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. 314,000 median sold price remains the primary indicator of recent market value and transaction activity, and overall pricing is up year‑over‑year, indicating modest price resilience despite reduced velocity.
2. 625,000 median listing price sits well above the median sold price, signaling potential pricing friction between seller expectations and recent transaction levels rather than confirmed market appreciation.
3. 123 median days on market points to slower sales velocity; the market is cold and appears to have elevated inventory relative to sales activity, which may extend negotiation timelines and reduce urgency.
4. 6.6% current 30-year fixed mortgage rates in Forks are accompanied by elevated interest rate pressure, a headwind that may constrain buyer affordability and further dampen transaction volumes.

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.