Is Poulsbo, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Poulsbo is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Poulsbo, WA

How much do homes in Poulsbo, WA cost?

Median Sold Price

$649,990

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$44,990(+7.4%)

Key Takeaway

Homes in Poulsbo have sold for 7.4% more than they did a year ago.

Summary: The median home sold price in Poulsbo was $649,990 in March 2024, up 7.4% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $369.9K$265K
-28.4%
2 $419.7K$490K
+16.7%
3 $591.5K$624.9K
+5.7%
4 $675K$676.2K
0.2%
5+ $760K$655.1K
-13.8%

Summary: Poulsbo housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.4%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 13.8%.

Housing Supply in Poulsbo, WA

How many homes are available in Poulsbo, WA?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
98103+5.1%

Summary: The Poulsbo real estate market had 103 homes for sale in March 2024, a 5.1% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 23
+50.0%
2 910
+11.1%
3 4152
+26.8%
4 3431
-8.8%
5+ 127
-41.7%

Summary: The Poulsbo housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 26.8%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 41.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2531+24.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

8 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Poulsbo, expect to pay close to the asking price. 54.8% of homes here sold near the asking price last month.

Summary: A total of 31 homes were sold or pending in Poulsbo in March 2024, up by 24.0% month-over-month. Of the 31 sold homes, 19% were sold under asking, 55% were sold at asking, and 26% were sold over asking.

Days on Market for Poulsbo, WA

How long does it take to sell a home in Poulsbo, WA?

Average Sale Time

Mar 2023Mar 2024CHANGE
33 Days55 Days+66.5%

Summary: Homes in Poulsbo had an average of 55 days on market in Mar 2024, up by 66.5% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 31 homes were sold in Poulsbo; 58% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 23% 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 24 Days Ago

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