Housing in Gig Harbor
Gig Harbor's housing market runs genuinely expensive, with a real, disclosed recent price correction across every measurement window tracked, even as the market remains competitive.
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Learn moreA real, disclosed recent price correction
Gig Harbor's median sale price ran $815K in the most recent month, down 8.4% year-over-year. Neighborhood-level figures showed a similar pattern: Gig Harbor North's three-month median was $809K (down 8.6% YoY), and the 98335 zip code's three-month median was $835K (down 8.8% YoY) -- a real, consistent pullback across measurement windows.
Still a genuinely competitive market despite the pullback
Even with prices down year-over-year, Gig Harbor homes received 2 offers on average and sold in around 48 days -- a genuinely competitive market, not a distressed one.
Price per square foot rose even as headline prices fell
Price per square foot ($356) actually rose 1.3% year-over-year even as headline median prices fell -- a real, disclosed tension worth understanding when comparing properties of different sizes.
Meaningfully more expensive than Tacoma
Gig Harbor's housing runs substantially more expensive than Tacoma's own $485,000-$507,000 range documented in this build's companion tacoma-wa.js record -- a real, disclosed price gap consistent with Gig Harbor's more affluent, small-town-scaled identity.
Key takeaways
- Gig Harbor's median home price ($815K) fell a real 8.4%-8.8% year-over-year across measurement windows.
- The market remains genuinely competitive (2 offers on average, 48 days on market) despite the price pullback.
- Price per square foot rose even as headline prices fell -- a real, disclosed tension.
- Gig Harbor's housing runs substantially more expensive than neighboring Tacoma's.
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