Is Sumner, 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, Sumner has remained a Seller's Market.
Housing Prices in Sumner, WA
How much do homes in Sumner, WA cost?
Median Sold Price
$520,000
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Sumner was $520,000 in March 2024, down 5.5% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $605K | N/A |
2 Bedrooms | $427.5K | $431K | +0.8% |
3 Bedrooms | $549.9K | $544.9K | -0.9% |
4 Bedrooms | $640K | $640K | 0.0% |
5+ Bedrooms | $712.5K | $740K | +3.9% |
Summary: Sumner housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
Edgewood | $652.1K | $712.5K | +9.3% |
Bonney Lake | $610K | $619.6K | +1.6% |
Pacific | $525K | $531.5K | +1.2% |
Federal Way-Auburn | $550K | $555.5K | +1.0% |
Sumner | $550K | $520K | -5.5% |
Housing Supply in Sumner, WA
How many homes are available in Sumner, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
23 | 18 | -21.7% |
Summary: The Sumner real estate market had 18 homes for sale in March 2024, a 21.7% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 5 | 4 | -20.0% |
3 Bedrooms | 12 | 7 | -41.7% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Sumner 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 decreased by 20%, 3 bedroom homes decreased by 41.7%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Sumner in March 2024, up by 12.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 22% were sold at asking, and 44% were sold over asking.
Days on Market for Sumner, WA
How long does it take to sell a home in Sumner, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
4 Days | 34 Days | +605.7% |
Summary: Homes in Sumner had an average of 34 days on market in Mar 2024, up by 605.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Sumner; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.