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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sultan is a seller's market

Buyer's
Market

Difference Since October 2021

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

Key Takeaway

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

How much do homes in Sultan, WA cost?

Median Sold Price

$551,900

$300/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$96,900(+21.3%)

Key Takeaway

Homes in Sultan have sold for 21.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 --
N/A
2 $365K$325K
-11.0%
3 $425.9K$526.2K
+23.6%
4 $497.4K$574K
+15.4%
5+ $470.9K$579.9K
+23.1%

How many homes are available in Sultan, WA?

Number of Homes For Sale

Sep 2022Oct 2022%
4428-36.4%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 00
0.0%
2 54
-20.0%
3 2416
-33.3%
4 137
-46.2%
5+ 21
-50.0%

Number of Homes Sold

Sep 2022Oct 2022%
245-79.2%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sultan, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Average Sale Time

Oct 2021Oct 2022%
6 Days54 Days+713.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

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

About Sultan, WA

Homes for sale in Sultan, WA have reached 28. The number of listings in Sultan, WA decreased by 36.4% between September 2022 and October 2022. Listings spent 54 days on the market in October 2022, and had a median list price of $551,900 during the same period. This housing market listing prices have changed between September 2022 and October 2022: 1 bedroom properties prices increased by 0%, 2 bedrooms properties prices decreased by 11%, prices of 3 bedrooms properties increased by 23.6%, the cost of 4 bedrooms properties went up by 15.4%, prices of 5 bedrooms properties went up by 23.1%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes went down by 20%, 3 bedrooms homes became 33.3% less available, 4 bedrooms homes became 46.2% less available, 5 bedrooms homes became 50% less available. Sultan, WA housing market in October 2022 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 1 sold below.