Vancouver, WA Housing Market: Trends & Insights 2025

Name: Vancouver, WA Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Overview

Supply

Demand

Buy or Sell

Vancouver Housing Market Overview

The Vancouver, WA, real estate market is highly competitive at present. The median home price has decreased by 5.2% year-over-year, and is currently $460,000. Properties stay on the market for just 15 days before they go under contract. This month, 145 homes were sold, which marks a 7.1% decrease from last year. The market shows quick sales despite price adjustments.

Vancouver's housing market offers diverse options for various budgets. You can find riverfront condos, family-friendly suburban homes, and historic properties here. The city has experienced some price moderation after previous market surges, and maintains its appeal. With views of the Columbia River, its proximity to Portland, and no state income tax, Vancouver is a popular destination for buyers.

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Vancouver Housing Supply

Vancouver's affordability compared to Portland and strong job market attract plenty of homebuyers. At present, there are 232 homes for sale in Vancouver, Washington. This is a 16% increase from this time last year, and also includes 175 new listings. The increasing inventory presents more options for buyers. However, Vancouver's housing supply sits at 1.6 months, which maintains competitive conditions in the market.

Housing availability in Vancouver shifts with the seasons. More homes hit the market during spring and summer, and buyers aim to secure properties before the year-end holidays. Homes in popular areas like Felida, Hazel Dell, and Downtown maintain their value despite recent price adjustments. So, buyers should act decisively when they find a suitable property. Before you make your offers, you should inspect properties thoroughly and look for any negotiation points.

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Vancouver Housing Demand

Vancouver's housing market shows intense competition. 31.4% of homes sell above list price. On the other hand, 22.2% of homes sell below asking price, a 7.7 percentage point decrease from last year. The sale-to-list price ratio is 99.7%, which signals that sellers typically receive very close to the asking price. The sale-to-list price ratio helps determine market dynamics. Currently, it reflects sustained demand.

As a home seller, price your house strategically from the start. This helps attract serious buyers in this evolving market. You might have to adjust expectations given the decline in prices and spike in inventory recently. To maximize your house's exposure, you can list your home on the Washington MLS. If you're buying a house in Vancouver, the 15-day market time requires quick decisions. You're likely to face competition, so negotiate smartly on homes that meet your needs.

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Strong
Buyer

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Balanced

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Buyer’s Market

Seller’s Market

Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.

Vancouver Market: When to Buy or Sell?

The Vancouver housing market shifts between competitive phases throughout the year. It generally aligns with trends in the Washington housing market, albeit with local variations. While prices have adjusted downward, sales are still rapid. When inventory rises in spring, buyers gain more options. When market activity peaks in summer, sellers enjoy more showings.

With Vancouver's housing supply at 1.6 months, the market remains relatively tight, as opposed to the balanced US housing market. Buyers must move quickly despite price drops, while sellers can expect reasonable offers if they price accurately. These trends can help you time your purchase or sale for the best outcome.

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Frequently Asked Questions

How has the average house price in Vancouver changed over the past year?

Vancouver's house prices have decreased by 5.2% over the past year, reaching a median of $460,000. You can find out your home's current market value with our free home value estimator, and compare it with other properties in your area.

What are Vancouver housing market predictions for 2025?

The average price of homes in Vancouver should stabilize after recent corrections in the coming months. Demand is likely to remain steady, though rising mortgage rates could affect affordability in this market.

What's the average home price in Vancouver?

The average house price in Vancouver varies by neighborhood and property type. Costs typically range from $280,000 for condos to $500,000 for single-family homes. If you want to buy a house here, you can explore homes for sale in Vancouver.

Is this a good time to buy a home in Vancouver, WA?

First, check Vancouver housing market trends for supply and demand insights, to determine if it's a buyer's or seller's market. At present, buyers can benefit from decreasing prices despite quick market times.

What are the current Vancouver housing market trends?

The Vancouver housing market shows continued activity despite price corrections. Properties move within a median time of 15 days. Competition remains high for well-priced homes in desirable areas. If you want to buy or sell in Vancouver, check the city's housing market trends for the best timing.

When will the Vancouver housing market crash?

Vancouver housing market forecasts suggest that a crash remains unlikely. The moderate price corrections should stabilize the market without a collapse.

How to buy a home in Vancouver?

Start with a clear budget and mortgage pre-approval. Afterwards, search for Vancouver houses for sale. Then, submit offers, secure loans, and complete the closing process.

How can I list my homes for sale in Vancouver, Washington?

List your Vancouver home with a Flat Fee MLS Washington listing service. High-tech MLS sites like Houzeo assign the right paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Vancouver?

The state-wide average mortgage rate fluctuates between 6.09% and 6.84%. Rates depend on market conditions and your credit score. Always check current rates with lenders.

What is the cost of living in Vancouver, Washington?

The cost of living in Vancouver is 4% above the national average. Vancouver offers the Pacific Northwest lifestyle at moderate costs. Food and utility costs align with regional averages, while many buyers find the city's tax advantages compelling.

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