Team Luxe Real Estate | Market Insights

Gig Harbor, WA

Single-Family Homes

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



Gig Harbor, WA

Mon Jun 16 2025
This week the median list price for Gig Harbor, WA is $1,097,499 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has held steady at or around 170. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gig Harbor, WA

Mon Jun 16 2025
This week the median list price for Gig Harbor, WA is $1,097,499 with the market action index hovering around 39. This is less than last month's market action index of 43. Inventory has held steady at or around 170. 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 cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gig Harbor market.
Median List Price $1,097,499
Median Price of New Listings $1,047,750
Per Square Foot $400
Average Days on Market 60
Median Days on Market 28
Price Decreased 44%
Price Increased 2%
Relisted 6%
Inventory 170
Median Rent
Market Action 39
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$2,199,000 4,043 0.5 - 1 acre 4 2.5 31 5 2 35
$1,299,475 3,094 0.5 - 1 acre 3 2.5 37 6 4 31
$950,000 2,679 0.25 - 0.5 acre 4 2.5 25 6 5 28
$698,950 1,819 0.25 - 0.5 acre 3 2 36 7 11 28