Is Vashon Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Vashon Island has remained a Seller's Market.
Housing Prices in Vashon Island, WA
How much do homes in Vashon Island, WA cost?
Median Sold Price
$763,000
$465/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Vashon Island was $763,000 in June 2024, down 7.5% from last year, and the median price per square foot was $465.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $750K | $600K | -20.0% |
2 Bedrooms | $731K | $670K | -8.3% |
3 Bedrooms | $865K | $821K | -5.1% |
4 Bedrooms | $1.2M | $1.2M | +4.2% |
5+ Bedrooms | $1.6M | $505.1K | -69.4% |
Summary: Vashon Island housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 8.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 69.4%.
Median Sold Price Compared To Nearby Cities
Vashon | $825K | $765.5K | -7.2% |
Vashon Island | $825K | $763K | -7.5% |
Housing Supply in Vashon Island, WA
How many homes are available in Vashon Island, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
46 | 54 | +17.4% |
Summary: The Vashon Island real estate market had 54 homes for sale in June 2024, a 17.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 10 | 13 | +30.0% |
3 Bedrooms | 25 | 25 | 0.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Vashon Island housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 30%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 12 | +9.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 12 homes were sold or pending in Vashon Island in June 2024, up by 9.1% month-over-month. Of the 12 sold homes, 50% were sold under asking, 42% were sold at asking, and 8% were sold over asking.
Days on Market for Vashon Island, WA
How long does it take to sell a home in Vashon Island, WA?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 28 Days | +52.3% |
Summary: Homes in Vashon Island had an average of 28 days on market in Jun 2024, up by 52.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 12 homes were sold in Vashon Island; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.