Bremerton, Spokane, and Tacoma Hot Housing Markets in 2024

November 8, 2018
Last updated:
April 25, 2024
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Washington State is currently a healthy housing market, and many centers across the state are experiencing similar market temperatures. That includes Bremerton, Spokane, and Tacoma. This article will go into greater detail about the current state of the market in these cities and what they’re expected to be like over the coming months.

According to recent data, several cities in Washington State are experiencing healthy home-price appreciation, including Bremerton, Spokane, and Tacoma. This particular forecast covers the 12-month period from April 2023 to April 2024.

Strong Markets in Bremerton, Spokane, and Tacoma

Washington is currently considered to be a very hot market right now. Home prices have increased 3.4% over the past year and now sit at $591,148. Prices have been on a steady incline over the years in Washington State, and are expected to continue on that path throughout 2024.

Some of the hottest and strongest housing markets in the country are right here in Washington State, and that includes Bremerton, Spokane, and Tacoma.

Related: Home buying process in Washington State


The market in Bremerton is somewhat competitive right now. The majority of homes receive multiple offers, many of which have their contingencies waived. Homes sell quickly in about 18 days after being listed.

The average home price in Bremerton is now $462,969 and has risen 1.2% over the past 12 months, according to Zillow.


The situation is very similar in Spokane, with homes often getting into multiple offer situations and going pending in a short period of time, on average around 23 days after listing. Hot homes sell in as little as 4 days and often go over the listing price.

Right now, prices in Spokane are averaging $386,037 and have increased 0.9% over the past 12 months.


Tacoma is also seeing a very hot market right now, with the average home price having increased 4.1% over the past 12 months and now sits at $485,018. Multiple offers are commonplace, and homes sell on average 10 days after being listed.

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The real estate market temperature for the nation as a whole is also very hot. According to Zillow, the average home price in the US is currently $354,179 and has increased 4.1% over the past 12-month period. So the metro-area real estate markets listed above are actually much higher than the national rate.

Forecasts For 2024

Just recently, the forecasts for Bremerton, Spokane, and Tacoma were very strong and optimistic. The same can be said for Washington State and the nation as a whole.

Home prices have increased at incredibly higher rates this past 12 months, and they’re expected to continue to rise, perhaps at a relatively similar pace from the past 12 months. Experts predicts that national housing prices will increase by 3.2% over the course of the next 12 months through 2024 and into the early part of 2025.

Only time will tell how the markets will do as the pandemic continues and hopefully dwindles as time passes.

RelatedWashington: one of the most expensive states for housing?

Less Inventory Available

In the past couple of years, there has been an increase in housing inventory in most cities across Washington. The trend was most noticeable in the Seattle area, but it happened elsewhere as well. That was good news for home buyers because it meant there would be more properties to choose from, compared to the shortages of the past.

But inventory is very tight right now, with far fewer homes available for sale to meet the demand. There may also be fewer sellers out there who are looking to sell because of the current health crisis.

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Need a Home Loan in Washington State?

Will you need mortgage financing to buy a home in Washington State? We can help. Sammamish Mortgage has been serving buyers across Washington, Oregon, Idaho, and Colorado since 1992. We offer a wide variety of mortgage products and programs with flexible qualification criteria. Please contact us today with any financing-related questions you have.

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