Gig Harbor Housing Update & Community Highlights - February 2025
Hello, Gig Harbor! The housing market is heating up after the usual January lull, and we're entering February with quite a bit of intensity. Whether you're thinking
about listing your home or simply keeping up with the trends in Gig Harbor, you’ve come to the right place. Let’s dive into the housing stats for February 2025 and also take a look at what’s happening in the community this month. Spoiler alert: there’s a lot to do!
Gig Harbor Housing Market - February 2025: Strong Start
We’re entering February with some seriously strong energy in the housing market. It’s no surprise that January had a dip in new resale listings, but that’s just the calm before the storm. Buyers are coming out of their post-holiday hibernation, and the demand for homes is picking up, especially in the mid-price range. There’s something about that fresh new year vibe that has people itching to find their dream homes, and Gig Harbor is no exception.
Here’s a quick look at the numbers from January and the first of February:
Price Range 0–350K: We saw a slight increase in the number of active listings (from 3 in January to 5 on February 1st). This is a shortage market, with just 1.3 months of inventory. That means if you’re looking in this price range, don’t blink, or you might miss out!
Price Range 350K–500K: Inventory got a little tight here too, with only 8 new listings coming on the market. This is a severe shortage market with just 0.5 months of supply. Buyers, you better be ready to move fast!
Price Range 500K–750K: There’s a little more breathing room here with 30 active listings as of February 1st. But with 1.8 months of supply, it’s still a shortage market, so don’t expect any deals to just fall into your lap.
Price Range 750K–1M: A strong market with 25 listings and 1.5 months of supply. The intensity is definitely there. Sellers, if you’ve been thinking about listing in this price range, this is the time to make your move!
Price Range 1M–1.5M: With 19 active listings and a supply of 1.6 months, this price range is still buzzing with activity. Expect very strong sales activity here.
Price Range 1.5M+: There’s still some room to grow in the luxury market, with 17 active listings and 4.3 months of inventory. This is an availability market, meaning buyers might have a bit more selection, but don’t expect any bargains.
The overall sales activity intensity for the month is very strong, with a 52.9% pending rate. This is one of those times where if you see something you like, it’s probably going to disappear quickly. So, whether you’re a buyer or seller, make sure you're prepared to move fast!
Key Takeaways:
The market is showing very strong sales activity across most price ranges, with the 0-350K and 350K-500K price ranges seeing the most intense competition.
The higher-end market (1M+) is experiencing availability with more listings to choose from, but don’t get too comfy—this is still a highly competitive market.
Buyers, you’re going to need to come prepared. Sellers, now’s a great time to list if you want to take advantage of the demand.
Now, while you’re keeping an eye on those listings, let’s shift gears and talk about the fun stuff going on in Gig Harbor this month.
Community Activities - February 2025
Visit the Harbor History Museum If you're a fan of local history or just looking for a fun way to spend an afternoon, the Harbor History Museum is the place to be. With exhibits that cover everything from the area's early maritime history to modern-day Gig Harbor, there’s something for everyone. Don’t forget to check out the beautiful waterfront views while you're there. It’s the perfect spot to warm up and dive into Gig Harbor's rich past.
Visit Sehmel Homestead Park Sehmel Homestead Park is an excellent spot for outdoor lovers, and it’s just a short drive from downtown Gig Harbor. This park offers beautiful trails for walking or hiking, a serene pond for birdwatching, and plenty of space for a picnic or a leisurely afternoon. With the mild weather we’ve been experiencing, it’s a great place to get outside and stretch your legs.
Bike the Cushman Trail For those of you who are ready to get moving, the Cushman Trail is a local favorite. Whether you’re on a bike, on foot, or even rollerblading (hey, no judgment), this trail offers some of the best scenic views around. You can enjoy the beautiful woods, spot some wildlife, and get your heart pumping while taking in the natural beauty of Gig Harbor. It’s a great way to get out and enjoy the fresh air while staying active.
Wine Tasting at Local Wineries If you’re more of a wine enthusiast, you’re in luck! Gig Harbor has a growing wine scene, and there are a number of local wineries offering tastings. Whether you prefer reds, whites, or a nice rose, there’s a winery that’ll suit your taste. After all, what better way to spend a chilly February afternoon than sipping some local wine while enjoying the cozy atmosphere of these charming wineries?
Wrapping Up
Whether you're buying, selling, or just enjoying the amazing things Gig Harbor has to offer, February is shaping up to be a month full of activity. The housing market is off to a strong start, and with the low inventory levels in most price ranges, it’s clear that we’re in for another exciting year. So, if you’re looking to buy or sell, don’t wait too long—this market is moving fast!
As always, if you have any questions about the housing market or if you’re ready to make a move, feel free to reach out to me. I’m here to help with all your real estate needs in Gig Harbor!
Enjoy February, and make sure to take some time to enjoy all that this beautiful community has to offer!
