Is Vancouver, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vancouver is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Vancouver has remained a Seller's Market.

Key Takeaway

Vancouver is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Vancouver, WA

How much do homes in Vancouver, WA cost?

Median Sold Price

$498,778

$293/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$23,842(+5.0%)

Key Takeaway

Homes in Vancouver have sold for 5% more than they did a year ago.

Summary: The median home sold price in Vancouver was $498,778 in May 2024, up 5% from last year, and the median price per square foot was $293.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $265K$272.5K
+2.8%
2 $345.2K$362K
+4.9%
3 $454.9K$467.7K
+2.8%
4 $565K$589.9K
+4.4%
5+ $700K$707.5K
+1.1%

Summary: Vancouver housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 1.1%.

Median Sold Price Compared To Nearby Cities

Camas
+7.9%
Vancouver
+5.0%
Orchards
+2.2%

Housing Supply in Vancouver, WA

How many homes are available in Vancouver, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
1,3471,516+12.5%

Summary: The Vancouver real estate market had 1,516 homes for sale in May 2024, a 12.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2333
+43.5%
2 154192
+24.7%
3 708768
+8.5%
4 352408
+15.9%
5+ 110115
+4.5%

Summary: The Vancouver housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.5%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 4.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
321288-10.3%

Asking Price vs. Sold Price

84 Homes Were Sold
Under Asking

95 Homes Were Sold
At Asking

109 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vancouver, you could pay more than the asking price. 37.8% of homes here sold above asking price last month.

Summary: A total of 288 homes were sold or pending in Vancouver in May 2024, down by 10.3% month-over-month. Of the 288 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% were sold over asking.

Days on Market for Vancouver, WA

How long does it take to sell a home in Vancouver, WA?

Average Sale Time

May 2023May 2024CHANGE
22 Days27 Days+18.7%

Summary: Homes in Vancouver had an average of 27 days on market in May 2024, up by 18.7% compared to last year.

Breakdown of Home Sale Times

214 Homes Were Sold
Under 30 Days

50 Homes Were Sold
In 30 - 90 Days

24 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Vancouver are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 288 homes were sold in Vancouver; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

Newest Listings in Vancouver, WA

Nearby Markets to Vancouver, WA

What housing markets are near Vancouver, WA?