Is Sumas, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sumas is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, Sumas was a Seller's Market.

Key Takeaway

Sumas is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sumas, WA

How much do homes in Sumas, WA cost?

Median Sold Price

$385,000

$231/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$40,000(+11.6%)

Key Takeaway

Homes in Sumas have sold for 11.6% more than they did a month ago.

Summary: The median home sold price in Sumas was $385,000 in November 2024, up 11.6% from last month, and the median price per square foot was $231.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 $192.5K$385K
+100.0%
3 $372.2K-
N/A
4 $452K-
N/A
5+ --
N/A

Summary: Sumas housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 100%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Sumas, WA

How many homes are available in Sumas, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1815-16.7%

Summary: The Sumas real estate market had 15 homes for sale in November 2024, a 16.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 11
0.0%
2 64
-33.3%
3 109
-10.0%
4 11
0.0%
5+ 00
0.0%

Summary: The Sumas housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
52-60.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sumas, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Sumas in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Sumas, WA

How long does it take to sell a home in Sumas, WA?

Average Sale Time

Oct 2024Nov 2024CHANGE
55 Days29 Days-46.6%

Summary: Homes in Sumas had an average of 29 days on market in Nov 2024, down by 46.6% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Sumas are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Sumas; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Sumas, WA

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