Is Sultan, WA 98294 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Sultan is a seller’s market. With about 3.6 months of supply and 33% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score69/ 100

More competitive than 73% of U.S. ZIP codes, and #61 of 298 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply3.6Under 4 months = seller’s market
Sold above original list33.3%Share of sales, last 3 months
Median sale-to-list100.3%Sold price ÷ list price
Median days on market19Listing to accepted offer
Median price per sq ft$314▼ −1.8% vs. last year

The Sultan housing market right now

In the three months ending August 31, 2026, 33% of homes in Sultan, WA 98294 sold above their list price, the typical home went under contract in 19 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 40 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 22%, homes sold about as fast and the median sale price rose 3% to $574,751. Overall, Sultan is more competitive than a year ago, so tougher for buyers.

Within Snohomish County, homes here sell more slowly than in 64% of the county’s ZIP codes, and sell more often over asking than in 96%. On our competition score, Sultan ranks #61 of 298 WA ZIP codes with enough sales (score 69 out of 100).

Nearby, buyers who want less competition could look at Lynnwood 98087 (11% sold over asking) or Bothell 98012 (12% sold over asking), while Index 98256 (50% sold over asking) is even more competitive.

Nearby markets

Arlington 98223Seller’s market $389 /sq ftBothell 98012Seller’s market $437 /sq ftBothell 98021Seller’s market $475 /sq ftDarrington 98241Seller’s market $278 /sq ft Browse all markets →

Where Sultan is

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Questions about Sultan real estate

Is Sultan a buyer’s or seller’s market?

A seller’s market: there were 3.6 months of supply in Sultan, WA 98294 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Sultan?

The typical home went under contract in 19 days in the latest three months.

Do homes in Sultan sell over asking?

33% of homes sold above their original list price, and the typical sale closed at 100.3% of the list price.

What are property taxes in Sultan?

About 0.77% of a home’s value a year in Snohomish County, or roughly $3,080 on a $400,000 home.

What is the median home price in Sultan?

The median sale price was $574,751 in the three months ending August 31, 2026, about $314 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology