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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Bremerton is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Bremerton, WA

How much do homes in Bremerton, WA cost?

Median Sold Price

$467,262

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,262(+6.2%)

Key Takeaway

Homes in Bremerton have sold for 6.2% more than they did a year ago.

Summary: The median home sold price in Bremerton was $467,262 in November 2024, up 6.2% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $272.5K$295K
+8.3%
2 $345K$355K
+2.9%
3 $445K$469.9K
+5.6%
4 $520K$538.2K
+3.5%
5+ $582K$599.9K
+3.1%

Summary: Bremerton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 5.6%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 3.1%.

Median Sold Price Compared To Nearby Cities

Bremerton
+6.2%
Port Orchard
+3.0%
Belfair
-1.6%

Housing Supply in Bremerton, WA

How many homes are available in Bremerton, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
414358-13.5%

Summary: The Bremerton real estate market had 358 homes for sale in November 2024, a 13.5% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1212
0.0%
2 8990
+1.1%
3 220177
-19.5%
4 7968
-13.9%
5+ 1411
-21.4%

Summary: The Bremerton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.1%, 3 bedroom homes decreased by 19.5%, 4 bedroom homes decreased by 13.9%, and 5+ bedroom homes decreased by 21.4%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
118107-9.3%

Asking Price vs. Sold Price

37 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

33 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Bremerton, you may be able to get a good deal. 34.6% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in Bremerton in November 2024, down by 9.3% month-over-month. Of the 107 sold homes, 35% were sold under asking, 35% were sold at asking, and 31% were sold over asking.

Days on Market for Bremerton, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
32 Days32 Days-0.1%

Summary: Homes in Bremerton had an average of 32 days on market in Nov 2024, down by 0.1% compared to last year.

Breakdown of Home Sale Times

72 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 107 homes were sold in Bremerton; 67% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% 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 17 Days Ago

Newest Listings in Bremerton, WA

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