Is Gig Harbor, WA 98332 a buyer’s or seller’s market?

The Gig Harbor housing market right now

In the three months ending August 31, 2026, 29% of homes in Gig Harbor, WA 98332 sold above their list price, the typical home went under contract in 13 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 90 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 23%, homes sold faster (22 days then) and the median sale price rose 9% to $1,027,629. Overall, Gig Harbor is more competitive than a year ago, so tougher for buyers.

Within Pierce County, homes here sell faster than in 71% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Gig Harbor ranks #93 of 298 WA ZIP codes with enough sales (score 64 out of 100).

Nearby, buyers who want less competition could look at Mckenna 98558 (0% sold over asking) or Vaughn 98394 (0% sold over asking), while Carbonado 98323 (80% sold over asking) and Tacoma 98418 (55% sold over asking) are even more competitive.