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 June 2023

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

$461,904

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$27,938(+6.4%)

Key Takeaway

Homes in Bremerton have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Bremerton was $461,904 in June 2024, up 6.4% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $275K$290K
+5.5%
2 $350K$350K
0.0%
3 $439.9K$461.6K
+4.9%
4 $504.5K$549.9K
+9.0%
5+ $567.5K$580.4K
+2.3%

Summary: Bremerton housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.5%, 2 bedroom homes did not change, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 9%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Bremerton
+6.4%
Port Orchard
+3.6%
Belfair
+3.4%

Housing Supply in Bremerton, WA

How many homes are available in Bremerton, WA?

Number of Homes For Sale

May 2024Jun 2024CHANGE
390407+4.4%

Summary: The Bremerton real estate market had 407 homes for sale in June 2024, a 4.4% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 811
+37.5%
2 8791
+4.6%
3 195197
+1.0%
4 8590
+5.9%
5+ 1518
+20.0%

Summary: The Bremerton housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

May 2024Jun 2024CHANGE
97113+16.5%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

48 Homes Were Sold
At Asking

44 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bremerton, expect to pay close to the asking price. 42.5% of homes here sold near the asking price last month.

Summary: A total of 113 homes were sold or pending in Bremerton in June 2024, up by 16.5% month-over-month. Of the 113 sold homes, 19% were sold under asking, 42% were sold at asking, and 39% 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

Jun 2023Jun 2024CHANGE
29 Days26 Days-12.7%

Summary: Homes in Bremerton had an average of 26 days on market in Jun 2024, down by 12.7% compared to last year.

Breakdown of Home Sale Times

86 Homes Were Sold
Under 30 Days

18 Homes Were Sold
In 30 - 90 Days

9 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.

Summary: During June 2024, 113 homes were sold in Bremerton; 76% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 26 Days Ago

Newest Listings in Bremerton, WA

Nearby Markets to Bremerton, WA

What housing markets are near Bremerton, WA?