The Bainbridge Island real estate market remains strong due to constrained supply and sustained demand from Puget Sound professionals. Median single-family home prices range between $1.3M and $1.5M+, with inventory levels typically under 2 months of supply. Waterfront and downtown Winslow condos continue to command premium pricing per square foot.
Key Market Metrics
- Median Sales Price: ~$1,350,000 – $1,500,000
- Average Days on Market (DOM): 18–35 Days for appropriately priced single-family homes.
- Months of Supply: ~1.5 to 2.2 Months (indicating a persistent seller’s market).
Micro-Market Breakdown
- Winslow Condos & Townhomes: High demand driven by buyers seeking single-level living and immediate ferry access.
- Inland Single-Family Homes: Acreage parcels and mid-island developments show steady appreciation and multiple-offer scenarios when turnkey.
- Low-Bank Waterfront: Premium inventory exceeding $2.5M to $5M+ operating in a specialized high-net-worth niche.
What This Means for Buyers & Sellers
- Buyers: Pre-approval, inspection contingency strategy, and fast response times are vital.
- Sellers: Accurate pricing based on immediate 30-day comp data ensures maximum competition.