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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vashon is a seller's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Vashon, WA

How much do homes in Vashon, WA cost?

Median Sold Price

$800,000

$476/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$25,000(-3.0%)

Key Takeaway

Homes in Vashon have sold for 3% less than they did a year ago.

Summary: The median home sold price in Vashon was $800,000 in May 2024, down 3% from last year, and the median price per square foot was $476.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $799K$652.5K
-18.3%
2 $717K$710K
-1.0%
3 $875K$887K
+1.4%
4 $1.2M$1.2M
-0.2%
5+ -$1.1M
N/A

Summary: Vashon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.3%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Vashon
-3.0%
Vashon Island
-4.4%

Housing Supply in Vashon, WA

How many homes are available in Vashon, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
3851+34.2%

Summary: The Vashon real estate market had 51 homes for sale in May 2024, a 34.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 34
+33.3%
2 812
+50.0%
3 2127
+28.6%
4 57
+40.0%
5+ 11
0.0%

Summary: The Vashon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
1412-14.3%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vashon, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Vashon in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% were sold over asking.

Days on Market for Vashon, WA

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

Average Sale Time

May 2023May 2024CHANGE
7 Days18 Days+141.8%

Summary: Homes in Vashon had an average of 18 days on market in May 2024, up by 141.8% compared to last year.

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 12 homes were sold in Vashon; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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 12 Days Ago

Newest Listings in Vashon, WA

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