Is Bainbridge Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$554/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Bainbridge Island have sold for 4% less than they did a year ago.
Summary: The median home sold price in Bainbridge Island was $1,200,000 in April 2024, down 4% from last year, and the median price per square foot was $554.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $591K | $604.5K | +2.3% |
| 2 Bedrooms | $857.5K | $989.5K | +15.4% |
| 3 Bedrooms | $1.2M | $1.2M | -0.9% |
| 4 Bedrooms | $1.5M | $1.6M | +6.3% |
| 5+ Bedrooms | $2.2M | $1.7M | -19.2% |
Summary: Bainbridge Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 19.2%.
Housing Supply in Bainbridge Island, WA
How many homes are available in Bainbridge Island, WA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 77 | 113 | +46.8% |
Summary: The Bainbridge Island real estate market had 113 homes for sale in April 2024, a 46.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 21 | 29 | +38.1% |
| 3 Bedrooms | 34 | 53 | +55.9% |
| 4 Bedrooms | 12 | 23 | +91.7% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Bainbridge Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 55.9%, 4 bedroom homes increased by 91.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 30 | +66.7% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bainbridge Island, expect to pay close to the asking price. 36.7% of homes here sold near the asking price last month.
Summary: A total of 30 homes were sold or pending in Bainbridge Island in April 2024, up by 66.7% month-over-month. Of the 30 sold homes, 33% were sold under asking, 37% were sold at asking, and 30% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 48 Days | 28 Days | -40.6% |
Summary: Homes in Bainbridge Island had an average of 28 days on market in Apr 2024, down by 40.6% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
2 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 April 2024, 30 homes were sold in Bainbridge Island; 87% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 7% 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.