February 2026 continues the trend we've been seeing for the past year in Bremerton: steady, stable, and increasingly competitive for well-priced homes. If you're thinking about selling in Bremerton this spring, here's what you need to know about the current market.
The Big Picture
Bremerton's housing market in February 2026 is characterized by three things:
- Low inventory — about 2 months of available homes (balanced market = 4-6 months)
- Steady prices — median home price holding around $475,000-$495,000
- Faster sales — well-priced homes are selling in 15-25 days on average
Translation: It's still a seller's market, but not the wild 2021-2022 market. Buyers are back to doing inspections, negotiating repairs, and making rational offers. But if your home is priced right and shows well, you'll likely see multiple offers.
What's Selling (and What's Sitting)
Selling Fast (Under 3 Weeks)
- Move-in ready homes priced at or slightly below comps
- Waterfront or water-view properties (always in demand in Bremerton)
- Updated homes under $500K — this is the sweet spot for first-time buyers and Seattle relocators
- Homes near the ferry — commuter convenience still commands a premium
Sitting Longer (45+ Days)
- Overpriced fixer-uppers — buyers who want a project don't want to pay retail
- Homes over $700K — this price range has more inventory and pickier buyers
- Properties with deferred maintenance — roof issues, dated systems, obvious neglect
Neighborhood Trends
Downtown & Waterfront
The continued downtown revitalization is making this area increasingly desirable. New restaurants, the Harborside development, and improved walkability are drawing younger buyers and empty-nesters who want the urban experience without Seattle prices.
Median price: $450K-$550K
Days on market: 15-20 days
Buyer profile: Ferry commuters, downtown lifestyle seekers
Manette
Manette continues to be one of Bremerton's hottest neighborhoods — close to downtown but with more space, waterfront access, and a strong community vibe. Inventory here is especially tight.
Median price: $500K-$600K
Days on market: 10-18 days
Buyer profile: Families, waterfront buyers
West Bremerton
West Bremerton offers more space and lower prices, making it popular with first-time buyers and military families. The trade-off is less walkability and longer commutes to Seattle.
Median price: $400K-$475K
Days on market: 20-30 days
Buyer profile: First-time buyers, military, families with kids
Charleston & Sheridan Park
These neighborhoods appeal to buyers looking for value and space. Homes here tend to be older, but you get more square footage and yard for your dollar.
Median price: $375K-$450K
Days on market: 25-35 days
Buyer profile: Budget-conscious buyers, investors
Buyer Demographics: Who's Buying in Bremerton?
- Seattle Relocators — Remote workers or hybrid commuters who realized they can buy a house with a yard in Bremerton for what a 2-bedroom condo costs in Seattle
- Military Families — NAVBASE Kitsap continues to drive steady demand, especially in West Bremerton and Charleston
- First-Time Buyers — Bremerton is one of the last places in Western Washington where you can find move-in ready homes under $500K
- Investors — With the ferry and downtown revitalization, some investors are betting on long-term appreciation
Interest Rates & Affordability
Mortgage rates in February 2026 are hovering around 6.5-7% — not the historic lows of 2020-2021, but significantly better than the 8%+ rates we saw briefly in 2023.
For a $475,000 home (Bremerton median) with 20% down:
- At 6.5%: $2,401/month (principal + interest)
- At 7%: $2,527/month
Add taxes, insurance, and HOA (if applicable), and you're looking at $3,000-$3,500/month total for a median-priced Bremerton home. That's still significantly more affordable than Seattle or Tacoma.
What Sellers Need to Know
1. Pricing Is Everything
The days of "list high and see what happens" are over. Overpriced homes sit, and buyers assume something is wrong. Price it right from day one based on recent comps — not what Zillow says, not what your neighbor's house sold for in 2022.
2. Condition Matters Again
Buyers are doing inspections and negotiating repairs. If your roof is shot, your HVAC is ancient, or your kitchen is genuinely outdated, either fix it or price accordingly. Trying to hide problems will backfire.
3. Marketing Still Matters
Professional photos, staging (even light staging), and a strong online presence are non-negotiable. Most buyers will scroll past bad photos without even scheduling a showing.
4. Spring Market Is Coming
If you're thinking about selling in 2026, list in March-April. That's when buyer activity peaks, inventory is still relatively low, and you'll see the most competition for your home.
What Buyers Need to Know
1. Move Fast on Well-Priced Homes
If a home is priced right and shows well, expect competition. Get pre-approved, have your offer ready, and don't lowball in a competitive situation — you'll lose.
2. Be Picky on Overpriced Listings
If a home has been sitting for 45+ days and the price seems high, it probably is. These sellers are testing the market. Wait for the price drop or move on.
3. Don't Skip the Inspection
Even in a competitive market, always do an inspection. You have leverage if issues come up, and it's better to know what you're buying than to discover problems after closing.
4. Consider Manette and Downtown
These neighborhoods are where Bremerton's momentum is. You'll pay a bit more now, but long-term appreciation potential is strong.
Looking Ahead: What to Expect in Spring 2026
Based on current trends, here's what we expect for Bremerton's spring market:
- Inventory will increase slightly — more sellers will list in March-May, giving buyers more options
- Prices will stay stable — we're not expecting major appreciation, but we're also not seeing a correction
- Competition will intensify — spring is peak buying season, so well-priced homes will move fast
- Interest rates may dip — if the Fed continues cutting rates, we could see mortgages in the low-6% range by summer
Bottom Line
Bremerton's housing market in February 2026 is healthy, balanced, and moving steadily. Sellers have the advantage, but only if they price correctly and present their homes well. Buyers have options, but they need to act decisively on properties that check their boxes.
If you're thinking about buying or selling in Bremerton, now is a good time to start the conversation. Spring will bring more activity, and being prepared gives you a significant edge.
Looking for a Kitsap County real estate expert? Check out our spotlight on Nolan Reynolds, Windermere realtor serving Bremerton and all of Kitsap County.
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