Is Vashon North, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Vashon North is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Vashon North has remained a Seller's Market.

Key Takeaway

Vashon North is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Vashon North, WA

How much do homes in Vashon North, WA cost?

Median Sold Price

$745,000

$487/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+1.4%)

Key Takeaway

Homes in Vashon North have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Vashon North was $745,000 in October 2024, up 1.4% from last year, and the median price per square foot was $487.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $464.5K$385K
-17.1%
2 $670K$660.5K
-1.4%
3 $851K$787K
-7.5%
4 $932.5K$1.2M
+28.7%
5+ -$3.5M
N/A

Summary: Vashon North housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17.1%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 28.7%, and 5+ bedroom homes did not change.

Housing Supply in Vashon North, WA

How many homes are available in Vashon North, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2219-13.6%

Summary: The Vashon North real estate market had 19 homes for sale in October 2024, a 13.6% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 20
-100.0%
2 54
-20.0%
3 1010
0.0%
4 44
0.0%
5+ 11
0.0%

Summary: The Vashon North housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
47+75.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Vashon North, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Vashon North in October 2024, up by 75.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.

Days on Market for Vashon North, WA

How long does it take to sell a home in Vashon North, WA?

Average Sale Time

Oct 2023Oct 2024CHANGE
25 Days47 Days+84.7%

Summary: Homes in Vashon North had an average of 47 days on market in Oct 2024, up by 84.7% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Vashon North; 43% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 14% 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

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