$5,890 Closing Credit*
$495,995
1,395 SqFt
3 Beds
•2 Full Baths
Brandy M. Runkle, Listing Office: DR Horton
Is Sumner, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Sumner has remained a Seller's Market.
Key Takeaway
Sumner is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Sumner, WA
How much do homes in Sumner, WA cost?
Median Sold Price
$531,500
$339/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,500(-2.5%)
Key Takeaway
Homes in Sumner have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Sumner was $531,500 in November 2024, down 2.5% from last year, and the median price per square foot was $339.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $800K | $410K | -48.8% |
| 2 Bedrooms | $420K | $437.4K | +4.2% |
| 3 Bedrooms | $550K | $545K | -0.9% |
| 4 Bedrooms | $660K | $690K | +4.5% |
| 5+ Bedrooms | $727.5K | $965K | +32.6% |
Summary: Sumner housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.8%, 2 bedroom homes increased by 4.2%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 32.6%.
Median Sold Price Compared To Nearby Cities
| Bonney Lake | $603.1K | $648.5K | +7.5% |
| Federal Way-Auburn | $549.9K | $579.1K | +5.3% |
| Edgewood | $694K | $725.2K | +4.5% |
| Sumner | $545K | $531.5K | -2.5% |
| Pacific | $552.5K | $525K | -5.0% |
Housing Supply in Sumner, WA
How many homes are available in Sumner, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 53 | 57 | +7.5% |
Summary: The Sumner real estate market had 57 homes for sale in November 2024, a 7.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 6 | -40.0% |
| 3 Bedrooms | 32 | 40 | +25.0% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Sumner 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 40%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 12 | 12 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sumner, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 12 homes were sold or pending in Sumner in November 2024, the same as the previous month. Of the 12 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 11 Days | 28 Days | +142.8% |
Summary: Homes in Sumner had an average of 28 days on market in Nov 2024, up by 142.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Sumner are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 12 homes were sold in Sumner; 67% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 8% 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.