Is Vancouver, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Vancouver has remained a Seller's Market.
Key Takeaway
Vancouver is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vancouver, WA
How much do homes in Vancouver, WA cost?
Median Sold Price
$498,778
$293/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Vancouver have sold for 5% more than they did a year ago.
Summary: The median home sold price in Vancouver was $498,778 in May 2024, up 5% from last year, and the median price per square foot was $293.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $272.5K | +2.8% |
| 2 Bedrooms | $345.2K | $362K | +4.9% |
| 3 Bedrooms | $454.9K | $467.7K | +2.8% |
| 4 Bedrooms | $565K | $589.9K | +4.4% |
| 5+ Bedrooms | $700K | $707.5K | +1.1% |
Summary: Vancouver housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 1.1%.
Housing Supply in Vancouver, WA
How many homes are available in Vancouver, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1,347 | 1,516 | +12.5% |
Summary: The Vancouver real estate market had 1,516 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 33 | +43.5% |
| 2 Bedrooms | 154 | 192 | +24.7% |
| 3 Bedrooms | 708 | 768 | +8.5% |
| 4 Bedrooms | 352 | 408 | +15.9% |
| 5+ Bedrooms | 110 | 115 | +4.5% |
Summary: The Vancouver housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 43.5%, 2 bedroom homes increased by 24.7%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 15.9%, and 5+ bedroom homes increased by 4.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 321 | 288 | -10.3% |
Asking Price vs. Sold Price
84 Homes Were Sold
Under Asking
95 Homes Were Sold
At Asking
109 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vancouver, you could pay more than the asking price. 37.8% of homes here sold above asking price last month.
Summary: A total of 288 homes were sold or pending in Vancouver in May 2024, down by 10.3% month-over-month. Of the 288 sold homes, 29% were sold under asking, 33% were sold at asking, and 38% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 22 Days | 27 Days | +18.7% |
Summary: Homes in Vancouver had an average of 27 days on market in May 2024, up by 18.7% compared to last year.
Breakdown of Home Sale Times
214 Homes Were Sold
Under 30 Days
50 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vancouver are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 288 homes were sold in Vancouver; 74% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.