Is Bainbridge Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Bainbridge Island has remained a Seller's Market.
Key Takeaway
Bainbridge Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Bainbridge Island, WA
How much do homes in Bainbridge Island, WA cost?
Median Sold Price
$1,200,000
$543/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Bainbridge Island have sold for 4.3% less than they did a year ago.
Summary: The median home sold price in Bainbridge Island was $1,200,000 in March 2024, down 4.3% from last year, and the median price per square foot was $543.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $591K | $604.5K | +2.3% |
| 2 Bedrooms | $865K | $925K | +6.9% |
| 3 Bedrooms | $1.2M | $1.2M | -3.6% |
| 4 Bedrooms | $1.5M | $1.6M | +7.5% |
| 5+ Bedrooms | $2.2M | $1.7M | -20.7% |
Summary: Bainbridge Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 6.9%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes decreased by 20.7%.
Housing Supply in Bainbridge Island, WA
How many homes are available in Bainbridge Island, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 58 | 77 | +32.8% |
Summary: The Bainbridge Island real estate market had 77 homes for sale in March 2024, a 32.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 15 | 22 | +46.7% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 9 | 12 | +33.3% |
| 5+ Bedrooms | 2 | 5 | +150.0% |
Summary: The Bainbridge Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 46.7%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 150%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 19 | 0.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bainbridge Island, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Bainbridge Island in March 2024, the same as the previous month. Of the 19 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 33 Days | +41.5% |
Summary: Homes in Bainbridge Island had an average of 33 days on market in Mar 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Bainbridge Island are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 19 homes were sold in Bainbridge Island; 63% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.