Kitsap County Housing Market Update

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Kitsap County Housing Market Trends

Last Updated: June 2025

HOMEOWNERS: Worried you paid too much for your home? Learn 7 ways to protect and grow your home’s value.

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Key Insights

(Compared to a Year Ago – May 2025)

The Kitsap County housing market is clearly shifting. We’re seeing more homes available and a slower pace of sales, moving us closer to a more balanced market.

• More Homes Appearing: We’re seeing a slight increase in new homes coming on the market. Overall, there are more homes for sale now than a year ago in Kitsap County, mirroring a significant surge in available homes across the wider region, up over 42%. This means buyers have more choices than before.
• Slower Sales Pace: Even with buyers looking at more homes, the number of homes going under contract and actually selling has decreased in Kitsap County. This reflects a general slowdown in sales activity across the wider NWMLS region, where new listings are appearing much faster than homes are being sold.
• Homes Taking Longer to Sell: On average, homes in Kitsap County are now taking a little longer to find a buyer – about 29 days. This gives buyers more time to consider their options without as much pressure.
• Prices are Steadying: While home prices in Kitsap County still saw a modest increase over last year, the overall trend for the wider region shows prices are stabilizing and even seeing a slight dip from a year ago. This suggests the rapid price growth we’ve seen is slowing down, offering some potential relief for buyers.
• Sellers Still Getting Good Offers: Homes that are well-priced are still selling very close to their asking price. This means sellers who price their homes competitively are still seeing strong returns.
• Inventory Growing Towards Balance: The current supply of homes in Kitsap County is around 2.1 months. While this is still less than what’s often considered a balanced market here, the overall increase in available homes points to the market actively shifting towards more equilibrium.

In short, Kitsap County’s residential market is offering more choices and a bit more breathing room for buyers, with homes taking longer to sell and prices leveling off.

The Market is Shifting: Strategy is Key for Both Buyers and Sellers.

• Sellers: Adapt Your Strategy. As more homes come onto the market and the pace slows, competitive pricing and excellent presentation are vital for selling quickly and at a good price. Homes that are overpriced or not ready to show well might sit longer and require price adjustments.
• Buyers: Your Opportunity is Growing. With more options and less frantic competition, you have more leverage. Mortgage rates are currently hovering close to 7%, which is a factor buyers are getting used to. Being pre-approved and ready to make an offer is still important for securing the right home, especially as buyer activity like showings is picking up. Plus, many properties are eligible for programs that can help with down payments.
• Investors: Navigate with Care. The increasing number of homes for sale and the slower pace of sales emphasize that careful selection and thorough research are essential before making investment decisions.

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Estimated Mortgage Interest Rates for Kitsap County

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Kitsap County Area Guides

Community Overview

• Bainbridge Island
• Bremerton
• Hansville
• Indianola
• Kingston
• Port Orchard
• Poulsbo
• Seabeck
• Silverdale
• Suquamish

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Kitsap Housing Market Reports

Real Estate Trends & Statistics

Use the map below to download the latest housing market statistics by region.