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 April 2023

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.

Housing Prices in Kitsap County, WA

How much do homes in Kitsap County, WA cost?

Median Sold Price

$544,082

$291/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,252(+4.7%)

Key Takeaway

Homes in Kitsap County have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Kitsap County was $544,082 in April 2024, up 4.7% from last year, and the median price per square foot was $291.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $323K$305K
-5.6%
2 $407.5K$412.8K
+1.3%
3 $502.5K$524.9K
+4.5%
4 $600K$599.6K
-0.1%
5+ $612K$620.8K
+1.4%

Summary: Kitsap County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.6%, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes decreased by 0.1%, and 5+ bedroom homes increased by 1.4%.

Median Sold Price Compared To Nearby Counties

Kitsap County
+4.7%
Pierce County
0.1%
Mason County
-0.6%

Housing Supply in Kitsap County, WA

How many homes are available in Kitsap County, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
9491,054+11.1%

Summary: The Kitsap County real estate market had 1,054 homes for sale in April 2024, a 11.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 2019
-5.0%
2 141170
+20.6%
3 469547
+16.6%
4 258269
+4.3%
5+ 6149
-19.7%

Summary: The Kitsap County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 5%, 2 bedroom homes increased by 20.6%, 3 bedroom homes increased by 16.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 19.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
290280-3.4%

Asking Price vs. Sold Price

79 Homes Were Sold
Under Asking

89 Homes Were Sold
At Asking

112 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kitsap County, you could pay more than the asking price. 40% of homes here sold above asking price last month.

Summary: A total of 280 homes were sold or pending in Kitsap County in April 2024, down by 3.4% month-over-month. Of the 280 sold homes, 28% were sold under asking, 32% were sold at asking, and 40% 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

Apr 2023Apr 2024CHANGE
34 Days28 Days-17.6%

Summary: Homes in Kitsap County had an average of 28 days on market in Apr 2024, down by 17.6% compared to last year.

Breakdown of Home Sale Times

212 Homes Were Sold
Under 30 Days

41 Homes Were Sold
In 30 - 90 Days

27 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.

Summary: During April 2024, 280 homes were sold in Kitsap County; 76% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 10% 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 1 Day Ago

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