Team Luxe Real Estate | Market Insights

Port Orchard, WA

Single-Family Homes

206-672-5724 | https://teamluxere.com/



Port Orchard, WA

Thu Feb 06 2025
This week the median list price for Port Orchard, WA is $640,750 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 76. Click here to stay informed with the Port Orchard market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Port Orchard, WA

Thu Feb 06 2025
This week the median list price for Port Orchard, WA is $640,750 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 76. Click here to stay informed with the Port Orchard market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market Narrative

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Port Orchard market.
Median List Price $640,750
Median Price of New Listings $782,475
Per Square Foot $295
Average Days on Market 105
Median Days on Market 67
Price Decreased 41%
Price Increased 4%
Relisted 7%
Inventory 76
Median Rent
Market Action 46
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$899,950 3,115 0.5 - 1 acre 4 2.5 19 5 0 56
$749,500 2,840 6,500 - 8,000 sqft 4 2.5 3 1 2 77
$595,000 1,872 8,000 - 10,000 sqft 3 2.5 28 3 3 35
$439,000 1,390 8,000 - 10,000 sqft 3 2 56 1 4 84