Area Insights of Gig Harbor, WA
Stay ahead with market trends and local insights that matter.
Market Trends
Home prices are trending down by 2% year-over-year, with a median list price of $799,500 and a median sale price of $800,000. Properties sell at an average of $965,220, typically spending 72 days on the market.
Location
Gig Harbor, WA
Date
Avg Sale Price
Demand Insights
The market maintains its steady pace indicating a consistent buyer interest. A total of 876 homes were sold with 244 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.
Location
Gig Harbor, WA
Date
Price Ratio
Schools
Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.
Elementary School
Gig Harbor Academy
PK to 5
Lighthouse Christian School
KG to 8
St Nicholas Catholic School
PK to 8
Middle School
Goodman Middle School
6 to 8
Ratings
B+
Harbor Ridge Middle School
6 to 8
Ratings
B
Korachuck Middle School
6 to 8
Ratings
A-
High School
Peninsula Alternative Programs
9 to 12
Henderson Bay Alternative High School
9 to 12
Ratings
C+
Peninsula High School
9 to 12
Ratings
A-
Gig Harbor High School
9 to 12
Ratings
A-
Climate
Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.
Demographics
Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.
Population
With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 15% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.
Average Age is 44 Years
Household Details
The area's household landscape is diverse, with 82% owner-occupied homes and 18% renter-occupied properties. Family households represent 76% of the population, indicating a strong community focus on family living. The average home value stands at $971,336, which suggests ample demand for multi-bedroom properties.
Racial Diversity
The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 4% Asian, 1% Black, and 1% Native residents, alongside 81% White and 7% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.
Income
The area reflects a well-distributed income pattern with approximately 58% of households earning over $100,000 annually, while 24% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.
Employment
The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.
% of People are working in various industries.