$7,719 Closing Credit*
$650,000
2,550 SqFt
3 Beds
•2 Full Baths, 1 Partial
Sunayana Kannur, Listing Office: Skyline Properties, Inc.
Is Sultan, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$535,625
$274/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,635(+3.0%)
Key Takeaway
Homes in Sultan have sold for 3% more than they did a year ago.
Summary: The median home sold price in Sultan was $535,625 in October 2024, up 3% from last year, and the median price per square foot was $274.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $363K | $237.5K | -34.6% |
| 2 Bedrooms | $368K | $402.5K | +9.4% |
| 3 Bedrooms | $499.9K | $515K | +3.0% |
| 4 Bedrooms | $569.9K | $572.9K | 0.5% |
| 5+ Bedrooms | $594.9K | $565.5K | -4.9% |
Summary: Sultan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.6%, 2 bedroom homes increased by 9.4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 4.9%.
Housing Supply in Sultan, WA
How many homes are available in Sultan, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 46 | +15.0% |
Summary: The Sultan real estate market had 46 homes for sale in October 2024, a 15.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 22 | 25 | +13.6% |
| 4 Bedrooms | 12 | 13 | +8.3% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The Sultan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sultan, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Sultan in October 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 30 Days | -2.1% |
Summary: Homes in Sultan had an average of 30 days on market in Oct 2024, down by 2.1% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sultan are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 10 homes were sold in Sultan; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% 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.