Is Sumner, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$525,000
$334/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sumner was $525,000 in April 2024, down 4.1% from last year, and the median price per square foot was $334.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $605K | N/A |
2 Bedrooms | $427.5K | $425.5K | -0.5% |
3 Bedrooms | $549.9K | $544.9K | -0.9% |
4 Bedrooms | $636.4K | $650K | +2.1% |
5+ Bedrooms | $712.5K | $740K | +3.9% |
Summary: Sumner housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 0.5%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 3.9%.
Median Sold Price Compared To Nearby Cities
Edgewood | $654.7K | $720K | +10.0% |
Bonney Lake | $605.1K | $624.9K | +3.3% |
Federal Way-Auburn | $544.6K | $558.5K | +2.6% |
Pacific | $525K | $531.5K | +1.2% |
Sumner | $547.5K | $525K | -4.1% |
Housing Supply in Sumner, WA
How many homes are available in Sumner, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 19 | +5.6% |
Summary: The Sumner real estate market had 19 homes for sale in April 2024, a 5.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 7 | 7 | 0.0% |
4 Bedrooms | 5 | 6 | +20.0% |
5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Sumner housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Sumner in April 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 75% were sold at asking, and 0% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
10 Days | 5 Days | -46.1% |
Summary: Homes in Sumner had an average of 5 days on market in Apr 2024, down by 46.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Sumner; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.