Is Bremerton, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bremerton is a seller's market

Buyer's
Market

Difference Since July 2021

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.

How much do homes in Bremerton, WA cost?

Median Sold Price

$438,808

$289/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$64,061(+17.1%)

Key Takeaway

Homes in Bremerton have sold for 17.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 $230K$240K
+4.3%
2 $307.6K$379.6K
+23.4%
3 $389K$442.2K
+13.7%
4 $409K$515.9K
+26.2%
5+ $463.9K$562.9K
+21.3%

Median Sold Price Compared To Nearby Cities

Bremerton
+17.1%
Belfair
+15.3%
Port Orchard
+14.4%
Belfair-Tahuya
+14.3%

How many homes are available in Bremerton, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
181191+5.5%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 1013
+30.0%
2 4243
+2.4%
3 8083
+3.8%
4 4042
+5.0%
5+ 910
+11.1%

Number of Homes Sold

Jun 2022Jul 2022%
5065+30.0%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

21 Homes Were Sold
At Asking

27 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bremerton, you could pay more than the asking price. 41.5% of homes here sold above asking price last month.

Average Sale Time

Jul 2021Jul 2022%
8 Days11 Days+32.7%

Breakdown of Home Sale Times

59 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Bremerton are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Bremerton, WA

There are 191 homes are for sale in Bremerton, WA real estate market. In July 2022 in Bremerton, WA there were 5.5% more homes for sale than in June 2022. In July 2022 median list price was $438,808 and the average listing age was 11 days. This housing market listing prices have changed between June 2022 and July 2022: 1 bedroom properties became 4.3% more expensive, the cost of 2 bedrooms properties went up by 23.4%, the cost of 3 bedrooms properties went up by 13.7%, the cost of 4 bedrooms properties went up by 26.2%, prices of 5 bedrooms properties went up by 21.3%. The following changes in the number of homes for sale were observed in this housing market: the quantity of 1 bedroom homes went up by 30%, the quantity of 2 bedrooms homes went up by 2.4%, volume of 3 bedrooms homes went up by 3.8%, the quantity of 4 bedrooms homes went up by 5%, 5 bedrooms homes inventory increased by 11.1%. Over 27 listings were sold over their listed price in July 2022 in Bremerton, WA. In the same period over 17 listings were sold below the listed price and 21 listings were sold for the listed price.

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