Is Vashon Island, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$765,000
$499/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Vashon Island was $765,000 in March 2024, down 7.3% from last year, and the median price per square foot was $499.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $800K | $600K | -25.0% |
2 Bedrooms | $700K | $725.5K | +3.6% |
3 Bedrooms | $860K | $810K | -5.8% |
4 Bedrooms | $950K | $1.2M | +32.4% |
5+ Bedrooms | $1.2M | $1.1M | -6.3% |
Summary: Vashon Island housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 3.6%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes increased by 32.4%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
Vashon Island | $825K | $765K | -7.3% |
Vashon | $826K | $765K | -7.4% |
Housing Supply in Vashon Island, WA
How many homes are available in Vashon Island, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
33 | 44 | +33.3% |
Summary: The Vashon Island real estate market had 44 homes for sale in March 2024, a 33.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 9 | 13 | +44.4% |
3 Bedrooms | 16 | 23 | +43.8% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Vashon Island housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 43.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
5 | 18 | +260.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Vashon Island in March 2024, up by 260.0% month-over-month. Of the 18 sold homes, 17% were sold under asking, 61% were sold at asking, and 22% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
53 Days | 42 Days | -21.2% |
Summary: Homes in Vashon Island had an average of 42 days on market in Mar 2024, down by 21.2% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Vashon Island; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.