in Bainbridge Island, WA • 2026 Buying Guide
Best Month
February
$790K
Avoid
July
$969K
Potential Savings
$179K
18.5% difference
Market Type
Seller's
1.4 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$1.08M
-13.2% YoY
Days on Market
44
median days
Inventory
30
active listings
Sale-to-List Ratio
97.4%
room to negotiate
Jan
$905K
Feb
$790K
BestMar
$917K
Apr
$958K
May
$957K
Jun
$961K
Jul
$969K
PeakAug
$959K
Sep
$934K
Oct
$943K
Nov
$930K
Dec
$953K
Based on historical sales data in Bainbridge Island
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
Pro Tip: With Bainbridge Island's median price at $1.08M, a 20% down payment would be approximately $216K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Bainbridge Island's housing market, February is typically the best time to buy a condo. During this month, prices average around $790K, which is 18.5% lower than peak prices in July. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Bainbridge Island is $1.08M. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed -13.2%. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Bainbridge Island is currently a seller's market with only 1.4 months of inventory. While competition is higher, condos can still be good purchases if you're prepared to act quickly. Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Key considerations for buying a condo in Bainbridge Island include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Bainbridge Island currently spend an average of 44 days on market. This is typical for a balanced market with reasonable time to make decisions.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Bainbridge Island's median price of $1.08M, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Bainbridge Island? Our analysis shows that February typically offers the best prices, with homes averaging around $790K. Buying during this time could save you up to $179K compared to peak months like July.
With a median price of $1.08M and homes spending an average of 44 days on market, Bainbridge Island is currently a seller's market. There's currently 1.4 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Working with a local real estate agent who knows Bainbridge Island can help you understand neighborhood dynamics, identify the best opportunities, and negotiate effectively in this market.
Connect with local agents who specialize in condos.