99131
$680,000median sale price
The 99131 zip code, located in Gig Harbor, WA, is currently classified as a leaning buyer's. The median sale price stands at $680,000, representing a +28.3% change year over year. Homes in this area spend an average of 82 days on the market before going under contract. There are currently 1 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 99131 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
1
Last 12 weeks
Days on market
82
Average pace
Active listings
1
Sale-to-list
97.1%
Below asking
Market trends
Market analysis for 99131
The 99131 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 97.1% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 99131 have increased +28.3% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
Community profile
Population
122
Median income
$34,081/yr
Median age
70.2 years
Owner-occupied
6120.0%
College grads
830.0%
Living in 99131
Zip code 99131 is home to approximately 122 residents. The median household income is $34,081 per year, which shapes the types of homes and amenities available in the area. With a median age of 70.2 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 6120.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 830.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 99131.
Frequently asked questions about 99131
What is the median home price in 99131?
The current median sale price in 99131 is $680,000, based on recent Redfin transaction data. Prices have changed +28.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 99131 a buyer's or seller's market?
The 99131 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 99131?
Zip code 99131 has a population of approximately 122 residents. The median household income is $34,081 per year. About 6120.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 99131?
Properties Incorporated provides comprehensive data for 99131 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 99131 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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