Is Vashon Island, 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 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
$774,500
$485/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Vashon Island was $774,500 in April 2024, down 6.1% from last year, and the median price per square foot was $485.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $799K | $600K | -24.9% |
2 Bedrooms | $705K | $725.5K | +2.9% |
3 Bedrooms | $870K | $840K | -3.4% |
4 Bedrooms | $990K | $1.2M | +22.0% |
5+ Bedrooms | - | $1.1M | N/A |
Summary: Vashon Island housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes increased by 2.9%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes increased by 22%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Vashon Island | $825K | $774.5K | -6.1% |
Vashon | $825K | $775K | -6.1% |
Housing Supply in Vashon Island, WA
How many homes are available in Vashon Island, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 38 | -17.4% |
Summary: The Vashon Island real estate market had 38 homes for sale in April 2024, a 17.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 13 | 8 | -38.5% |
3 Bedrooms | 25 | 22 | -12.0% |
4 Bedrooms | 5 | 5 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Vashon Island housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 38.5%, 3 bedroom homes decreased by 12%, 4 bedroom homes remained the same, 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 Island 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 Island, WA
How long does it take to sell a home in Vashon Island, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
35 Days | 66 Days | +86.9% |
Summary: Homes in Vashon Island 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 Island; 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.