Market data compiled from NWMLS, refreshed manually each quarter. Automatic refresh begins when the licensed feed is connected.

Puget Sound · Q1 2026

South Sound

Gig Harbor, Fox Island, Hood Canal, and the quieter reaches south of the Narrows: protected bays, working docks, and saltwater value the metro lakes cannot match.

Closed sales
44
no prior-year basis
New listings
12
no prior-year basis
Median sale price
$855,000
no prior-year basis
Avg price / sq ft
$560
no prior-year basis
Avg waterfront footage
111 ft
no prior-year basis
Days on market
92 days
no prior-year basis

Three-year trajectory

Median sale price (line) and closed sales (bars) by quarter

Top waterfront sales · Q1 2026

Address MLS # Frontage Sale price
107 27th Ave · Gig Harbor 2466039 high-bank $4,000,000
4193 NE N Shore Rd · Belfair 2488418 no-bank $2,999,950
14341 E State Rt 106 · Belfair 2403608 low-bank $2,850,000

The South Sound is the most varied and most attainable saltwater in the region, and it rewards people who understand it. The area runs from Gig Harbor and the Narrows down through the protected inlets, Carr, Case, Henderson, and Budd, and out along Hood Canal toward Shelton, which is why a single quarter can hold a four million dollar Gig Harbor estate and a modest cabin on a quiet reach. Two things separate a strong buy from a regret here, and neither photographs: the condition of the bulkhead, because saltwater and tide work a shoreline far harder than a lake does, and the tidelands and shellfish rights, which on Hood Canal in particular can be a real part of the value. Gig Harbor anchors the high end, but the inlets and the Canal are where the privacy and the value live. For anyone weighing the South Sound, I can help you read what you are actually getting at the waterline.

Coverage: Gig Harbor, Fox Island, Olympia, Tacoma, Steilacoom, Anderson Island, Key Peninsula. Listing data courtesy of Northwest MLS. Information deemed reliable but not guaranteed.

← Back to the full Q1 2026 report

For buyers & sellers

Get the Northwest Waterfront Report

Every shoreline, every quarter, with the context that does not fit inside a listing. Free, and it comes straight from me.

I am a

Your information comes to me directly. No list, no spam.

For waterfront owners on Puget Sound

What is your waterfront actually worth?

Online estimates are wrong about waterfront more often than anywhere else, because the value lives in the things they cannot see: frontage, exposure, bank type, and the condition of what sits below the waterline. If you are even curious, I will put together a private read on your home. No obligation.

This comes to me directly. No obligation, no pressure, no list.

Get the report