Home Values

Bainbridge Island Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$551,400

  • 8.4% 1-year change
  • 5.0% 1-year forecast

The median home value in Bainbridge Island is $551,400. Bainbridge Island home values have gone up 8.4% over the past year and Zillow predicts they will rise 5.0% within the next year. The median list price per square foot in Bainbridge Island is $288, which is higher than the Bremerton Metro average of $158. The median price of homes currently listed in Bainbridge Island is $648,000 while the median price of homes that sold is $538,035. The median rent price in Bainbridge Island is $2,200, which is higher than the Bremerton Metro median of $1,200.

Foreclosures will be a factor impacting home values in the next several years. In Bainbridge Island 2.0 homes are foreclosed (per 10,000). This is lower than the Bremerton Metro value of 6.7 and also lower than the national value of 4.2

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Bainbridge Island is 1.3%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Bainbridge Island homeowners underwater on their mortgage is 6.0%, which is lower than Bremerton Metro at 20.8%.

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Relative ZHVI
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Bainbridge Island Market Overview

Data through Nov 30, 2014
  • $551,400 ZHVI
  • 5.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Nov 30, 2015)
  • $648,000 Median listing price
  • $538,035 Median sale price
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Bainbridge Island Market Health

Data through Nov 30, 2014
  • 9.7/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 6.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 1.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2 homes Bainbridge Island
6.7 homes Bremerton Metro
4.2 homes United States
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Nearby Cities

Name Median ZHVI
Woodway $1,049,100
Seattle $468,900
Indianola $319,100
Name Median ZHVI
Kingston $313,100
Poulsbo $311,300
Silverdale $285,600
Name Median ZHVI
Port Orchard $239,500
Bremerton $201,500
Suquamish $190,400

Listings & Sales

Data through Nov 30, 2014
  • $288 Median list price / sq ft
  • $292 Median sale price / sq ft
  • No data Listings with price cut
13.9%
Sold below listing
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Bainbridge Island Rentals

Data through Nov 30, 2014
  • Zillow Rent Index

  • $2,223 Bainbridge Island
    $1,478 Bremerton Metro
    $1,342 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,200 Rent list price
  • $1.52 Rent list price / sq ft
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