Is Gig Harbor Peninsula, 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, Gig Harbor Peninsula has remained a Seller's Market.
Housing Prices in Gig Harbor Peninsula, WA
How much do homes in Gig Harbor Peninsula, WA cost?
Median Sold Price
$856,000
$371/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Gig Harbor Peninsula was $856,000 in June 2024, up 4.5% from last year, and the median price per square foot was $371.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $770K | $965K | +25.3% |
2 Bedrooms | $622.5K | $576K | -7.5% |
3 Bedrooms | $732.7K | $808.8K | +10.4% |
4 Bedrooms | $984.3K | $1.0M | +10.7% |
5+ Bedrooms | $908.9K | $950K | +4.5% |
Summary: Gig Harbor Peninsula housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.3%, 2 bedroom homes decreased by 7.5%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 4.5%.
Median Sold Price Compared To Nearby Cities
Gig Harbor Peninsula | $818.8K | $856K | +4.5% |
Key Peninsula-Anderson Island | $470K | $468.3K | -0.4% |
Gig Harbor | $799.4K | $780K | -2.4% |
Housing Supply in Gig Harbor Peninsula, WA
How many homes are available in Gig Harbor Peninsula, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
242 | 293 | +21.1% |
Summary: The Gig Harbor Peninsula real estate market had 293 homes for sale in June 2024, a 21.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 20 | 25 | +25.0% |
3 Bedrooms | 133 | 157 | +18.0% |
4 Bedrooms | 68 | 88 | +29.4% |
5+ Bedrooms | 17 | 20 | +17.6% |
Summary: The Gig Harbor Peninsula housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 17.6%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
73 | 63 | -13.7% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 63 homes were sold or pending in Gig Harbor Peninsula in June 2024, down by 13.7% month-over-month. Of the 63 sold homes, 27% were sold under asking, 32% were sold at asking, and 41% were sold over asking.
Days on Market for Gig Harbor Peninsula, WA
How long does it take to sell a home in Gig Harbor Peninsula, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 19 Days | -11.2% |
Summary: Homes in Gig Harbor Peninsula had an average of 19 days on market in Jun 2024, down by 11.2% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 63 homes were sold in Gig Harbor Peninsula; 83% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.