$4,097 Closing Credit*
$345,000
1,142 SqFt
2 Beds
•2 Full Baths
Taha Al-Madani, Listing Office: RE/MAX Equity Group
Is Neighbors Southwest, OR 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, Neighbors Southwest was a Seller's Market.
Key Takeaway
Neighbors Southwest is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Neighbors Southwest, OR
How much do homes in Neighbors Southwest, OR cost?
Median Sold Price
$650,990
$301/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$990(+0.2%)
Key Takeaway
The sold price of homes in Neighbors Southwest has remained the same since last year.
Summary: The median home sold price in Neighbors Southwest was $650,990 in November 2024, up 0.2% from last year, and the median price per square foot was $301.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $305K | $288.9K | -5.3% |
| 2 Bedrooms | $385K | $364.5K | -5.3% |
| 3 Bedrooms | $561.2K | $569.9K | +1.5% |
| 4 Bedrooms | $725K | $750K | +3.4% |
| 5+ Bedrooms | $729.7K | $960.2K | +31.6% |
Summary: Neighbors Southwest housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.3%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes increased by 31.6%.
Housing Supply in Neighbors Southwest, OR
How many homes are available in Neighbors Southwest, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 107 | 104 | -2.8% |
Summary: The Neighbors Southwest real estate market had 104 homes for sale in November 2024, a 2.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 12 | 6 | -50.0% |
| 3 Bedrooms | 37 | 39 | +5.4% |
| 4 Bedrooms | 40 | 40 | 0.0% |
| 5+ Bedrooms | 16 | 17 | +6.3% |
Summary: The Neighbors Southwest 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 50%, 3 bedroom homes increased by 5.4%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Neighbors Southwest, expect to pay close to the asking price. 62.5% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Neighbors Southwest in November 2024, the same as the previous month. Of the 16 sold homes, 25% were sold under asking, 63% were sold at asking, and 13% were sold over asking.
Days on Market for Neighbors Southwest, OR
How long does it take to sell a home in Neighbors Southwest, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 87 Days | +260.9% |
Summary: Homes in Neighbors Southwest had an average of 87 days on market in Nov 2024, up by 260.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Neighbors Southwest are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 16 homes were sold in Neighbors Southwest; 38% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 44% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.