Vancouver, WA Housing Market Report

The Vancouver, Washington real estate market is currently transitioning into a more balanced environment, characterized by a significant increase in inventory and a stabilization of home values. As of December 2025, the median home value stands at $494,822, reflecting a slight year-over-year decrease of 0.96%. While the market remains competitive, the 12.32% surge in active inventory—totaling 6,364 listings—has provided buyers with more options than they have seen in recent years. This increase in supply is contributing to a longer average time on market, which has risen to 74 days, giving buyers more leverage during negotiations.

Price trends over the last six months indicate a period of recovery and modest growth following a mid-year dip. After hitting a low of $491,474 in August, prices have climbed steadily for four consecutive months. This upward momentum suggests that despite the annual decline, demand is resurging as the year concludes. The sale-to-list ratio remains at a perfect 1, indicating that while buyers have more choices, homes are still generally selling for their asking prices, provided they are priced accurately according to current market conditions.

Looking ahead, the Vancouver market appears poised for a period of steady, sustainable growth. For sellers, the increase in days on market means that patience and strategic pricing are essential; the days of immediate bidding wars have largely been replaced by a more methodical sales process. For buyers, the combination of rising inventory and a stabilizing price floor offers a strategic window to enter the market before potential further appreciation. The rental market also remains strong, with median rents rising 2.08% to $1,806, which may continue to push long-term renters toward homeownership as a means of stabilizing their monthly housing costs.