Is Sultan, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Sultan has remained a Seller's Market.
Housing Prices in Sultan, WA
How much do homes in Sultan, WA cost?
Median Sold Price
$530,000
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Sultan was $530,000 in June 2024, up 1.9% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.5K | $363K | +24.1% |
2 Bedrooms | $334.2K | $406K | +21.5% |
3 Bedrooms | $509.9K | $509.9K | 0.0% |
4 Bedrooms | $591.9K | $570.9K | -3.5% |
5+ Bedrooms | $599.9K | $559.9K | -6.7% |
Summary: Sultan housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.1%, 2 bedroom homes increased by 21.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 6.7%.
Housing Supply in Sultan, WA
How many homes are available in Sultan, WA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
45 | 48 | +6.7% |
Summary: The Sultan real estate market had 48 homes for sale in June 2024, a 6.7% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 21 | 21 | 0.0% |
4 Bedrooms | 15 | 16 | +6.7% |
5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Sultan housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Sultan in June 2024, the same as the previous month. Of the 16 sold homes, 19% were sold under asking, 50% were sold at asking, and 31% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
18 Days | 7 Days | -59.8% |
Summary: Homes in Sultan had an average of 7 days on market in Jun 2024, down by 59.8% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 16 homes were sold in Sultan; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.