Gig Harbor Real Estate Market Update – April 2025

It’s time for another unapologetically honest look at what’s happening in Gig Harbor’s real estate market. No sugar-coating, no hand-holding—just the real numbers, the real politics, and what it all means for you if you live here, want to live here, or just like keeping score.

Mortgage Rates and Home Prices: What’s the Deal?

As of April 2025, the average 30-year fixed mortgage rate has climbed to 6.5%. Meanwhile, the median home price in Gig Harbor is sitting around $875,000—up again.

Translation? Home prices are rising faster than interest rates. Housing inflation is very real around here, and waiting it out probably isn’t the winning strategy you think it is.

Advice for Buyers: "Marry the House, Date the Rate"

Scared of those higher rates? You’re not alone. But here’s the thing:

• Buy now, secure today’s home prices.
• Refinance later when rates eventually ease.
• Waiting = you’ll likely pay even more for the same house.

There’s no "perfect time" to jump in. There's just sooner vs. more expensive later.

✅ Download my free Gig Harbor Buyer’s Guide ➔

Advice for Sellers: Presentation is Power

If you’re selling right now, you’re in a strong position—but only if you play it smart.

• Price it right (not dream-world fantasy right—market right).
• Prep your home to shine (seriously, clean everything).
• Stand out in a competitive, high-stakes environment.

Buyers are still hungry, but they’re picky. Don’t give them reasons to ghost you.

Political Spotlight: The New Comprehensive Plan (and Why You Should Care)

The City of Gig Harbor is pushing a new Comprehensive Plan—and it could reshape everything.

• Swede Hill: Density could explode from 6 to 32 dwelling units per acre.
• Point Fosdick & Olympic Drive: Also targeted for massive upzoning.

This is being steered by Eric Baker, Director of Community Development, and the official line is all about "housing for all income levels." But let’s be real: neighbors aren’t buying it.

• Henderson Bay Estates and Horizon West residents are already rallying against it.
• Concern is growing about traffic, environmental impact, and the erosion of community identity.

If you care about the character of Gig Harbor, now is the time to speak up.

Environmental and Infrastructure Red Flags

More people = more pressure. And let’s not pretend Gig Harbor’s infrastructure is ready to scale overnight.

• Traffic: Just look at the Wollochet interchange — already a known crash magnet.
• Sewer and wastewater: Limited capacity.
• Environmental degradation: A real threat if growth isn’t properly managed.

Without serious infrastructure investments, this growth could wreck the very things that make Gig Harbor desirable.

The Rush Job: Overdue and Now Pushed Hard

Technically, Gig Harbor was supposed to update its Comprehensive Plan by December 31, 2024. They blew the deadline. Now they’re scrambling—and pushing big changes fast before enough residents can catch up.

A public hearing was held on March 24, 2025, but many locals didn’t even know it was happening.

Stay informed. Stay loud. Or don’t be surprised when things change without your input.

✅ Download my free Market Guide

Final Thoughts: Be Part of the Future You Want

Whether you’re a buyer, a seller, or just a concerned citizen, one thing’s clear: Staying passive is not an option.

• Get involved.
• Know what’s happening in your town.
• Make decisions with your eyes wide open.

Gig Harbor’s future is being decided right now. Let’s make sure it stays a place worth fighting for.