Is Vancouver, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Vancouver has remained a Seller's Market.
Housing Prices in Vancouver, WA
How much do homes in Vancouver, WA cost?
Median Sold Price
$499,721
$294/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Vancouver was $499,721 in June 2024, up 5.2% from last year, and the median price per square foot was $294.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $270K | +1.9% |
2 Bedrooms | $344.8K | $367.9K | +6.7% |
3 Bedrooms | $455.7K | $469.5K | +3.0% |
4 Bedrooms | $569.4K | $589.9K | +3.6% |
5+ Bedrooms | $730K | $700K | -4.1% |
Summary: Vancouver housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 4.1%.
Housing Supply in Vancouver, WA
How many homes are available in Vancouver, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,484 | 1,594 | +7.4% |
Summary: The Vancouver real estate market had 1,594 homes for sale in June 2024, a 7.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 30 | 39 | +30.0% |
2 Bedrooms | 183 | 199 | +8.7% |
3 Bedrooms | 761 | 803 | +5.5% |
4 Bedrooms | 401 | 431 | +7.5% |
5+ Bedrooms | 109 | 122 | +11.9% |
Summary: The Vancouver housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 11.9%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
341 | 349 | +2.3% |
Asking Price vs. Sold Price
136 Homes Were Sold
Under Asking
88 Homes Were Sold
At Asking
125 Homes Were Sold
Over Asking
Summary: A total of 349 homes were sold or pending in Vancouver in June 2024, up by 2.3% month-over-month. Of the 349 sold homes, 39% were sold under asking, 25% were sold at asking, and 36% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
22 Days | 25 Days | +16.8% |
Summary: Homes in Vancouver had an average of 25 days on market in Jun 2024, up by 16.8% compared to last year.
Breakdown of Home Sale Times
240 Homes Were Sold
Under 30 Days
94 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Summary: During June 2024, 349 homes were sold in Vancouver; 69% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.