$7,422 Closing Credit*
$625,000
1,479 SqFt
2 Beds
•2 Full Baths
Kirby Arkes, Alexa Ebel, Listing Office: Sean Z Becker Real Estate
Is South Waterfront, 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 Waterfront was a Seller's Market.
Key Takeaway
South Waterfront 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 South Waterfront, OR
How much do homes in South Waterfront, OR cost?
Median Sold Price
$419,950
$397/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$167,550(-28.5%)
Key Takeaway
Homes in South Waterfront have sold for 28.5% less than they did a year ago.
Summary: The median home sold price in South Waterfront was $419,950 in October 2024, down 28.5% from last year, and the median price per square foot was $397.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $387.5K | $358K | -7.6% |
| 2 Bedrooms | $850K | $685K | -19.4% |
| 3 Bedrooms | - | $997K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: South Waterfront housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.6%, 2 bedroom homes decreased by 19.4%, 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 Portland | $490K | $510K | +4.1% |
| Southwest Portland | $615.6K | $625K | +1.5% |
| South Waterfront | $587.5K | $419.9K | -28.5% |
Housing Supply in South Waterfront, OR
How many homes are available in South Waterfront, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 24 | +20.0% |
Summary: The South Waterfront real estate market had 24 homes for sale in October 2024, a 20.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 8 | +33.3% |
| 2 Bedrooms | 13 | 15 | +15.4% |
| 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 October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 4 | +300.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in South Waterfront in October 2024, up by 300.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 48 Days | 138 Days | +187.3% |
Summary: Homes in South Waterfront had an average of 138 days on market in Oct 2024, up by 187.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in South Waterfront has remained consistent over time.
Summary: During October 2024, 4 homes were sold in South Waterfront; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% 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.