Is Bremerton, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
Since last year, Bremerton has remained a Seller's Market.
Key Takeaway
Bremerton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bremerton, WA
How much do homes in Bremerton, WA cost?
Median Sold Price
$439,949
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
The sold price of homes in Bremerton has remained the same since last year.
Summary: The median home sold price in Bremerton was $439,949 in November 2023, down 0.3% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $288.7K | $275K | -4.7% |
| 2 Bedrooms | $375K | $340K | -9.3% |
| 3 Bedrooms | $455K | $444K | -2.4% |
| 4 Bedrooms | $510K | $520K | +2.0% |
| 5+ Bedrooms | $564.4K | $582K | +3.1% |
Summary: Bremerton housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 4.7%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes decreased by 2.4%, 4 bedroom homes increased by 2%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
| Belfair | $437.5K | $464.9K | +6.3% |
| Port Orchard | $515K | $524.9K | +1.9% |
| Bremerton | $441.2K | $439.9K | -0.3% |
Housing Supply in Bremerton, WA
How many homes are available in Bremerton, WA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 325 | 305 | -6.2% |
Summary: The Bremerton real estate market had 305 homes for sale in November 2023, a 6.2% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 9 | +50.0% |
| 2 Bedrooms | 52 | 43 | -17.3% |
| 3 Bedrooms | 156 | 154 | -1.3% |
| 4 Bedrooms | 84 | 81 | -3.6% |
| 5+ Bedrooms | 27 | 18 | -33.3% |
Summary: The Bremerton housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 17.3%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 3.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 81 | 79 | -2.5% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
29 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bremerton, expect to pay close to the asking price. 36.7% of homes here sold near the asking price last month.
Summary: A total of 79 homes were sold or pending in Bremerton in November 2023, down by 2.5% month-over-month. Of the 79 sold homes, 32% were sold under asking, 37% were sold at asking, and 32% were sold over asking.
Days on Market for Bremerton, WA
How long does it take to sell a home in Bremerton, WA?
Average Sale Time
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 31 Days | 30 Days | -3.1% |
Summary: Homes in Bremerton had an average of 30 days on market in Nov 2023, down by 3.1% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bremerton are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 79 homes were sold in Bremerton; 71% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2023 Northwest MLS. All rights reserved.