Is East Port Orchard, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Port Orchard is a seller's market

Buyer's
Market

Difference Since April 2023

At the same time last year, East Port Orchard was a Buyer's Market.

Key Takeaway

East Port Orchard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Port Orchard, WA

How much do homes in East Port Orchard, WA cost?

Median Sold Price

$521,350

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$71,350(+15.9%)

Key Takeaway

Homes in East Port Orchard have sold for 15.9% more than they did a year ago.

Summary: The median home sold price in East Port Orchard was $521,350 in April 2024, up 15.9% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 -$250K
N/A
2 $292.5K$459K
+56.9%
3 $427.5K$465K
+8.8%
4 $504.9K$529.9K
+5.0%
5+ $517.4K$592.4K
+14.5%

Summary: East Port Orchard housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 56.9%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 14.5%.

Housing Supply in East Port Orchard, WA

How many homes are available in East Port Orchard, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
30300.0%

Summary: The East Port Orchard real estate market had 30 homes for sale in April 2024, the same as March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 1516
+6.7%
4 1413
-7.1%
5+ 00
0.0%

Summary: The East Port Orchard housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
810+25.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Port Orchard, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 10 homes were sold or pending in East Port Orchard in April 2024, up by 25.0% month-over-month. Of the 10 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% were sold over asking.

Days on Market for East Port Orchard, WA

How long does it take to sell a home in East Port Orchard, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
45 Days57 Days+26.9%

Summary: Homes in East Port Orchard had an average of 57 days on market in Apr 2024, up by 26.9% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 10 homes were sold in East Port Orchard; 50% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 30% 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 4 Days Ago

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