TEAM NSRG · LOCAL MARKET UPDATE
By Jeremy Minor · November 10, 2026
The Gig Harbor MLS-city area shows plenty of decisions being made alongside price adjustments: 28 pending events and 23 price reductions in the latest seven-day view. That is a useful reason to study individual homes closely, rather than assume every seller has the same negotiating position.
What I would watch as a buyer
Start with the location and property features you need, then compare similar homes and recent closings. This MLS-city search extends beyond the municipal boundary, including parts of the Key Peninsula, so a broad average can combine very different settings. A waterfront property and an inland home need their own comparisons.
What this means for sellers
The pending activity shows buyers are committing, while the price reductions show that some listings are being repositioned. I would compare your home with its nearest substitutes in location, condition and features before deciding on a price. A higher monthly city average is not a reason by itself to raise an asking price.
Seven-day listing activity
November 3 through the November 10, 2026 capture · Detached single-family filter
October prices in context
$1,130,590 Residential average sales price in October 2026
+19.4% year over year · +7.1% month over month
October’s broader Residential average was above both September and October a year earlier. The 13-month series still moves unevenly. Different closing mixes across waterfront, inland and other property types can change this average, so it does not measure appreciation of the same homes.
Gig Harbor monthly mortgage rates and Residential prices
Mortgage News Daily rate snapshot
On November 10, 2026, Mortgage News Daily’s daily 30-year fixed index was 7.30%, up 0.12 percentage point from its previous daily reading. This daily index is separate from the monthly Freddie Mac averages in the chart.
View today’s mortgage rates
Follow the MND daily rate index
Separately, Freddie Mac’s national weekly 30-year fixed average was 7.18% as of November 5, 2026. Your quote depends on the loan and borrower details, so I would confirm your payment with your lender before making an offer.
Click Below to View Listings
First Look Listings*
7923 Warren Drive NW · MLS 2600567 · Redfin*1830 56th Avenue NW · MLS 2601142 · Redfin*
A practical next step in Gig Harbor
In the Gig Harbor area, location and property details make the broad numbers more useful. If you are planning a move, I am happy to help narrow this down to the homes and comparable sales that fit your situation.
Talk with Jeremy about your next move
Jeremy Minor
Team NSRG
Data details
Exact values behind the charts. Weekly counts are overlapping listing-status events; monthly prices cover broader Residential sales.
Event category | Events |
|---|---|
First Look | 2 |
Active | 16 |
Back on Market | 6 |
Price Reduced | 23 |
Price Increased | 0 |
Contingent | 0 |
Expired | 2 |
Pending | 28 |
Sold | 7 |
Canceled | 9 |
Month | Average rate |
|---|---|
October 2025 | 6.25% |
November 2025 | 6.24% |
December 2025 | 6.19% |
January 2026 | 6.10% |
February 2026 | 6.05% |
March 2026 | 6.18% |
April 2026 | 6.33% |
May 2026 | 6.44% |
June 2026 | 6.49% |
July 2026 | 6.54% |
August 2026 | 6.67% |
September 2026 | 6.86% |
October 2026 | 7.33% |
Month | Average sales price |
|---|---|
October 2025 | $947,103 |
November 2025 | $963,423 |
December 2025 | $1,065,497 |
January 2026 | $925,572 |
February 2026 | $857,681 |
March 2026 | $975,370 |
April 2026 | $1,038,801 |
May 2026 | $999,030 |
June 2026 | $1,178,911 |
July 2026 | $1,084,249 |
August 2026 | $1,090,698 |
September 2026 | $1,055,721 |
October 2026 | $1,130,590 |
Month | Average sales price |
|---|---|
October 2024 | $1,103,687 |
October 2025 | $947,103 |
October 2026 | $1,130,590 |
Sources and scope
Weekly: Authenticated NWMLS Matrix Market Watch, “7 Day,” captured November 10, 2026 at 10:43:02 a.m. PST (UTC−08:00; 18:43:02 UTC). The displayed date criterion starts on November 3, 2026 and runs through capture. The exact starting time was not exposed; this is not an audited 168-hour window.
Filters: Single Family widget; Residential subtype; Washington; Pierce County; exact MLS City “Gig Harbor”; styles 10–18, 25 and 26; Building Information excludes Attached/Zero Lot Line; status excludes Incomplete. No additional area, community, map, price or date restrictions. The MLS City field is not a verified municipal boundary, and the Gig Harbor search includes locations beyond the city, including parts of the Key Peninsula. Categories are overlapping listing-status events, not unique homes, total inventory or a net change. “Active” counts activity during this source period, not all active listings. The previous published October 27 snapshot was checked, but its Incomplete exclusion could not be verified and the report periods are not adjacent. No matched-filter prior seven-day baseline is available, so no week-over-week change is shown.
Monthly: NWMLS InfoSparks, exact City “Gig Harbor,” Residential, Average Sales Price, Monthly. All style codes, prices, bedrooms, lot sizes, construction, square footage, waterfront selections and transaction sides. October 2026 is the latest complete month. Read November 10, 2026 around 10:50–10:55 a.m. PST; final capture 10:55:19 a.m. PST (18:55:19 UTC). Values come from the rendered InfoSparks chart, not a successfully downloaded CSV. This broader Residential series is not detached-only. The average reflects the mix of closings, not same-home appreciation or an individual property valuation. YoY compares October 2026 with October 2025; MoM compares October 2026 with September 2026. The trend chart’s dollar axis does not begin at zero.
Monthly rates: Arithmetic monthly means of the retained weekly national 30-year fixed Freddie Mac PMMS archive observations, October 2025 through October 2026. The official 2025 and 2026 archives were rechecked November 10, 2026 around 4 p.m. PST (November 11 around 00:00 UTC); all 57 displayed weekly observations were independently aggregated and matched the 13 monthly means. The source is the official rendered archive, not a downloaded historical spreadsheet. Values displayed here are rounded to two decimals; the underlying means are retained in the source file. This is an aggregation of weekly Freddie Mac observations, not a native FRED monthly export. FRED MORTGAGE30US identifies the corresponding weekly series. Both chart panels use the same months with separate vertical scales; neither axis starts at zero. The comparison does not establish a causal relationship between rates and local prices.
Dated rate context: Freddie Mac PMMS, November 5, 2026; Mortgage News Daily daily index, November 10, 2026, with the historical daily reading reverified on November 10. Different methods and periods; these are national reference figures, not personal loan quotes.
Listing links: *Both First Look links match the exact MLS numbers and addresses captured by NWMLS on November 10. The 7923 Warren Drive NW Redfin page displayed a November 8 update; the 1830 56th Avenue NW page displayed a November 5 update and was verified on November 10 at approximately 4:05 p.m. PST. These are public status checks, not the source of the seven-day event counts. The sixteen Active destinations were not verified. Availability can change.
Artwork: Reused undated Team NSRG city-inspired editorial illustrations, not photographs or verified exact city views.
