Is Port Orchard, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Port Orchard has remained a Seller's Market.
Key Takeaway
Port Orchard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Orchard, WA
How much do homes in Port Orchard, WA cost?
Median Sold Price
$534,350
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Port Orchard have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Port Orchard was $534,350 in June 2024, up 3.6% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $290K | $250K | -13.8% |
| 2 Bedrooms | $374.9K | $449.6K | +19.9% |
| 3 Bedrooms | $499.9K | $514.9K | +3.0% |
| 4 Bedrooms | $530.8K | $549.9K | +3.6% |
| 5+ Bedrooms | $555K | $619.9K | +11.7% |
Summary: Port Orchard housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.8%, 2 bedroom homes increased by 19.9%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 11.7%.
Median Sold Price Compared To Nearby Cities
| Bremerton | $433.9K | $461.9K | +6.4% |
| Port Orchard | $515.6K | $534.3K | +3.6% |
Housing Supply in Port Orchard, WA
How many homes are available in Port Orchard, WA?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 429 | 397 | -7.5% |
Summary: The Port Orchard real estate market had 397 homes for sale in June 2024, a 7.5% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 5 | +25.0% |
| 2 Bedrooms | 30 | 37 | +23.3% |
| 3 Bedrooms | 198 | 191 | -3.5% |
| 4 Bedrooms | 155 | 133 | -14.2% |
| 5+ Bedrooms | 42 | 31 | -26.2% |
Summary: The Port Orchard housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 23.3%, 3 bedroom homes decreased by 3.5%, 4 bedroom homes decreased by 14.2%, and 5+ bedroom homes decreased by 26.2%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 120 | 119 | -0.8% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
53 Homes Were Sold
At Asking
45 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Orchard, expect to pay close to the asking price. 44.5% of homes here sold near the asking price last month.
Summary: A total of 119 homes were sold or pending in Port Orchard in June 2024, down by 0.8% month-over-month. Of the 119 sold homes, 18% were sold under asking, 45% were sold at asking, and 38% were sold over asking.
Days on Market for Port Orchard, WA
How long does it take to sell a home in Port Orchard, WA?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 32 Days | 28 Days | -14.6% |
Summary: Homes in Port Orchard had an average of 28 days on market in Jun 2024, down by 14.6% compared to last year.
Breakdown of Home Sale Times
90 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Orchard are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 119 homes were sold in Port Orchard; 76% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.