Comprehensive market data and analysis• Updated Dec 2025
19.3 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 1 | 2 | 9 | 21 |
| 1-2 acres | - | 2 | 6 | 18 |
| 2-5 acres | - | - | 3 | 14 |
| 5-10 acres | 2 | 2 | 4 | 10 |
| 10-20 acres | - | 1 | 2 | 3 |
| 20-50 acres | - | - | 1 | 2 |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 7 | 25 | 68 |
Acreage buckets
The median price for land in Gig Harbor, Washington is currently $114K per acre. For a typical parcel, the median sale price is $265K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $78K while premium lots reached $595K.
Gig Harbor, Washington is currently a strong buyer's market with 19.3 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 30.9% year-over-year.
Gig Harbor, Washington currently has 19.3 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
Over the past 12 months, Gig Harbor, Washington saw 69 properties sold, totaling $20.2M in sales volume. In just the last 3 months, 7 properties changed hands.
The median land price in Gig Harbor, Washington stands at $265K. This translates to roughly $114K per acre for the typical parcel size. The average price is $293K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Gig Harbor, Washington is 5.2% (3-month basis), indicating slow demand. With depreciating values (-30.9% YoY), buyers may find value opportunities. The top-performing broker in this market is Coldwell Banker Tomlinson.
Land in Gig Harbor, Washington typically sells within 70 days of listing. The median time on market is 26 days. Properties are moving at a moderate pace in the current strong buyer's market.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
