Comprehensive market data and analysis• Updated Oct 2026
16.1 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 2 | 6 | 12 | 18 |
| 1-2 acres | 1 | 4 | 6 | 11 |
| 2-5 acres | - | - | 3 | 6 |
| 5-10 acres | - | 1 | 4 | 8 |
| 10-20 acres | - | - | - | 3 |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 3 | 11 | 25 | 46 |
Acreage buckets
The median price for land in Gig Harbor, Washington is currently $223K per acre. For a typical parcel, the median sale price is $300K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $100K while premium lots reached $1.0M.
Gig Harbor, Washington is currently a strong buyer's market with 16.1 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have increased 74.0% year-over-year.
Gig Harbor, Washington currently has 16.1 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
Over the past 12 months, Gig Harbor, Washington saw 50 properties sold, totaling $25.8M in sales volume. In just the last 3 months, 11 properties changed hands.
The median land price in Gig Harbor, Washington stands at $300K. This translates to roughly $223K per acre for the typical parcel size. The average price is $516K, indicating some higher-priced properties pulling up the average.
The current absorption rate in Gig Harbor, Washington is 6.2% (3-month basis), indicating slow demand. With appreciating values (+74.0% YoY), the market shows growth potential.
Land in Gig Harbor, Washington typically sells within 83 days of listing. The median time on market is 50 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, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Gig Harbor on LandyDandy.
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