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 April 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
$837,500
$367/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gig Harbor Peninsula was $837,500 in April 2024, up 1.5% from last year, and the median price per square foot was $367.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $860.5K | $727.5K | -15.5% |
2 Bedrooms | $575K | $583.7K | +1.5% |
3 Bedrooms | $742K | $769.4K | +3.7% |
4 Bedrooms | $987.5K | $1.0M | +9.9% |
5+ Bedrooms | $940K | $925.1K | -1.6% |
Summary: Gig Harbor Peninsula housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.5%, 2 bedroom homes increased by 1.5%, 3 bedroom homes increased by 3.7%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes decreased by 1.6%.
Median Sold Price Compared To Nearby Cities
Gig Harbor Peninsula | $824.9K | $837.5K | +1.5% |
Key Peninsula-Anderson Island | $478.9K | $461.2K | -3.7% |
Gig Harbor | $800K | $767.9K | -4.0% |
Housing Supply in Gig Harbor Peninsula, WA
How many homes are available in Gig Harbor Peninsula, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
194 | 226 | +16.5% |
Summary: The Gig Harbor Peninsula real estate market had 226 homes for sale in April 2024, a 16.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 20 | 22 | +10.0% |
3 Bedrooms | 105 | 124 | +18.1% |
4 Bedrooms | 51 | 60 | +17.6% |
5+ Bedrooms | 16 | 18 | +12.5% |
Summary: The Gig Harbor Peninsula housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 18.1%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
55 | 64 | +16.4% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 64 homes were sold or pending in Gig Harbor Peninsula in April 2024, up by 16.4% month-over-month. Of the 64 sold homes, 41% were sold under asking, 34% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
33 Days | 34 Days | +2.0% |
Summary: Homes in Gig Harbor Peninsula had an average of 34 days on market in Apr 2024, up by 2% compared to last year.
Breakdown of Home Sale Times
45 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 64 homes were sold in Gig Harbor Peninsula; 70% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.