Is Vashon, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Vashon was a Seller's Market.
Housing Prices in Vashon, WA
How much do homes in Vashon, WA cost?
Median Sold Price
$765,000
$503/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Vashon was $765,000 in February 2024, down 7.7% from last year, and the median price per square foot was $503.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $800K | $625K | -21.9% |
2 Bedrooms | $710K | $725.5K | +2.2% |
3 Bedrooms | $879K | $810K | -7.8% |
4 Bedrooms | $1.0M | $1.2M | +19.3% |
5+ Bedrooms | $1.2M | $1.1M | -6.3% |
Summary: Vashon housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 21.9%, 2 bedroom homes increased by 2.2%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
Vashon Island | $826.5K | $765K | -7.4% |
Vashon | $828.5K | $765K | -7.7% |
Housing Supply in Vashon, WA
How many homes are available in Vashon, WA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
29 | 33 | +13.8% |
Summary: The Vashon real estate market had 33 homes for sale in February 2024, a 13.8% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Vashon housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Vashon in February 2024, down by 44.4% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% 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
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
39 Days | 67 Days | +68.0% |
Summary: Homes in Vashon had an average of 67 days on market in Feb 2024, up by 68% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During February 2024, 5 homes were sold in Vashon; 60% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.