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Discover LudwigThe phrase "is sold" is correct and commonly used in written English.
It can be used when talking about the sale of a product or item, or when discussing a past transaction in which something was sold. Example: The house is sold to a young couple who were looking for a starter home. In this sentence, "is sold" indicates that the sale of the house has already been completed. Example: The new iPhone model is expected to be sold out within the first day of release. Here, "is sold" is used to talk about the future sale of the product.
Dictionary
is sold
verb
Past of sell
Exact(55)
Not everyone is sold.
It is sold out.
(The mattress is sold separately).
"So the exhibition is sold.
That game is sold out.
Helmet, presumably, is sold separately.
Similar(5)
Two is sell software.
Honda is selling them, too.
I was sold.
Churchill was sold.
We're sold.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com