Is Sifton, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sifton is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Sifton has remained a Seller's Market.

Key Takeaway

Sifton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Sifton, WA

How much do homes in Sifton, WA cost?

Median Sold Price

$460,000

$322/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$10,000(+2.2%)

Key Takeaway

Homes in Sifton have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Sifton was $460,000 in April 2024, up 2.2% from last year, and the median price per square foot was $322.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $260K-
N/A
2 $425K$510K
+20.0%
3 $435K$440K
+1.1%
4 $502K$527.5K
+5.1%
5+ $602.5K$514.5K
-14.6%

Summary: Sifton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 5.1%, and 5+ bedroom homes decreased by 14.6%.

Housing Supply in Sifton, WA

How many homes are available in Sifton, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
5453-1.9%

Summary: The Sifton real estate market had 53 homes for sale in April 2024, a 1.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 11
0.0%
3 3836
-5.3%
4 1012
+20.0%
5+ 54
-20.0%

Summary: The Sifton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1211-8.3%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

3 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sifton, you could pay more than the asking price. 63.6% of homes here sold above asking price last month.

Summary: A total of 11 homes were sold or pending in Sifton in April 2024, down by 8.3% month-over-month. Of the 11 sold homes, 9% were sold under asking, 27% were sold at asking, and 64% were sold over asking.

Days on Market for Sifton, WA

How long does it take to sell a home in Sifton, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
39 Days16 Days-59.6%

Summary: Homes in Sifton had an average of 16 days on market in Apr 2024, down by 59.6% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sifton are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 11 homes were sold in Sifton; 73% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

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