Is Bremerton, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bremerton has remained a Seller's Market.
Housing Prices in Bremerton, WA
How much do homes in Bremerton, WA cost?
Median Sold Price
$447,125
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Bremerton was $447,125 in March 2024, up 2.8% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $292.5K | +6.4% |
2 Bedrooms | $371K | $346.5K | -6.6% |
3 Bedrooms | $440K | $450K | +2.3% |
4 Bedrooms | $510K | $538.2K | +5.5% |
5+ Bedrooms | $567.2K | $584.9K | +3.1% |
Summary: Bremerton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes decreased by 6.6%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 5.5%, and 5+ bedroom homes increased by 3.1%.
Median Sold Price Compared To Nearby Cities
Belfair | $435K | $455K | +4.6% |
Port Orchard | $509.9K | $529.9K | +3.9% |
Bremerton | $435K | $447.1K | +2.8% |
Housing Supply in Bremerton, WA
How many homes are available in Bremerton, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
300 | 292 | -2.7% |
Summary: The Bremerton real estate market had 292 homes for sale in March 2024, a 2.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 12 | 11 | -8.3% |
2 Bedrooms | 46 | 56 | +21.7% |
3 Bedrooms | 153 | 139 | -9.2% |
4 Bedrooms | 70 | 72 | +2.9% |
5+ Bedrooms | 19 | 14 | -26.3% |
Summary: The Bremerton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 21.7%, 3 bedroom homes decreased by 9.2%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 26.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
87 | 96 | +10.3% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
35 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Bremerton in March 2024, up by 10.3% month-over-month. Of the 96 sold homes, 28% were sold under asking, 35% were sold at asking, and 36% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 36 Days | -17.4% |
Summary: Homes in Bremerton had an average of 36 days on market in Mar 2024, down by 17.4% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During March 2024, 96 homes were sold in Bremerton; 69% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.