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 May 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

$649,995

$302/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$40,995(+6.7%)

Key Takeaway

Homes in Poulsbo have sold for 6.7% more than they did a year ago.

Summary: The median home sold price in Poulsbo was $649,995 in May 2024, up 6.7% from last year, and the median price per square foot was $302.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $369.9K$255K
-31.1%
2 $420K$490K
+16.7%
3 $593.5K$623.1K
+5.0%
4 $675K$689.9K
+2.2%
5+ $672.4K$663.6K
-1.3%

Summary: Poulsbo housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 31.1%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes decreased by 1.3%.

Housing Supply in Poulsbo, WA

How many homes are available in Poulsbo, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
130145+11.5%

Summary: The Poulsbo real estate market had 145 homes for sale in May 2024, a 11.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 1316
+23.1%
3 6273
+17.7%
4 4342
-2.3%
5+ 1214
+16.7%

Summary: The Poulsbo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 23.1%, 3 bedroom homes increased by 17.7%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
3442+23.5%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

18 Homes Were Sold
At Asking

17 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. 42.9% of homes here sold near the asking price last month.

Summary: A total of 42 homes were sold or pending in Poulsbo in May 2024, up by 23.5% month-over-month. Of the 42 sold homes, 17% were sold under asking, 43% were sold at asking, and 40% 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

May 2023May 2024CHANGE
30 Days34 Days+11.6%

Summary: Homes in Poulsbo had an average of 34 days on market in May 2024, up by 11.6% compared to last year.

Breakdown of Home Sale Times

31 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

6 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 May 2024, 42 homes were sold in Poulsbo; 74% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 14% 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 13 Days Ago

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