Bainbridge Island real estate

Bainbridge Island Real Estate

Residential homes on Bainbridge Island were selling for a median price of about $647,000 at the end of March, a drop of 3.4% from a year ago. The March median price for closed sales was 4.1% higher than last month's median price of $670,000 (this is the second consecutive significant increase in median sales price, suggesting that at this level of sales there are buyers who are willing to pay a higher price because they need to move). Kitsap County median prices have fallen 5.3% over the past year. The YTD number of Bainbridge closed sales is down 51% from a year ago, and the YTD number of pending sales is down 54%. The number of closed sales is down 26% Countywide from a year ago. The number of active listings on Bainbridge (251) is up 39% from a year ago. The inventory turnover (total homes on the market divided by number sold last month) is 15.7 months, a significant increase from last month. Bainbridge Island is a strong buyers market.

Bainbridge Island real estate is considerably more expensive than the rest of Kitsap County, primarily because of the relatively easy commute from Bainbridge Island to downtown Seattle, which supports a wealth of higher paying jobs. Bainbridge Island is known for its high quality schools, its mixture of rural and developed properties, and its diversity of arts and culture in a relatively small community. Most Bainbridge waterfront homes now sell for more than $1 million. Trulia.com has a consise statistical summary about Bainbridge Island.

Find more in-depth information about Bainbridge Island.

Use the links below to explore all the real estate on the market on Bainbridge Island.