Is Gig Harbor, 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, Gig Harbor has remained a Seller's Market.
Housing Prices in Gig Harbor, WA
How much do homes in Gig Harbor, WA cost?
Median Sold Price
$767,916
$358/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gig Harbor was $767,916 in April 2024, down 4% from last year, and the median price per square foot was $358.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $825K | $547K | -33.7% |
2 Bedrooms | $640K | $567.5K | -11.3% |
3 Bedrooms | $730.8K | $712K | -2.6% |
4 Bedrooms | $885K | $1.0M | +18.6% |
5+ Bedrooms | $887.4K | $940K | +5.9% |
Summary: Gig Harbor housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.7%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes increased by 5.9%.
Median Sold Price Compared To Nearby Cities
Gig Harbor Peninsula | $824.9K | $837.5K | +1.5% |
Gig Harbor | $800K | $767.9K | -4.0% |
Housing Supply in Gig Harbor, WA
How many homes are available in Gig Harbor, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
216 | 246 | +13.9% |
Summary: The Gig Harbor real estate market had 246 homes for sale in April 2024, a 13.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 25 | 29 | +16.0% |
3 Bedrooms | 124 | 137 | +10.5% |
4 Bedrooms | 50 | 60 | +20.0% |
5+ Bedrooms | 15 | 17 | +13.3% |
Summary: The Gig Harbor housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 13.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
62 | 68 | +9.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 68 homes were sold or pending in Gig Harbor in April 2024, up by 9.7% month-over-month. Of the 68 sold homes, 40% were sold under asking, 32% were sold at asking, and 28% were sold over asking.
Days on Market for Gig Harbor, WA
How long does it take to sell a home in Gig Harbor, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 35 Days | -0.9% |
Summary: Homes in Gig Harbor had an average of 35 days on market in Apr 2024, down by 0.9% compared to last year.
Breakdown of Home Sale Times
48 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 68 homes were sold in Gig Harbor; 71% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.