Kitsap County is a slight seller’s market.
Easier for Buyers
Easier for Sellers
Market Balanced
Market Seller's
Market
Kitsap County Housing Market Trends
Last Updated: March 2025
Key Insights (Year Over Year)
While the Kitsap County real estate market is cooling slightly, it remains seller-favored.
Fewer homes are hitting the market, keeping inventory tight.
- New listings are down 15.7% compared to last year, meaning buyers have fewer options.
- With only 1.4 months of inventory, the market remains in seller’s market territory (a balanced market typically has 4-6 months of supply).
Home prices are holding steady—sellers still have the upper hand.
- The median sales price is up 3% to $535,000, and sellers are receiving 99.8% of their asking price on average.
- While demand has softened slightly, well-priced homes continue to sell near asking price.
Homes are taking a little longer to sell, but buyers are still active.
- Homes are spending 49 days on the market on average—slightly longer than last year.
- Buyers are taking a more measured approach, with steady showing activity before homes go under contract.
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.
Kitsap Housing Inventory
| Price Range | Months Supply | Year Over Year | Market Type |
|---|---|---|---|
| Under $400K | 1 Months | 11.1% | Hot Sellers Market |
| $400K - $600K | 0.9 Months | -25% | Extreme Sellers Market |
| $600K - $800K | 2.1 Months | 40% | Sellers Market |
| $800K - $1M | 2.1 Months | -27.6% | Sellers Market |
| $1M - $1.5M | 2.4 Months | -11.1% | Sellers Market |
| $1.5M Plus | 2 Months | 42.9% | Sellers Market |
Estimated Mortgage Interest Rates for Kitsap County
*Disclaimer: The calculations derived from this mortgage rate widget are for illustrative purposes only. Actual loan interest rates and payments are based on many factors including market conditions, points, loan amount, loan-to-value, borrower’s credit, property type and location and occupancy, the loan-to-value ratio, etc. There are no assurances that a purchaser will qualify for any loan or financing. Forecasts, projections and other predictive statements should never be relied upon as financial or legal advice.
Kitsap County Area Guides
Community Overview
- Bainbridge Island
- Bremerton
- Hansville
- Indianola
- Kingston
- Port Orchard
- Poulsbo
- Seabeck
- Silverdale
- Suquamish
Kitsap Housing Market Reports
Real Estate Trends & Statistics
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