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 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

-$1,293(-0.3%)

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

# BEDSNov 2022Nov 2023CHANGE
1 $288.7K$275K
-4.7%
2 $375K$340K
-9.3%
3 $455K$444K
-2.4%
4 $510K$520K
+2.0%
5+ $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
+6.3%
Port Orchard
+1.9%
Bremerton
-0.3%

Housing Supply in Bremerton, WA

How many homes are available in Bremerton, WA?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE
325305-6.2%

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

# BEDSOct 2023Nov 2023CHANGE
1 69
+50.0%
2 5243
-17.3%
3 156154
-1.3%
4 8481
-3.6%
5+ 2718
-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 2023Nov 2023CHANGE
8179-2.5%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Nov 2023CHANGE
31 Days30 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

Breakdown of Home Sale Times

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.

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

Report Updated 6 Days Ago

Newest Listings in Bremerton, WA

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