Are Bidding Wars Still Common in Gig Harbor?

Bidding wars were a defining characteristic of the pandemic era housing market, and many buyers and sellers want to know whether they are still happening in Gig Harbor as we move through 2026. The short answer is yes, bidding wars do still occur, but they are more selective and strategic than they were during the peak frenzy of 2021 and 2022.

Gig Harbor’s low inventory continues to create competitive situations for homes that are priced correctly, well maintained, and located in highly desirable neighborhoods. Properties with water views, updated interiors, acreage, or walkable proximity to downtown tend to attract immediate attention. These homes often receive multiple offers within the first few days because they stand out in a market where high quality listings remain scarce.

However, the nature of bidding wars has evolved. In earlier years, buyers were frequently waiving inspections, escalating far above list price, and making rushed decisions simply to secure a home. In 2026, buyers are more thoughtful and intentional. They are willing to compete, but they expect value, transparency, and solid condition. Offers may still exceed list price, but escalation is more grounded in market reality.

Buyers relocating from higher priced markets like California, Colorado, or the Seattle metro area continue to contribute to competitive situations. These buyers often come prepared with strong financial qualifications and clear goals. When they find the right home, they move quickly, which keeps Gig Harbor’s competitive edge alive.

Sellers should not assume every home will spark a bidding war. The homes that perform best are the ones presented with care. Staging, professional photography, pre inspection reports, and thoughtful pricing strategies dramatically increase the likelihood of multiple offers. Even in a strong market, preparation is the difference between an average result and an exceptional one.

For buyers, navigating bidding scenarios requires confidence, preparation, and the right strategy. Having a pre approval in place, understanding neighborhood values, and working with a skilled local agent can position you to compete without overextending.

Gig Harbor remains one of the most desirable communities in the Puget Sound region. As long as inventory stays low and demand stays high, competitive offers will continue to be part of the landscape.

If you would like guidance on how to win in a multiple offer situation or how to position your home to attract the strongest offers possible, I am here to help.

Lindsay Jackman

Lindsay Jackman | Realtor
Real Broker LLC
Direct: 253 266 1067

www.lindsayjackman.com