Is Vancouver, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vancouver is a seller's market

Buyer's
Market

Difference Since October 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

$504,966

$295/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,122(+3.1%)

Key Takeaway

Homes in Vancouver have sold for 3.1% more than they did a year ago.

Summary: The median home sold price in Vancouver was $504,966 in October 2024, up 3.1% from last year, and the median price per square foot was $295.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $260K$270K
+3.8%
2 $349.3K$366.4K
+4.9%
3 $464.1K$476.1K
+2.6%
4 $583.4K$599.9K
+2.8%
5+ $710K$712K
0.3%

Summary: Vancouver housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 2.6%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 0.3%.

Median Sold Price Compared To Nearby Cities

Camas
+11.6%
Vancouver
+3.1%
Orchards
+3.0%

Housing Supply in Vancouver, WA

How many homes are available in Vancouver, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1,5351,591+3.6%

Summary: The Vancouver real estate market had 1,591 homes for sale in October 2024, a 3.6% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 3033
+10.0%
2 178193
+8.4%
3 777762
-1.9%
4 417460
+10.3%
5+ 133143
+7.5%

Summary: The Vancouver housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 8.4%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 7.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
331324-2.1%

Asking Price vs. Sold Price

122 Homes Were Sold
Under Asking

114 Homes Were Sold
At Asking

88 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vancouver, you may be able to get a good deal. 37.7% of homes here sold below asking price last month.

Summary: A total of 324 homes were sold or pending in Vancouver in October 2024, down by 2.1% month-over-month. Of the 324 sold homes, 38% were sold under asking, 35% were sold at asking, and 27% 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

Oct 2023Oct 2024CHANGE
33 Days47 Days+43.6%

Summary: Homes in Vancouver had an average of 47 days on market in Oct 2024, up by 43.6% compared to last year.

Breakdown of Home Sale Times

166 Homes Were Sold
Under 30 Days

103 Homes Were Sold
In 30 - 90 Days

55 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Vancouver are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 324 homes were sold in Vancouver; 51% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

Newest Listings in Vancouver, WA

Nearby Markets to Vancouver, WA

What housing markets are near Vancouver, WA?