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 May 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

$455,000

$273/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$25,000(+5.8%)

Key Takeaway

Homes in Bremerton have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Bremerton was $455,000 in May 2024, up 5.8% from last year, and the median price per square foot was $273.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $268K$295K
+10.1%
2 $345K$351K
+1.7%
3 $439.7K$455.3K
+3.5%
4 $509K$539.9K
+6.1%
5+ $549.9K$582K
+5.8%

Summary: Bremerton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.1%, 2 bedroom homes increased by 1.7%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 5.8%.

Median Sold Price Compared To Nearby Cities

Bremerton
+5.8%
Port Orchard
+3.9%
Belfair
+2.3%

Housing Supply in Bremerton, WA

How many homes are available in Bremerton, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
330383+16.1%

Summary: The Bremerton real estate market had 383 homes for sale in May 2024, a 16.1% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 129
-25.0%
2 6887
+27.9%
3 162196
+21.0%
4 7477
+4.1%
5+ 1414
0.0%

Summary: The Bremerton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 27.9%, 3 bedroom homes increased by 21%, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
8487+3.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

33 Homes Were Sold
At Asking

39 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. 44.8% of homes here sold above asking price last month.

Summary: A total of 87 homes were sold or pending in Bremerton in May 2024, up by 3.6% month-over-month. Of the 87 sold homes, 17% were sold under asking, 38% were sold at asking, and 45% 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

May 2023May 2024CHANGE
33 Days34 Days+2.3%

Summary: Homes in Bremerton had an average of 34 days on market in May 2024, up by 2.3% compared to last year.

Breakdown of Home Sale Times

63 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

8 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 May 2024, 87 homes were sold in Bremerton; 72% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 9% 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 23 Days Ago

Newest Listings in Bremerton, WA

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