$8,016 Closing Credit*
$675,000
2,194 SqFt
2 Beds
•2 Full Baths
Jonathan Minerick, Listing Office: homecoin.com
Is South Hills, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, South Hills was a Buyer's Market.
Key Takeaway
South Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Hills, OR
How much do homes in South Hills, OR cost?
Median Sold Price
$619,250
$291/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$14,250(+2.4%)
Key Takeaway
Homes in South Hills have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in South Hills was $619,250 in September 2024, up 2.4% from last year, and the median price per square foot was $291.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $363K | N/A |
| 2 Bedrooms | $453.5K | $469K | +3.4% |
| 3 Bedrooms | $596K | $603.5K | +1.3% |
| 4 Bedrooms | $645K | $636K | -1.4% |
| 5+ Bedrooms | $640K | $713.5K | +11.5% |
Summary: South Hills housing prices by bedroom type for September 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 increased by 1.3%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 11.5%.
Housing Supply in South Hills, OR
How many homes are available in South Hills, OR?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 38 | 43 | +13.2% |
Summary: The South Hills real estate market had 43 homes for sale in September 2024, a 13.2% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 15 | 20 | +33.3% |
| 4 Bedrooms | 17 | 18 | +5.9% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The South Hills housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Hills, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in South Hills in September 2024, the same as the previous month. Of the 8 sold homes, 38% were sold under asking, 25% were sold at asking, and 38% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 32 Days | 31 Days | -2.7% |
Summary: Homes in South Hills had an average of 31 days on market in Sep 2024, down by 2.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in South Hills are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 8 homes were sold in South Hills; 75% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 13% 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.