Is Bainbridge Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Bainbridge Island has remained a Seller's Market.
Housing Prices in Bainbridge Island, WA
How much do homes in Bainbridge Island, WA cost?
Median Sold Price
$1,200,000
$556/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Bainbridge Island was $1,200,000 in June 2024, down 0.9% from last year, and the median price per square foot was $556.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $593.5K | $599K | +0.9% |
2 Bedrooms | $956.2K | $925K | -3.3% |
3 Bedrooms | $1.1M | $1.2M | +2.2% |
4 Bedrooms | $1.5M | $1.5M | +1.6% |
5+ Bedrooms | $1.4M | $1.8M | +31.3% |
Summary: Bainbridge Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.9%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 2.2%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 31.3%.
Housing Supply in Bainbridge Island, WA
How many homes are available in Bainbridge Island, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
148 | 170 | +14.9% |
Summary: The Bainbridge Island real estate market had 170 homes for sale in June 2024, a 14.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 9 | +200.0% |
2 Bedrooms | 35 | 33 | -5.7% |
3 Bedrooms | 74 | 93 | +25.7% |
4 Bedrooms | 32 | 30 | -6.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Bainbridge Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes increased by 25.7%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
37 | 52 | +40.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
22 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Bainbridge Island in June 2024, up by 40.5% month-over-month. Of the 52 sold homes, 42% were sold under asking, 15% were sold at asking, and 42% were sold over asking.
Days on Market for Bainbridge Island, WA
How long does it take to sell a home in Bainbridge Island, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
17 Days | 19 Days | +6.6% |
Summary: Homes in Bainbridge Island had an average of 19 days on market in Jun 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 52 homes were sold in Bainbridge Island; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.