Team Luxe Real Estate | Market Insights

Gig Harbor, WA

Single-Family Homes

206-672-5724 | https://teamluxere.com/



Gig Harbor, WA

Tue Mar 11 2025
This week the median list price for Gig Harbor, WA is $925,000 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 73. Click here to stay informed with the Gig Harbor market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Gig Harbor, WA

Tue Mar 11 2025
This week the median list price for Gig Harbor, WA is $925,000 with the market action index hovering around 44. This is an increase over last month's market action index of 43. Inventory has increased to 73. Click here to stay informed with the Gig Harbor market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

The market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Gig Harbor market.
Median List Price $925,000
Median Price of New Listings $1,212,000
Per Square Foot $382
Average Days on Market 106
Median Days on Market 35
Price Decreased 36%
Price Increased 1%
Relisted 8%
Inventory 73
Median Rent
Market Action 44
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,600,000 4,899 0.5 - 1 acre 4 5 23 3 4 101
$1,199,500 2,894 0.25 - 0.5 acre 4 3 13 3 2 35
$797,000 2,161 0.5 - 1 acre 3 3 39 2 2 21
$595,000 1,719 0.25 - 0.5 acre 3 2 33 2 5 70