Gig Harbor Real Estate Market Update | June 2025

Well guys, it’s officially summer in Gig Harbor, and the real estate market is buzzing with movement, shifts, and opportunity. Whether you're thinking about buying a home in Gig Harbor or preparing to list your property, this Gig Harbor real estate market update breaks down what’s happening right now.

🔺 Home Prices Holding Strong

The average home price in Gig Harbor is holding steady around $900,000, with many homes still going under contract in less than 10 days. This reflects ongoing demand and limited supply in the most desirable neighborhoods.

For those wondering “Is now a good time to buy a house in Gig Harbor?”, the answer depends on your goals. Buyers are becoming more selective, so sellers in Gig Harbor need to price realistically and prepare their homes well.

🏡 Inventory Is Rising (Finally)

We’ve seen a sharp increase in available homes, with housing inventory in Gig Harbor rising over 40% since April. This seasonal bump is giving buyers more to choose from, creating a healthier balance between supply and demand.

This is good news if you’re buying a home in Gig Harbor, especially in competitive neighborhoods like Gig Harbor North or near the downtown waterfront.

⚖️ A Shift Toward Balance

While we’re not in a full buyer’s market, the Gig Harbor housing market is clearly cooling. Trends show:

• Fewer bidding wars

• More room for negotiation

• Price reductions driving buyer urgency

Homes in top condition and well-priced are still moving quickly. Others are sitting longer, signaling a shift in leverage.

📊 What’s Selling (and What’s Not)

Here’s a snapshot of how different segments of the market are performing:

Gig Harbor home prices have remained strong across the board, with the largest jump in smaller properties—likely due to increased demand from downsizers and remote workers.

⏳ How Fast Are Homes Selling?

Speed is still a major factor in many areas. For example, homes in Gig Harbor North often sell in 4 to 5 days.

Across the region, about 70% of homes are closing within 30 days. If you’re wondering how fast homes are selling in Gig Harbor, the answer is: quickly, especially if they’re priced and presented well.

🌲 Local Snapshot: Neighborhood Nuances

• Downtown Gig Harbor real estate remains hot due to walkability and water views

• Peninsula and Key Peninsula homes offer more space and value per square foot

• Gig Harbor North homes are seeing the fastest turnaround times and strongest pricing

Knowing the differences between neighborhoods helps both buyers and sellers in Gig Harbor make smarter moves.

📝 What This Means for You

If you’re selling a home in Gig Harbor:
Price it right, stage it well, and work with a professional who understands what buyers are looking for in this evolving market.

If you’re buying:
You have more options now than you’ve had in months. Watch for value in 3-bedroom homes and less competitive price points. Be sure to get pre-approved and stay ready—homes still move fast.

If you’re investing:
This is a great time to explore the best neighborhoods in Gig Harbor for long-term value, especially as market balance continues to return.

Final Thoughts

The Gig Harbor housing market in June 2025 is adjusting, but it’s still strong. With rising inventory, steady demand, and fewer bidding wars, there’s real opportunity on both sides of the transaction.

Whether you're planning to buy, sell, or invest in Gig Harbor real estate, working with a knowledgeable local expert gives you the edge. I’m here to guide you with clear insight, smart strategy, and deep roots in this community.

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Lindsay Jackman
The Lindsay Jackman Group
Hometown | Luxury | Real Estate