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 primary indicator of recent transaction activity is median sold price: 325,000, which anchors current market value and suggests that completed transactions are clustering well below asking levels in the active market. pricing gap
2. There is a sizable spread between median listing price: 539,000 and the median sold price: 325,000, which may indicate persistent seller pricing expectations above what buyers are closing at; this creates pricing friction that can prolong negotiations and listings.
3. Sales velocity is slowing as reflected by median days on market: 82, which appears consistent with the reported cold market temperature and elevated borrowing costs; slower listing turnover may signal weaker short-term liquidity and longer time to sale for sellers.
4. Macro and rental context: the market temperature is described as cold while rent year-over-year trend: up and interest rate pressure: elevated—this combination suggests buyers face higher financing costs even as rental demand pushes rents higher, creating mixed incentives for owner-occupiers and investors. elevated interest rate pressure

Notable Properties

The following 6 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.