Is Vashon, 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, Vashon has remained a Seller's Market.
Key Takeaway
Vashon is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Vashon, WA
How much do homes in Vashon, WA cost?
Median Sold Price
$800,000
$476/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Vashon have sold for 3% less than they did a year ago.
Summary: The median home sold price in Vashon was $800,000 in May 2024, down 3% from last year, and the median price per square foot was $476.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $799K | $652.5K | -18.3% |
| 2 Bedrooms | $717K | $710K | -1.0% |
| 3 Bedrooms | $875K | $887K | +1.4% |
| 4 Bedrooms | $1.2M | $1.2M | -0.2% |
| 5+ Bedrooms | - | $1.1M | N/A |
Summary: Vashon housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.3%, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Vashon | $825K | $800K | -3.0% |
| Vashon Island | $825K | $789K | -4.4% |
Housing Supply in Vashon, WA
How many homes are available in Vashon, WA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 38 | 51 | +34.2% |
Summary: The Vashon real estate market had 51 homes for sale in May 2024, a 34.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 21 | 27 | +28.6% |
| 4 Bedrooms | 5 | 7 | +40.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Vashon housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 28.6%, 4 bedroom homes increased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 14 | 12 | -14.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Vashon, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Vashon in May 2024, down by 14.3% month-over-month. Of the 12 sold homes, 58% were sold under asking, 8% were sold at asking, and 33% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 7 Days | 18 Days | +141.8% |
Summary: Homes in Vashon had an average of 18 days on market in May 2024, up by 141.8% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Vashon are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 12 homes were sold in Vashon; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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. 
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.