$10,000 Closing Credit*
$1,099,000
2,552 SqFt
4 Beds
•2 Full Baths
Jennie Wetter, Listing Office: Infinity Real Estate, LLC
Is Gig Harbor, 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, 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
$815,937
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$20,055(+2.5%)
Key Takeaway
Homes in Gig Harbor have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Gig Harbor was $815,937 in November 2024, up 2.5% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $615K | $1.0M | +72.4% |
| 2 Bedrooms | $627.5K | $560K | -10.8% |
| 3 Bedrooms | $718K | $743.5K | +3.6% |
| 4 Bedrooms | $1.0M | $1.0M | +5.0% |
| 5+ Bedrooms | $898.9K | $1.0M | +17.6% |
Summary: Gig Harbor housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 72.4%, 2 bedroom homes decreased by 10.8%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 17.6%.
Median Sold Price Compared To Nearby Cities
| Gig Harbor Peninsula | $826K | $870.2K | +5.3% |
| Gig Harbor | $795.8K | $815.9K | +2.5% |
Housing Supply in Gig Harbor, WA
How many homes are available in Gig Harbor, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 289 | 241 | -16.6% |
Summary: The Gig Harbor real estate market had 241 homes for sale in November 2024, a 16.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 54 | 50 | -7.4% |
| 3 Bedrooms | 139 | 115 | -17.3% |
| 4 Bedrooms | 77 | 62 | -19.5% |
| 5+ Bedrooms | 18 | 13 | -27.8% |
Summary: The Gig Harbor housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 17.3%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes decreased by 27.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 85 | 65 | -23.5% |
Asking Price vs. Sold Price
31 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gig Harbor, you may be able to get a good deal. 47.7% of homes here sold below asking price last month.
Summary: A total of 65 homes were sold or pending in Gig Harbor in November 2024, down by 23.5% month-over-month. Of the 65 sold homes, 48% were sold under asking, 32% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 36 Days | 52 Days | +41.7% |
Summary: Homes in Gig Harbor had an average of 52 days on market in Nov 2024, up by 41.7% compared to last year.
Breakdown of Home Sale Times
33 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
17 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gig Harbor are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 65 homes were sold in Gig Harbor; 51% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 26% 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. 
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
The 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.