Is Vashon, 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, Vashon has remained a Seller's Market.
Housing Prices in Vashon, WA
How much do homes in Vashon, WA cost?
Median Sold Price
$775,000
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Vashon was $775,000 in April 2024, down 6.1% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $799K | $612.5K | -23.3% |
2 Bedrooms | $705K | $725.5K | +2.9% |
3 Bedrooms | $875K | $840K | -4.0% |
4 Bedrooms | $990K | $1.2M | +22.0% |
5+ Bedrooms | - | $1.1M | N/A |
Summary: Vashon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 22%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Vashon | $825K | $775K | -6.1% |
Vashon Island | $825K | $774.5K | -6.1% |
Housing Supply in Vashon, WA
How many homes are available in Vashon, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 41 | -12.8% |
Summary: The Vashon real estate market had 41 homes for sale in April 2024, a 12.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 14 | 9 | -35.7% |
3 Bedrooms | 25 | 22 | -12.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Vashon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 35.7%, 3 bedroom homes decreased by 12%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 14 | -22.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Vashon in April 2024, down by 22.2% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% were sold over asking.
Days on Market for Vashon, WA
How long does it take to sell a home in Vashon, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 66 Days | +86.9% |
Summary: Homes in Vashon had an average of 66 days on market in Apr 2024, up by 86.9% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Vashon; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.