Median price for residential apartments in Bainbridge Island, WA as of Nov, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
46 Bainbridge Island, WA, USA apartments for sale
Bainbridge Island
According to statistics, the population in Bainbridge Island, WA amounts to 23,689, which shows decline 0% compared to the previous year. The median age of the city’s residents is 48. The average household income is $109,341, shifting growth 6% from the past year, and the average property value in Bainbridge Island, WA growth 10% to $624,200 throughout the year.
| Population | 23,689 |
| Median Age | 47.7 |
| Poverty Rate | 5% |
| Household Income | $109,341 |
| Number Of Employees | 10,860 |
| Median Property Value | $624,200 |
Household Income
The average household income in Bainbridge Island, WA grew from $102,906 to $109,341 in the past year. This data is an estimate based upon 9,679 households in Bainbridge Island, WA . The chart below presents how household income is distributed in Bainbridge Island, WA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Bainbridge Island, WA shifted from $569,700 to $624,200 throughout the year. The subsequent graph indicates the share of properties in the given price range in Bainbridge Island, WA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Bainbridge Island, WA properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Bainbridge Island, WA compared to median property taxes around the country. The prevalent amount of property taxes in Bainbridge Island, WA equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Bainbridge Island, WA, USA
Average apartment sale in Bainbridge Island: $1,156,035 (-25%)
| Apartment Size | Nov | vs Last Month |
|---|---|---|
| Studio apartments | $529,571 | -16.3% |
| 1-bed apartments | $615,000 | +37.4% |
| 2-bed apartments | $743,167 | -51.9% |
| 3-bed apartments | $1,006,987 | -44.6% |
| 4+ bed apartments | $2,044,888 | +28.3% |
During Nov 2022, the average price for an apartment in/near Bainbridge Island, WA decreased by 25% to $1,156,035.
After collecting all data points, we now see that the average price for 1-bed apartment increased by 37.4% to $615,000. Asking price for 2-bed apartment also decreased by 51.9% and a place of this size will now cost you $743,167. A 3-bed apartment goes for $1,006,987, it decreased by 44.6% lately. We discerned the rise of 4- and more bed apartment price. It increased by 28.3% and made it up to $2,044,888.
| Listing Type | Nov | vs Last Month |
|---|---|---|
| Condos for sale | $735,714 | -18.9% |
| Land for sale | $529,571 | -16.3% |
| Townhouses for sale | $799,000 | N/A |
| Houses for sale | $1,719,688 | -12.6% |
Price reports demonstrate that house price decreased by 12.6% this month making it up to $1,719,688. Condos faced an upward trend these days. The median price for a condo decreased by 18.9%, it’s now available for $735,714. Value of the townhouses didn’t change, the price still starts at $799,000.