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Featured local agent — Gig Harbor, WA
Sarah Mitchell
Compass Real Estate · Gig Harbor, WA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Gig Harbor, WA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$960,000median sale price
How is the Gig Harbor, WA housing market right now?
The median home sale price in Gig Harbor, WA is $960,000, up 5.5% year-over-year. Homes sell in an average of 16 days with 155 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gig Harbor a buyer's or seller's market?
Gig Harbor, WA is currently a seller's market, based on 2.5 months of supply and homes selling in about 16 days. How we determine this →
Homes sold
61
Last 12 weeks
Days on market
16
Fast-moving
Active listings
155
2.5 months supply
Sale-to-list
100.4%
Above asking
What does the Gig Harbor housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $960,000 |
| Median list price | $1.01M |
| Year-over-year price change | +5.5% |
| Average days on market | 16 days |
| Active inventory | 155 listings |
| Months of supply | 2.5 months |
| Sale-to-list price ratio | 100.4% |
| Median price per sq ft | $386/sq ft |
| Homes sold (latest month) | 61 |
| New listings (latest month) | 114 |
| Listings with a price cut | 36.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Gig Harbor by property type?
How the Gig Harbor, WA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $940,000 | $386/sq ft | 57 | 18 days |
| Condo / Co-op | $1.10M | $401/sq ft | 3 | 10 days |
| Townhouse | $659,800 | $418/sq ft | 1 | 2 days |
Source: Redfin · Updated monthly
The Gig Harbor housing market is currently classified as a seller's market with a median sale price of $960,000. Prices have risen 5.5% compared to last year, with homes spending an average of 16 days on market, indicating 2.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 7.8x provides context for how home values compare to local earning capacity.
Homes for sale in Gig Harbor
There are currently 155 homes listed for sale in Gig Harbor, Washington. The median listing price is $1.0M.
Active listings
155
Homes on market
Median list price
$1.0M
Avg. days on market
16
Days until sale
New this week
114
Newly listed
Who lives in Gig Harbor?
Population
12,202
Median income
$106,042/yr
Median age
47.6 years
Owner-occupied
62.6%
College grads
50.6%
Avg commute
29 min
Source: U.S. Census Bureau ACS
What are homes worth in Gig Harbor?
Zillow home value
$828,733
Zillow rent index
$2,938/mo
Price-to-rent ratio
23.5x
Price-to-income
7.8x
Source: Zillow Research
What is it like to live in Gig Harbor?
Gig Harbor is a community of approximately 12K residents with a median age of 47.6 years.The median household income is $106,042, which reflects a relatively affluent area with strong earning potential. 50.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.6%, showing a blend of owner and renter-occupied properties. The average commute time is 29 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gig Harbor offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gig Harbor?
14 schools tracked · 7,954 students
The largest public schools serving Gig Harbor, WA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Gig Harbor High
Grades 9-12 · 1,439 students
Peninsula High School
Grades 9-12 · 1,395 students
Harbor Ridge Middle School
Grades 6-8 · 597 students
Swift Water Elementary
Grades K-5 · 514 students
Purdy Elementary School
Grades PK-5 · 509 students
Pioneer Elementary School
Grades K-5 · 494 students
Goodman Middle School
Grades 6-8 · 480 students
Kopachuck Middle School
Grades 6-8 · 479 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gig Harbor, WA?
Want a head-to-head view? Compare Gig Harbor side-by-side with any other U.S. city using our market-comparison tool.
Is Gig Harbor a good real estate investment market?
For investors evaluating Gig Harbor, the price-to-rent ratio of 23.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.5% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Gig Harbor's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Gig Harbor's median home price.
Frequently asked questions
What is the average home price in Gig Harbor?
The median home sale price in Gig Harbor is $960,000, up 5.5% from last year.
How long do homes stay on market in Gig Harbor?
Homes typically spend 16 days on market before going under contract.
What is the median income in Gig Harbor?
The median household income is $106,042 per year.
Is Gig Harbor a buyer's or seller's market?
With 2.5 months of supply, Gig Harbor is currently a seller's market.
What is the Zillow home value estimate for Gig Harbor?
The Zillow Home Value Index (ZHVI) for Gig Harbor is $828,733, representing the typical home value in the area.
What is the median condo price in Gig Harbor?
The median condo/co-op sale price in Gig Harbor, WA is $1.10M, compared to $940,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gig Harbor?
The median single-family home price in Gig Harbor, WA is $940,000 (about $386 per square foot).
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