Is Kitsap County, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$544,082
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $323K | $305K | -5.6% |
2 Bedrooms | $407.5K | $412.8K | +1.3% |
3 Bedrooms | $502.5K | $524.9K | +4.5% |
4 Bedrooms | $600K | $599.6K | -0.1% |
5+ Bedrooms | $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 | $519.8K | $544K | +4.7% |
Pierce County | $530.1K | $530.6K | 0.1% |
Mason County | $409.2K | $406.8K | -0.6% |
Housing Supply in Kitsap County, WA
How many homes are available in Kitsap County, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
949 | 1,054 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 19 | -5.0% |
2 Bedrooms | 141 | 170 | +20.6% |
3 Bedrooms | 469 | 547 | +16.6% |
4 Bedrooms | 258 | 269 | +4.3% |
5+ Bedrooms | 61 | 49 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
290 | 280 | -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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 28 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
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.