$8,728 Closing Credit*
$735,000
2,526 SqFt
3 Beds
•2 Full Baths
Gina Dhom, Listing Office: Windermere RE Lane County
Is South Hills, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, South Hills was a Seller's Market.
Key Takeaway
South Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Hills, OR
How much do homes in South Hills, OR cost?
Median Sold Price
$601,500
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$14,500(-2.4%)
Key Takeaway
Homes in South Hills have sold for 2.4% less than they did a year ago.
Summary: The median home sold price in South Hills was $601,500 in October 2024, down 2.4% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $363K | N/A |
| 2 Bedrooms | $453.5K | $469K | +3.4% |
| 3 Bedrooms | $622K | $598.5K | -3.8% |
| 4 Bedrooms | $640K | $636K | -0.6% |
| 5+ Bedrooms | $572.5K | $713.5K | +24.6% |
Summary: South Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.4%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 0.6%, and 5+ bedroom homes increased by 24.6%.
Housing Supply in South Hills, OR
How many homes are available in South Hills, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 41 | +5.1% |
Summary: The South Hills real estate market had 41 homes for sale in October 2024, a 5.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 17 | 17 | 0.0% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The South Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 4 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in South Hills, expect to pay close to the asking price. 75% of homes here sold near the asking price last month.
Summary: A total of 4 homes were sold or pending in South Hills in October 2024, down by 50.0% month-over-month. Of the 4 sold homes, 0% were sold under asking, 75% were sold at asking, and 25% were sold over asking.
Days on Market for South Hills, OR
How long does it take to sell a home in South Hills, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 14 Days | 56 Days | +295.9% |
Summary: Homes in South Hills had an average of 56 days on market in Oct 2024, up by 295.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Hills has remained consistent over time.
Summary: During October 2024, 4 homes were sold in South Hills; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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