Is Kitsap County, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$549,300
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kitsap County was $549,300 in May 2024, up 5.7% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $306.5K | $305K | -0.5% |
2 Bedrooms | $400K | $423.8K | +6.0% |
3 Bedrooms | $504.1K | $525.9K | +4.3% |
4 Bedrooms | $599.8K | $599.8K | 0% |
5+ Bedrooms | $599.9K | $624.9K | +4.2% |
Summary: Kitsap County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Counties
Kitsap County | $519.6K | $549.3K | +5.7% |
Pierce County | $525.3K | $534.2K | +1.7% |
Mason County | $405.2K | $407.8K | +0.6% |
Housing Supply in Kitsap County, WA
How many homes are available in Kitsap County, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,160 | 1,284 | +10.7% |
Summary: The Kitsap County real estate market had 1,284 homes for sale in May 2024, a 10.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 20 | 17 | -15.0% |
2 Bedrooms | 171 | 206 | +20.5% |
3 Bedrooms | 580 | 652 | +12.4% |
4 Bedrooms | 318 | 330 | +3.8% |
5+ Bedrooms | 71 | 79 | +11.3% |
Summary: The Kitsap County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 15%, 2 bedroom homes increased by 20.5%, 3 bedroom homes increased by 12.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes increased by 11.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
306 | 315 | +2.9% |
Asking Price vs. Sold Price
60 Homes Were Sold
Under Asking
126 Homes Were Sold
At Asking
129 Homes Were Sold
Over Asking
Summary: A total of 315 homes were sold or pending in Kitsap County in May 2024, up by 2.9% month-over-month. Of the 315 sold homes, 19% were sold under asking, 40% were sold at asking, and 41% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 32 Days | +3.0% |
Summary: Homes in Kitsap County had an average of 32 days on market in May 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
239 Homes Were Sold
Under 30 Days
43 Homes Were Sold
In 30 - 90 Days
33 Homes Were Sold
Over 90 Days
Summary: During May 2024, 315 homes were sold in Kitsap County; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.