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

Housing Market Conditions



Gauge showing Sultan is a seller's market


Difference Since February 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



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Sultan have sold for 4.6% less than they did a year ago.

Summary: The median home sold price in Sultan was $522,182 in February 2024, down 4.6% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $380K$284K
2 $325K$377.5K
3 $525.7K$500K
4 $598.7K$564.6K
5+ $603.9K$584.9K

Summary: Sultan housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.3%, 2 bedroom homes increased by 16.2%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 3.1%.

Housing Supply in Sultan, WA

How many homes are available in Sultan, WA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Sultan real estate market had 47 homes for sale in February 2024, a 16.1% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
2 44
3 2823
4 2317
5+ 13

Summary: The Sultan housing inventory by bedroom type for February 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 17.9%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes increased by 200%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

17 Homes Were Sold
At Asking

3 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. 68% of homes here sold near the asking price last month.

Summary: A total of 25 homes were sold or pending in Sultan in February 2024, up by 66.7% month-over-month. Of the 25 sold homes, 20% were sold under asking, 68% were sold at asking, and 12% 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

Feb 2023Feb 2024CHANGE
79 Days21 Days-73.0%

Summary: Homes in Sultan had an average of 21 days on market in Feb 2024, down by 73% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

6 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.

Summary: During February 2024, 25 homes were sold in Sultan; 72% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 4% 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 4 Days Ago

Newest Listings in Sultan, WA

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