$10,000 Closing Credit*
$925,000
1,841 SqFt
3 Beds
•2 Full Baths, 1 Partial
Larry Kight, Listing Office: Coldwell Banker Bain
Is Bainbridge Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,249,133
$554/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$49,133(+4.1%)
Key Takeaway
Homes in Bainbridge Island have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Bainbridge Island was $1,249,133 in November 2024, up 4.1% from last year, and the median price per square foot was $554.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $692.5K | $369K | -46.7% |
| 2 Bedrooms | $910K | $989K | +8.7% |
| 3 Bedrooms | $1.2M | $1.2M | +3.7% |
| 4 Bedrooms | $1.5M | $1.5M | -0.7% |
| 5+ Bedrooms | $1.6M | $1.9M | +13.6% |
Summary: Bainbridge Island housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 46.7%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 13.6%.
Housing Supply in Bainbridge Island, WA
How many homes are available in Bainbridge Island, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 141 | 119 | -15.6% |
Summary: The Bainbridge Island real estate market had 119 homes for sale in November 2024, a 15.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 5 | -58.3% |
| 2 Bedrooms | 40 | 35 | -12.5% |
| 3 Bedrooms | 62 | 56 | -9.7% |
| 4 Bedrooms | 18 | 17 | -5.6% |
| 5+ Bedrooms | 9 | 6 | -33.3% |
Summary: The Bainbridge Island housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 58.3%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 9.7%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 31 | 30 | -3.2% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Bainbridge Island, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Bainbridge Island in November 2024, down by 3.2% month-over-month. Of the 30 sold homes, 53% were sold under asking, 33% were sold at asking, and 13% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 58 Days | +68.5% |
Summary: Homes in Bainbridge Island had an average of 58 days on market in Nov 2024, up by 68.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
8 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 November 2024, 30 homes were sold in Bainbridge Island; 37% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 27% 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.