Is Belfair, WA 98528 a buyer’s or seller’s market?

The Belfair housing market right now

In the three months ending August 31, 2026, 14% of homes in Belfair, WA 98528 sold above their list price, the typical home went under contract in 34 days and there were 4.1 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 38 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 41%, homes sold more slowly (19 days then) and the median sale price fell 2% to $514,777. Overall, Belfair is less competitive than a year ago, which gives buyers more room.

Within Mason County, homes here sell more slowly than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Belfair ranks #228 of 298 WA ZIP codes with enough sales (score 44 out of 100).

Nearby, buyers who want less competition could look at Tahuya 98588 (0% sold over asking) or Matlock 98560 (0% sold over asking), while Lilliwaup 98555 (50% sold over asking) and Shelton 98584 (22% sold over asking) are even more competitive.