Is Kitsap County, 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, Kitsap County has remained a Seller's Market.
Housing Prices in Kitsap County, WA
How much do homes in Kitsap County, WA cost?
Median Sold Price
$540,173
$289/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Kitsap County was $540,173 in March 2024, up 3.2% from last year, and the median price per square foot was $289.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $315K | $305K | -3.2% |
2 Bedrooms | $419.6K | $399.9K | -4.7% |
3 Bedrooms | $510K | $521.2K | +2.2% |
4 Bedrooms | $599.9K | $599.9K | 0.0% |
5+ Bedrooms | $618.8K | $620.4K | 0.2% |
Summary: Kitsap County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.2%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes increased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 0.2%.
Median Sold Price Compared To Nearby Counties
Kitsap County | $523.6K | $540.1K | +3.2% |
Mason County | $409.9K | $406.1K | -0.9% |
Pierce County | $535.2K | $528.9K | -1.2% |
Housing Supply in Kitsap County, WA
How many homes are available in Kitsap County, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
862 | 925 | +7.3% |
Summary: The Kitsap County real estate market had 925 homes for sale in March 2024, a 7.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 20 | +5.3% |
2 Bedrooms | 115 | 143 | +24.3% |
3 Bedrooms | 427 | 456 | +6.8% |
4 Bedrooms | 235 | 251 | +6.8% |
5+ Bedrooms | 66 | 55 | -16.7% |
Summary: The Kitsap County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 24.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
213 | 272 | +27.7% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
91 Homes Were Sold
At Asking
90 Homes Were Sold
Over Asking
Summary: A total of 272 homes were sold or pending in Kitsap County in March 2024, up by 27.7% month-over-month. Of the 272 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Kitsap County, WA
How long does it take to sell a home in Kitsap County, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
41 Days | 43 Days | +4.8% |
Summary: Homes in Kitsap County had an average of 43 days on market in Mar 2024, up by 4.8% compared to last year.
Breakdown of Home Sale Times
173 Homes Were Sold
Under 30 Days
53 Homes Were Sold
In 30 - 90 Days
46 Homes Were Sold
Over 90 Days
Summary: During March 2024, 272 homes were sold in Kitsap County; 64% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.