Is Vancouver, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$496,498
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Vancouver was $496,498 in March 2024, up 5.6% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265.9K | $270K | +1.5% |
2 Bedrooms | $350K | $360K | +2.9% |
3 Bedrooms | $454.9K | $465.4K | +2.3% |
4 Bedrooms | $565.2K | $585K | +3.5% |
5+ Bedrooms | $715K | $700K | -2.1% |
Summary: Vancouver housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes decreased by 2.1%.
Housing Supply in Vancouver, WA
How many homes are available in Vancouver, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,483 | 1,573 | +6.1% |
Summary: The Vancouver real estate market had 1,573 homes for sale in March 2024, a 6.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 25 | 30 | +20.0% |
2 Bedrooms | 178 | 184 | +3.4% |
3 Bedrooms | 730 | 772 | +5.8% |
4 Bedrooms | 431 | 451 | +4.6% |
5+ Bedrooms | 119 | 136 | +14.3% |
Summary: The Vancouver housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
262 | 272 | +3.8% |
Asking Price vs. Sold Price
91 Homes Were Sold
Under Asking
86 Homes Were Sold
At Asking
95 Homes Were Sold
Over Asking
Summary: A total of 272 homes were sold or pending in Vancouver in March 2024, up by 3.8% month-over-month. Of the 272 sold homes, 33% were sold under asking, 32% were sold at asking, and 35% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
44 Days | 39 Days | -10.7% |
Summary: Homes in Vancouver had an average of 39 days on market in Mar 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
154 Homes Were Sold
Under 30 Days
82 Homes Were Sold
In 30 - 90 Days
36 Homes Were Sold
Over 90 Days
Summary: During March 2024, 272 homes were sold in Vancouver; 57% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.