Sequim, WA—98382
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sequim, WA
As of Oct '25, the median home price in Sequim, WA is $565,000, with a year-over-year change of 0.6%. This indicates that home prices in Sequim, WA are flat. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $565,000 | 0.6% |
| Single Family | $576,000 | 0.2% |
| Condos | $418,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $431,000 | 1.7% |
2 Bed | $499,000 | 0.2% |
3 Bed | $603,000 | 0.2% |
4 Bed | $731,000 | 0.0% |
| 5 Bed | $891,000 | -0.3% |
% of Housing Stock
Rental Trends — Sequim, WA
As of July '25, Rentcast reports the average rent in Sequim, WA is $2,140, with a year-over-year rent change of -2.3%. Per bedroom, the median rent as of July '25 in Sequim, WA is 1-bedrooms: $1,270, 2-bedrooms: $2,140, 3-bedrooms: $2,510, 4-bedrooms: $2,820. The most common rental property sizes in Sequim, WA are 2-bedroom and 3-bedroom, accounting for 40.5% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,350 | $2,140 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,300 | $1,270 |
| 2 Bed Rent | $1,650 | $2,140 |
| 3 Bed Rent | $2,500 | $2,510 |
| 4 Bed Rent | $2,750 | $2,820 |
% of Rental Stock
Property Listings — Sequim, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sequim, WA is 72. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $618,000 | -12.0% |
Listing Count | 225 | 21.0% |
| Listings as % of Homes | 0.7% | 21.0% |
Days on Market | 72 | 8.0% |
Demographics — Sequim, WA
As of the latest ACS Survey released in 2023, Sequim, WA has a population of 31,200, which has increased by 10.2% over the past 5 years. Sequim, WA is a less popular place for families, as children make up 13.1% of the population. The area has a moderately educated workforce, with 34.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,200 | 10.2% |
% Under 18 | 13.1% | 4.8% |
% Seniors | 42.1% | 4.7% |
% WFH | 14.2% | 121.9% |
% w/ College Degree | 34.9% | 12.6% |
As of the latest ACS Survey released in 2023, Sequim, WA is a predominantly white area, with 85.1% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Sequim, WA is hispanic, making up 4.2% of the population. Foreign-born residents account for 5.6% of the population in Sequim, WA, and this percentage has decreased by 17.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.1% | -4.7% |
% Black | 0.9% | 125.0% |
% Hispanic | 4.2% | -4.5% |
% Asian | 2.2% | 22.2% |
% Foreign Born | 5.6% | -17.6% |
Mortgage and Risk — Sequim, WA
According to HUD data as of 2023, there were 542 mortgage originations in Sequim, WA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Sequim, WA. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 542 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Sequim, WA
Sequim, WA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 139 |
Total Units Section 8 | 139 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$280 | $1,300 | $1,020 |
| 2 Bedroom | -$310 | $1,650 | $1,340 |
| 3 Bedroom | -$630 | $2,500 | $1,870 |
| 4 Bedroom | -$610 | $2,750 | $2,140 |
Affordability — Sequim, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $565,000 |
| Median Household Income | $70,500 |