Home Grounds Real Estate
Bremerton, WA
Single-Family Homes
mary@homegroundsre.com Phone: 360-564-8780 Website: homegroundsre.com
Bremerton, WA
Wed Jan 22 2025
This week the median list price for Bremerton, WA is $524,975 with the market action index hovering around 47. This is an increase over last month's market action index of 46. Inventory has decreased to 80.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Market Narrative
The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.
Real-Time Market Profile
| Median List Price | $524,975 | |
| Median Price of New Listings | $350,000 | |
| Per Square Foot | $286 | |
| Average Days on Market | 91 | |
| Median Days on Market | 63 | |
| Price Decreased | 46% | |
| Price Increased | 11% | |
| Relisted | 11% | |
| Inventory | 80 | |
| Median Rent | ||
| Market Action | 47 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $1,029,450 | 2,702 | 0.25 - 0.5 acre | 3 | 2.5 | 41 | 1 | 0 | 129 |
| $577,475 | 2,179 | 4,500 - 6,500 sqft | 3 | 2.5 | 12 | 1 | 2 | 63 |
| $458,500 | 1,548 | 4,500 - 6,500 sqft | 3 | 2.3 | 26 | 2 | 3 | 56 |
| $171,497 | 964 | 4,500 - 6,500 sqft | 2 | 1 | 53 | 5 | 7 | 59 |