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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Brinnon is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Brinnon, WA

How much do homes in Brinnon, WA cost?

Median Sold Price

$296,000

$264/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$28,500(-8.8%)

Key Takeaway

Homes in Brinnon have sold for 8.8% less than they did a year ago.

Summary: The median home sold price in Brinnon was $296,000 in October 2024, down 8.8% from last year, and the median price per square foot was $264.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $296K$162.5K
-45.1%
2 $320K$296K
-7.5%
3 $430K$1.9M
+341.9%
4 -$1.1M
N/A
5+ --
N/A

Summary: Brinnon housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 45.1%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 341.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Brinnon, WA

How many homes are available in Brinnon, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1617+6.3%

Summary: The Brinnon real estate market had 17 homes for sale in October 2024, a 6.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 44
0.0%
2 1011
+10.0%
3 22
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Brinnon housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
26+200.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Brinnon, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Brinnon in October 2024, up by 200.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% were sold over asking.

Days on Market for Brinnon, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
93 Days70 Days-24.7%

Summary: Homes in Brinnon had an average of 70 days on market in Oct 2024, down by 24.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Brinnon are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 6 homes were sold in Brinnon; 33% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 50% 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 16 Days Ago

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