$6,531 Closing Credit*
$550,000
2,328 SqFt
3 Beds
•1 Full Bath
Shelly Crane, Listing Office: Keller Williams Rty Tacoma
Is Port Orchard, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Port Orchard has remained a Seller's Market.
Key Takeaway
Port Orchard is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Port Orchard, WA
How much do homes in Port Orchard, WA cost?
Median Sold Price
$540,958
$279/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,958(+3.0%)
Key Takeaway
Homes in Port Orchard have sold for 3% more than they did a year ago.
Summary: The median home sold price in Port Orchard was $540,958 in November 2024, up 3% from last year, and the median price per square foot was $279.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.9K | $312.5K | -10.7% |
| 2 Bedrooms | $430K | $406.6K | -5.4% |
| 3 Bedrooms | $506.3K | $525K | +3.7% |
| 4 Bedrooms | $539.9K | $554.5K | +2.7% |
| 5+ Bedrooms | $569.9K | $629.9K | +10.5% |
Summary: Port Orchard housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.7%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| Bremerton | $440K | $467.2K | +6.2% |
| Port Orchard | $525K | $540.9K | +3.0% |
Housing Supply in Port Orchard, WA
How many homes are available in Port Orchard, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 346 | 310 | -10.4% |
Summary: The Port Orchard real estate market had 310 homes for sale in November 2024, a 10.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 35 | 28 | -20.0% |
| 3 Bedrooms | 176 | 154 | -12.5% |
| 4 Bedrooms | 93 | 85 | -8.6% |
| 5+ Bedrooms | 34 | 36 | +5.9% |
Summary: The Port Orchard housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 5.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 91 | 90 | -1.1% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
34 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Port Orchard, you could pay more than the asking price. 37.8% of homes here sold above asking price last month.
Summary: A total of 90 homes were sold or pending in Port Orchard in November 2024, down by 1.1% month-over-month. Of the 90 sold homes, 27% were sold under asking, 36% were sold at asking, and 38% were sold over asking.
Days on Market for Port Orchard, WA
How long does it take to sell a home in Port Orchard, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 41 Days | 38 Days | -5.9% |
Summary: Homes in Port Orchard had an average of 38 days on market in Nov 2024, down by 5.9% compared to last year.
Breakdown of Home Sale Times
53 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Port Orchard are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 90 homes were sold in Port Orchard; 59% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved. 
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