$7,006 Closing Credit*
$589,950
1,880 SqFt
3 Beds
•2 Full Baths, 1 Partial
Karen Akers, Listing Office: Lennar Sales Corp.
Is Sultan, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Sultan was a Seller's Market.
Key Takeaway
Sultan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sultan, WA
How much do homes in Sultan, WA cost?
Median Sold Price
$536,490
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$15,282(+2.9%)
Key Takeaway
Homes in Sultan have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Sultan was $536,490 in November 2024, up 2.9% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $363K | $237.5K | -34.6% |
| 2 Bedrooms | $360K | $413K | +14.7% |
| 3 Bedrooms | $500K | $515.9K | +3.2% |
| 4 Bedrooms | $569.9K | $577.4K | +1.3% |
| 5+ Bedrooms | $602.1K | $560.5K | -6.9% |
Summary: Sultan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.6%, 2 bedroom homes increased by 14.7%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 6.9%.
Housing Supply in Sultan, WA
How many homes are available in Sultan, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 42 | -4.5% |
Summary: The Sultan real estate market had 42 homes for sale in November 2024, a 4.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 21 | 21 | 0.0% |
| 4 Bedrooms | 15 | 12 | -20.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Sultan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 5 | -54.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sultan, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Sultan in November 2024, down by 54.5% month-over-month. Of the 5 sold homes, 60% were sold under asking, 40% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 38 Days | +58.4% |
Summary: Homes in Sultan had an average of 38 days on market in Nov 2024, up by 58.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Sultan has remained consistent over time.
Summary: During November 2024, 5 homes were sold in Sultan; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% 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.