$3,146 Closing Credit*
$264,900
636 SqFt
1 Bed
•1 Full Bath
Jake Barakat, Listing Office: Opt
Is South Waterfront, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, South Waterfront has remained a Seller's Market.
Key Takeaway
South Waterfront is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Waterfront, OR
How much do homes in South Waterfront, OR cost?
Median Sold Price
$512,000
$398/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,000(+10.1%)
Key Takeaway
Homes in South Waterfront have sold for 10.1% more than they did a year ago.
Summary: The median home sold price in South Waterfront was $512,000 in November 2024, up 10.1% from last year, and the median price per square foot was $398.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $380K | $372.5K | -2.0% |
| 2 Bedrooms | $827.5K | $742.5K | -10.3% |
| 3 Bedrooms | - | $997K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: South Waterfront housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 10.3%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| South Waterfront | $465K | $512K | +10.1% |
| South Portland | $478K | $510K | +6.7% |
| Southwest Portland | $614.2K | $625K | +1.8% |
Housing Supply in South Waterfront, OR
How many homes are available in South Waterfront, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 23 | -8.0% |
Summary: The South Waterfront real estate market had 23 homes for sale in November 2024, a 8.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 6 | -33.3% |
| 2 Bedrooms | 15 | 16 | +6.7% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Waterfront housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 6.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Waterfront, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in South Waterfront in November 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Waterfront, OR
How long does it take to sell a home in South Waterfront, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 24 Days | 189 Days | +673.1% |
Summary: Homes in South Waterfront had an average of 189 days on market in Nov 2024, up by 673.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in South Waterfront are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 5 homes were sold in South Waterfront; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.
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