Is Sumas, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Sumas has remained a Seller's Market.
Housing Prices in Sumas, WA
How much do homes in Sumas, WA cost?
Median Sold Price
$402,000
$245/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Sumas was $402,000 in May 2024, up 25.6% from last year, and the median price per square foot was $245.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $30K | $50K | +66.7% |
2 Bedrooms | $208K | $65K | -68.8% |
3 Bedrooms | $410K | $442.5K | +7.9% |
4 Bedrooms | $290K | $364.5K | +25.7% |
5+ Bedrooms | - | $482.5K | N/A |
Summary: Sumas housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 68.8%, 3 bedroom homes increased by 7.9%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes did not change.
Housing Supply in Sumas, WA
How many homes are available in Sumas, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Summary: The Sumas real estate market had 13 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 10 | 9 | -10.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sumas housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sumas in May 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Sumas, WA
How long does it take to sell a home in Sumas, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
21 Days | 57 Days | +161.1% |
Summary: Homes in Sumas had an average of 57 days on market in May 2024, up by 161.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 4 homes were sold in Sumas; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.