Is Kitsap County, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kitsap County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Kitsap County has remained a Seller's Market.

Key Takeaway

Kitsap County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Kitsap County, WA cost?

Median Sold Price

$525,356

$305/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$65,441(+14.2%)

Key Takeaway

Homes in Kitsap County have sold for 14.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $267K$328.7K
+23.1%
2 $366.4K$415.8K
+13.5%
3 $450K$517K
+14.9%
4 $545.4K$613.6K
+12.5%
5+ $547.5K$595K
+8.7%

Median Sold Price Compared To Nearby Counties

Pierce County
+16.9%
Kitsap County
+14.2%
Mason County
+13.8%

How many homes are available in Kitsap County, WA?

Number of Homes For Sale

Jul 2022Aug 2022%
1,2831,360+6.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 2928
-3.4%
2 198209
+5.6%
3 711755
+6.2%
4 283309
+9.2%
5+ 6259
-4.8%

Number of Homes Sold

Jul 2022Aug 2022%
355403+13.5%

Asking Price vs. Sold Price

150 Homes Were Sold
Under Asking

113 Homes Were Sold
At Asking

140 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kitsap County, you may be able to get a good deal. 37.2% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
11 Days20 Days+79.4%

Breakdown of Home Sale Times

312 Homes Were Sold
Under 30 Days

84 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Kitsap County are selling fast, if you're buying plan to act quickly.

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

About Kitsap County, WA

Number of homes for sale in Kitsap County, WA real estate market have reached 1,360. The number of listings in Kitsap County, WA increased by 6% between July 2022 and August 2022. While the average time on the market in August 2022 was 20 days, the median list price was $525,356. This housing market listing prices have changed between July 2022 and August 2022: prices of 1 bedroom properties increased by 23.1%, 2 bedrooms properties prices increased by 13.5%, prices of 3 bedrooms properties went up by 14.9%, the cost of 4 bedrooms properties went up by 12.5%, prices of 5 bedrooms properties went up by 8.7%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes decreased by 3.4%, 2 bedrooms homes became 5.6% more available, number of 3 bedrooms homes increased by 6.2%, 4 bedrooms homes inventory increased by 9.2%, 5 bedrooms homes became 4.8% less available. Over 140 listings were sold over their listed price in August 2022 in Kitsap County, WA. In the same period over 150 listings were sold below the listed price and 113 listings were sold for the listed price.

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