Port Orchard, WA 98367 Real Estate Market Report

ZIP Code: 98367
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Port Orchard WA are 6.5% compared to the 5.9% average seen in February 2026, indicating that property owners who secured loans earlier this year hold a favorable rate.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, the median sold price of 625,000, confirms recent transaction-level value and supports a modest upward price trend in the area; price year-over-year trend is up, which signals continued comprador willingness to pay near recent sales levels.

2. Liquidity appears muted: the median days on market of 175 points to slower sales velocity and pricing friction even as the market temperature remains neutral, suggesting a balanced but cautious negotiation environment.

3. Seller expectations remain close to realized value — the median listing price of 617,495 sits near the median sold price, which may indicate that sellers are generally achieving near-asking outcomes; however, elevated interest rate pressure (elevated) could limit buyer purchasing power and prolong time-to-contract for marginal listings.

4. Rental signals are mixed for investors: the median market rent of 3,050 combined with a rent year-over-year trend is down suggests softer rent upside, so investors should account for potential near-term rent pressure when underwriting acquisitions; additionally, the median price per square foot of 307 provides a current market-level pricing reference for comparative valuation work.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.