Is Key Peninsula-Anderson 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, Key Peninsula-Anderson Island has remained a Seller's Market.
Key Takeaway
Key Peninsula-Anderson Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Key Peninsula-Anderson Island, WA
How much do homes in Key Peninsula-Anderson Island, WA cost?
Median Sold Price
$463,333
$311/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Key Peninsula-Anderson Island have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Key Peninsula-Anderson Island was $463,333 in March 2024, down 1.4% from last year, and the median price per square foot was $311.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $312.5K | -24.7% |
| 2 Bedrooms | $425K | $410K | -3.5% |
| 3 Bedrooms | $474.9K | $473.5K | -0.3% |
| 4 Bedrooms | $650K | $677.5K | +4.2% |
| 5+ Bedrooms | $700K | $943.7K | +34.8% |
Summary: Key Peninsula-Anderson Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.7%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes increased by 34.8%.
Median Sold Price Compared To Nearby Cities
| Gig Harbor Peninsula | $835.8K | $838.6K | 0.3% |
| Lakebay | $411.2K | $406K | -1.3% |
| Key Peninsula-Anderson Island | $470K | $463.3K | -1.4% |
Housing Supply in Key Peninsula-Anderson Island, WA
How many homes are available in Key Peninsula-Anderson Island, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 80 | 97 | +21.3% |
Summary: The Key Peninsula-Anderson Island real estate market had 97 homes for sale in March 2024, a 21.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 4 | +100.0% |
| 2 Bedrooms | 18 | 20 | +11.1% |
| 3 Bedrooms | 50 | 63 | +26.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Key Peninsula-Anderson Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 26%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 24 | +60.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Key Peninsula-Anderson Island, expect to pay close to the asking price. 41.7% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Key Peninsula-Anderson Island in March 2024, up by 60.0% month-over-month. Of the 24 sold homes, 29% were sold under asking, 42% were sold at asking, and 29% were sold over asking.
Days on Market for Key Peninsula-Anderson Island, WA
How long does it take to sell a home in Key Peninsula-Anderson Island, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 103 Days | 46 Days | -55.2% |
Summary: Homes in Key Peninsula-Anderson Island had an average of 46 days on market in Mar 2024, down by 55.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Key Peninsula-Anderson Island are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 24 homes were sold in Key Peninsula-Anderson Island; 58% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 25% 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. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.