Is Gig Harbor, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gig Harbor is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Gig Harbor has remained a Seller's Market.

Key Takeaway

Gig Harbor is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Gig Harbor, WA

How much do homes in Gig Harbor, WA cost?

Median Sold Price

$825,000

$367/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$45,353(+5.8%)

Key Takeaway

Homes in Gig Harbor have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Gig Harbor was $825,000 in October 2024, up 5.8% from last year, and the median price per square foot was $367.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $675K$707.5K
+4.8%
2 $617.5K$565K
-8.5%
3 $711.6K$754.5K
+6.0%
4 $970K$1.0M
+8.5%
5+ $898.9K$987.4K
+9.8%

Summary: Gig Harbor housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.8%, 2 bedroom homes decreased by 8.5%, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 9.8%.

Median Sold Price Compared To Nearby Cities

Gig Harbor Peninsula
+6.6%
Gig Harbor
+5.8%

Housing Supply in Gig Harbor, WA

How many homes are available in Gig Harbor, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
321313-2.5%

Summary: The Gig Harbor real estate market had 313 homes for sale in October 2024, a 2.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 5354
+1.9%
3 160155
-3.1%
4 8182
+1.2%
5+ 2520
-20.0%

Summary: The Gig Harbor housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 1.9%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes increased by 1.2%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
7382+12.3%

Asking Price vs. Sold Price

45 Homes Were Sold
Under Asking

22 Homes Were Sold
At Asking

15 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gig Harbor, you may be able to get a good deal. 54.9% of homes here sold below asking price last month.

Summary: A total of 82 homes were sold or pending in Gig Harbor in October 2024, up by 12.3% month-over-month. Of the 82 sold homes, 55% were sold under asking, 27% were sold at asking, and 18% 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

Oct 2023Oct 2024CHANGE
30 Days44 Days+45.9%

Summary: Homes in Gig Harbor had an average of 44 days on market in Oct 2024, up by 45.9% compared to last year.

Breakdown of Home Sale Times

41 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

13 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gig Harbor are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 82 homes were sold in Gig Harbor; 50% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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Newest Listings in Gig Harbor, WA

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MLS Disclaimers and Copyright

Based on information from Northwest Multiple Listing Service, and Regional Multiple Listing Service for the period 11/01/2022 - 11/01/2024

IDX Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe 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.

DMCA Notice

Disclaimer: The information contained in this listing has not been verified by Rocket Homes Real Estate, LLC and should be verified by the buyer. All information deemed reliable but not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. All properties are subject to prior sale, change or withdrawal. Neither broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Days on site is calculated from the listing date of the current listing and includes the sum of market time from prior listings for the same property uninterrupted by a sale or more than 60 days off-market. Time off market, including time when a sale is pending, temporarily off market, etc. is not included.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 1:47:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDXThe 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.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 3:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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