Kitsap County Housing Market Update

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Kitsap County Housing Market Trends

Last Updated: April 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 (Year Over Year)

While the Kitsap County real estate market is cooling slightly, it remains seller-favored.

• Fewer Homes Are Being Listed: Homeowners aren’t putting their houses up for sale as much as they were a year ago. This means there are fewer choices for buyers. In the last few years, many homeowners scored interest rates below 4-5%, and they aren’t likely to give that up soon.
• Buyers Are Still Active: Even though there are fewer homes for sale, there are still buyers out there making offers.  
• Fewer Sales Overall: The total number of completed home sales has gone down. This could be because there aren’t enough homes for everyone who wants to buy.  
• Homes Are Taking a Bit Longer to Sell: On average, it’s taking a little more time to sell a house compared to last year. This could indicate that the market isn’t as intensely competitive as it was.  
• Home Prices Are Still Going Up: Despite some changes in the market, both the average and median prices of homes are still increasing, meaning it costs more to buy a house.  
• Homes Are Selling for Close to Asking Price: Sellers are still getting what they’re asking for, on average.

In simpler terms, there aren’t as many homes to choose from, and while buyers are still active, fewer sales are happening overall. Prices are still going up, but it’s taking a bit longer to sell a home.

Sellers still have an advantage, but strategy matters.

• While it’s still a seller’s market, buyers are more selective, making home presentation and pricing more important than ever.
• Homes that are priced too high or not well-prepared may sit longer and require price reductions.

Buyers have a bit more negotiating power but must be prepared.

• With fewer bidding wars, buyers have more choice and a better chance at negotiating.
• However, the best homes are still moving quickly, so buyers need to be pre-approved and ready to act when they find the right home.

The market is shifting, demanding a more calculated approach.

• Sellers: Competitive pricing and great presentation are key to selling faster and closer to asking price.
• Buyers: While there’s more breathing room, hesitation can mean missing out on a great home.
• Investors: Low inventory continues to support strong rental demand, but careful selection is crucial as the market shifts.

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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.