Is Vashon Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2021
Since last year, Vashon Island has remained a Seller's Market.
Key Takeaway
Vashon Island is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
How much do homes in Vashon Island, WA cost?
Median Sold Price
$825,500
$517/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2021
-$24,500(-2.9%)
Key Takeaway
Homes in Vashon Island have sold for 2.9% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Dec 2021 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | $589K | $774.5K | +31.5% |
| 2 Bedrooms | $736.7K | $712.5K | -3.3% |
| 3 Bedrooms | $916K | $885K | -3.4% |
| 4 Bedrooms | $1.0M | $1.0M | +3.9% |
| 5+ Bedrooms | $890K | $1.2M | +43.5% |
Median Sold Price Compared To Nearby Cities
| Vashon | $850K | $826.5K | -2.8% |
| Vashon Island | $850K | $825.5K | -2.9% |
How many homes are available in Vashon Island, WA?
Number of Homes For Sale
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 30 | 24 | -20.0% |
Homes For Sale By Bedroom Count
| # BEDS | Nov 2022 | Dec 2022 | % |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 5 | 2 | -60.0% |
| 3 Bedrooms | 16 | 13 | -18.8% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Number of Homes Sold
| Nov 2022 | Dec 2022 | % |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Vashon Island, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Average Sale Time
| Dec 2021 | Dec 2022 | % |
|---|---|---|
| 20 Days | 36 Days | +73.9% |
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Vashon Island are selling fast, if you're buying plan to act quickly.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2023 Northwest MLS. All rights reserved.