properties

The following 5 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.