Southwest Washington Real Estate Market Update – February 2025
The Southwest Washington housing market continues to evolve, with a steady increase in new listings and buyer demand holding strong. Whether you are buying, selling, or investing, keeping an eye on the latest market trends is essential. Here’s a breakdown of the key market data for January 2025 and what it means for you.
Southwest Washington Housing Market at a Glance (January 2025 Data)
- New Listings: 594 (+8.6% YoY)
- Pending Sales: 500 (+12.4% YoY)
- Closed Sales: 400 (+29.4% YoY)
- Median Home Price: $529,000 (+3.6% YoY)
- Average Home Price: $570,000 (No change YoY)
- Inventory: 3.1 months
- Days on Market: 77
These numbers indicate that while inventory is increasing, demand remains strong, keeping home prices stable and slightly rising in certain areas.
What This Means for Buyers and Sellers
For Sellers: Strong Buyer Interest, But Pricing Is Key With closed sales up 29.4% year-over-year, buyers are still active, and homes are moving. However, with inventory levels increasing to 3.1 months, pricing your home correctly is more important than ever. Homes that are well-priced and well-presented will continue to attract competitive offers.
For Buyers: More Inventory, But Competition Remains The increase in new listings (+8.6%) means buyers have more options, but the rise in pending sales (+12.4%) shows that competition is still strong. If you are looking to buy, it’s essential to have pre-approval in place and be ready to act quickly when you find the right home.
Neighborhood Trends: Where Are Home Prices Now?
Different areas of Southwest Washington are seeing varying trends in home prices. Here are some of the median home prices across key regions:
- Clark County: $540,000 (+2.9% YoY)
- Cowlitz County: $415,000 (+3.1% YoY)
- Camas/Washougal: $670,000
- Vancouver (Downtown): $485,000
- Ridgefield: $625,200
- Battle Ground: $499,900
- Brush Prairie/Hockinson: $584,900
With inventory at 3.1 months, understanding local trends is crucial for both buyers and sellers in positioning themselves strategically.
Affordability and Mortgage Trends
The affordability index for Southwest Washington shows that a household earning the median income of $116,900 can afford 88% of a typical monthly mortgage payment on a median-priced home ($539,200). This assumes a 20% down payment and a 30-year fixed mortgage rate of 6.63%.
For buyers looking for ways to enter the market, exploring first-time homebuyer programs, VA loans, and other financing options can make homeownership more accessible.
Thinking About Buying or Selling? Let’s Talk
Real estate is always evolving, and having an experienced professional on your side makes all the difference. Whether you’re buying your first home, selling a property, or investing, I’m here to help you navigate the market with expert advice and strategy.
Contact Nathan Stancil – Your Southwest Washington Real Estate Expert Nathan Stancil Real Broker LLC Call or text: 503.621.4693 Email: nathan@stancilre.com Browse Listings: exploreoregonhomes.com
If you have questions about the market, home values, or buying and selling strategies, let’s connect.
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