Team Luxe Real Estate | Market Insights

Bremerton, WA

Single-Family Homes

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



Bremerton, WA

Mon Sep 16 2024
This week the median list price for Bremerton, WA is $512,500 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has increased to 158. Click here to stay informed with the Bremerton 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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.

Bremerton, WA

Mon Sep 16 2024
This week the median list price for Bremerton, WA is $512,500 with the market action index hovering around 46. This is less than last month's market action index of 48. Inventory has increased to 158. Click here to stay informed with the Bremerton 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 Bremerton market.
Median List Price $512,500
Median Price of New Listings $450,000
Per Square Foot $295
Average Days on Market 59
Median Days on Market 42
Price Decreased 43%
Price Increased 3%
Relisted 6%
Inventory 158
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
$934,900 2,770 0.5 - 1 acre 3 2.5 45 7 4 42
$549,999 2,030 4,500 - 6,500 sqft 3 2.5 32 6 4 91
$459,950 1,600 6,500 - 8,000 sqft 3 2 50 10 6 31
$357,750 1,201 6,500 - 8,000 sqft 3 1.5 83 14 3 21