With fall well underway, last month's numbers offer a look at how the Bainbridge Island market has shifted since late summer. Buyers have more homes to choose from, and while fewer properties went under contract than in August, closings increased.
New Listings: 52
Pending Sales: 34
Closed Sales: 42
Days on Market: 35
Median Sales Price: $1,298,300
Sellers received an average of 98.6% of their asking price, compared with 98.8% in August. The median sales price dipped about 1.5%, a modest monthly change that can reflect the mix of homes sold.
For sellers, more available homes and fewer pending sales mean pricing and presentation deserve close attention. Buyers have options, so standing out matters. Still, September’s higher closing count and shorter average market time show that homes are continuing to sell.
For buyers, additional inventory creates more opportunity to compare properties and find the right fit. Fewer pending sales may offer some breathing room, though homes that sold in September spent slightly less time on the market than those sold in August. Being prepared remains valuable when the right home comes along.
