Is Sultan, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
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.
Housing Prices in Sultan, WA
How much do homes in Sultan, WA cost?
Median Sold Price
$524,990
$263/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Sultan have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Sultan was $524,990 in March 2024, down 2.5% from last year, and the median price per square foot was $263.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | $363K | +24.1% |
| 2 Bedrooms | $325K | $391K | +20.3% |
| 3 Bedrooms | $520K | $509.4K | -2.0% |
| 4 Bedrooms | $605.2K | $566.5K | -6.4% |
| 5+ Bedrooms | $601.9K | $584.9K | -2.8% |
Summary: Sultan housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 20.3%, 3 bedroom homes decreased by 2%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes decreased by 2.8%.
Housing Supply in Sultan, WA
How many homes are available in Sultan, WA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 38 | -29.6% |
Summary: The Sultan real estate market had 38 homes for sale in March 2024, a 29.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 25 | 17 | -32.0% |
| 4 Bedrooms | 23 | 13 | -43.5% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Sultan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 32%, 4 bedroom homes decreased by 43.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 28 | 14 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sultan, expect to pay close to the asking price. 64.3% of homes here sold near the asking price last month.
Summary: A total of 14 homes were sold or pending in Sultan in March 2024, down by 50.0% month-over-month. Of the 14 sold homes, 14% were sold under asking, 64% were sold at asking, and 21% were sold over asking.
Days on Market for Sultan, WA
How long does it take to sell a home in Sultan, WA?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 13 Days | -77.7% |
Summary: Homes in Sultan had an average of 13 days on market in Mar 2024, down by 77.7% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sultan are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 14 homes were sold in Sultan; 86% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.