Is Vancouver, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Vancouver has remained a Seller's Market.
Housing Prices in Vancouver, WA
How much do homes in Vancouver, WA cost?
Median Sold Price
$498,687
$292/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Vancouver was $498,687 in April 2024, up 6.1% from last year, and the median price per square foot was $292.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $270K | +1.9% |
2 Bedrooms | $348.6K | $360K | +3.3% |
3 Bedrooms | $451.7K | $467.2K | +3.4% |
4 Bedrooms | $564.9K | $586.2K | +3.8% |
5+ Bedrooms | $707.5K | $707.5K | 0.0% |
Summary: Vancouver housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes did not change.
Housing Supply in Vancouver, WA
How many homes are available in Vancouver, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1,149 | 1,301 | +13.2% |
Summary: The Vancouver real estate market had 1,301 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 18 | 24 | +33.3% |
2 Bedrooms | 128 | 151 | +18.0% |
3 Bedrooms | 612 | 680 | +11.1% |
4 Bedrooms | 296 | 342 | +15.5% |
5+ Bedrooms | 95 | 104 | +9.5% |
Summary: The Vancouver housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 18%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 15.5%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
317 | 309 | -2.5% |
Asking Price vs. Sold Price
106 Homes Were Sold
Under Asking
94 Homes Were Sold
At Asking
109 Homes Were Sold
Over Asking
Summary: A total of 309 homes were sold or pending in Vancouver in April 2024, down by 2.5% month-over-month. Of the 309 sold homes, 34% were sold under asking, 30% were sold at asking, and 35% were sold over asking.
Days on Market for Vancouver, WA
How long does it take to sell a home in Vancouver, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
29 Days | 30 Days | +1.8% |
Summary: Homes in Vancouver had an average of 30 days on market in Apr 2024, up by 1.8% compared to last year.
Breakdown of Home Sale Times
232 Homes Were Sold
Under 30 Days
49 Homes Were Sold
In 30 - 90 Days
28 Homes Were Sold
Over 90 Days
Summary: During April 2024, 309 homes were sold in Vancouver; 75% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.