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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vashon Island is a 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

# BEDSDec 2021Dec 2022%
1 $589K$774.5K
+31.5%
2 $736.7K$712.5K
-3.3%
3 $916K$885K
-3.4%
4 $1.0M$1.0M
+3.9%
5+ $890K$1.2M
+43.5%

Median Sold Price Compared To Nearby Cities

Vashon
-2.8%
Vashon Island
-2.9%

How many homes are available in Vashon Island, WA?

Number of Homes For Sale

Nov 2022Dec 2022%
3024-20.0%

Homes For Sale By Bedroom Count

# BEDSNov 2022Dec 2022%
1 34
+33.3%
2 52
-60.0%
3 1613
-18.8%
4 32
-33.3%
5+ 33
0.0%

Number of Homes Sold

Nov 2022Dec 2022%
911+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

Asking vs Sold - buyer

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 2021Dec 2022%
20 Days36 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

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Vashon Island, WA

There are 24 homes are for sale in Vashon Island, WA real estate market. The number of homes for sale in Vashon Island, WA decreased by 20% between November 2022 and December 2022. In December 2022 median list price was $825,500 and the average listing age was 36 days. Real estate listing prices changed between November 2022 and December 2022: prices of 1 bedroom properties increased by 31.5%, prices of 2 bedrooms properties decreased by 3.3%, the cost of 3 bedrooms properties went down by 3.4%, prices of 4 bedrooms properties went up by 3.9%, the cost of 5 bedrooms properties went up by 43.5%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 33.3%, the quantity of 2 bedrooms homes went down by 60%, 3 bedrooms homes became 18.8% less available, 4 bedrooms homes became 33.3% less available, the quantity of 5 bedrooms homes have not changed. In December 2022 more than 1 listings in Vashon Island, WA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 5 were sold below.

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