11/21/2025
Washington Housing Market Snapshot — November 2025
Prepared by Taylor Hough, REALTOR® | eXp Realty
The median sale price for all home types across Washington in October 2025 was approximately $644,800, reflecting a slight year-over-year dip of about 0.7%.
Data from the Northwest Multiple Listing Service (27-county region) shows a $640,000 median price for homes and condos combined, down roughly 1.5% from October 2024.
Highlight: Kitsap County (Local Look)
Here’s how Kitsap County compares within the broader Washington market:
Kitsap continues to show steadier pricing trends compared to some higher-volatility counties.
Inventory has also increased year-over-year, giving buyers a bit more room to shop while still keeping the market competitive.
Homes in Kitsap typically move at a similar pace to the statewide average, with sale-to-list ratios close to 99%, reflecting strong but not overheated demand.
As supply rises and buyers gain slightly more leverage, well-priced and well-prepared listings remain in high demand, especially in desirable neighborhoods near bases, ferries, and employment hubs.
Statewide Supply Trends
Washington had around 32,401 homes on the market in October 2025, an increase of 13.2% compared to the previous year.
The state currently has about 3 months of inventory, which remains on the tighter side of a balanced market.
Demand & Pricing Dynamics (October 2025)
24% of homes sold above list price (a slight year-over-year decline)
The average sale-to-list ratio was 98.9%, meaning most properties sold just under or around the asking price
Market Activity (Q1 2025 Single-Family, Statewide)
There were roughly 14,422 sales, down from 18,710 in the same quarter the year before a 23% decrease.
The median price for that period was approximately $636,200.
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Taylor Hough - eXp Realty
Helping our community make confident real-estate decisions.
