Real Estate Market Report - Vancouver, WA (Jan, 2024)

by Matt Kachevas

Current Market Condition

575

Active Listings

386

Pending Listings

$510,000

Median List Price

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The median sale/list price for the given data seems to fluctuate throughout the year, with the highest point in May at $509,950 and the lowest in December at $467,450 in the first set of data. In the second set of data, the median sale/list price is more stable, staying around $485,000 for several months before increasing slightly to $502,650 in July.

Median Sale/List Price

List Price

Sale Price

The median sale price per square foot in January 2023 was $264.674, which gradually increased to $293.949 in July 2023. After that, it fluctuated but remained between $283.544 and $292.969 for the rest of the year.

Median Sale Price per Square Foot

The median sale price to list price ratio for the year 2023 remains consistently high at 1.0, except for January where it is slightly lower at 0.991. This suggests that homes are generally selling very close to or at their original listed price.

Median Sale Price to List Price Ratio

The data shows a steady increase in the number of properties sold/listed from January to June, with a peak in May and June for both categories. However, there is a decline in the number of properties listed/sold from July to December, with a significant drop in December. Overall, more properties were sold than listed throughout the year.

Properties Sold/Listed

Properties Listed

Properties Sold

The median days on the market for properties in the given area started at 62 days in January 2023, gradually decreased to 35 days in May, and then increased to 54 days by December. The lowest median days on the market was in April at 38 days, while the highest was in January at 62 days.

Median Days on Market