$8,016 Closing Credit*
$675,000
1,609 SqFt
2 Beds
•1 Full Bath
Ginger Burke, Tamara Pelo, Listing Office: Cascade Hasson Sotheby's International Realty
Is Southwest Hills Residential League, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Southwest Hills Residential League has remained a Buyer's Market.
Key Takeaway
Southwest Hills Residential League is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwest Hills Residential League, OR
How much do homes in Southwest Hills Residential League, OR cost?
Median Sold Price
$1,019,000
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$44,000(+4.5%)
Key Takeaway
Homes in Southwest Hills Residential League have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Southwest Hills Residential League was $1,019,000 in October 2024, up 4.5% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | $250K | +22.0% |
| 2 Bedrooms | $536.7K | $585K | +9.0% |
| 3 Bedrooms | $860K | $916K | +6.5% |
| 4 Bedrooms | $1.1M | $1.1M | -1.2% |
| 5+ Bedrooms | $1.1M | $1.1M | -1.0% |
Summary: Southwest Hills Residential League housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes decreased by 1%.
Median Sold Price Compared To Nearby Neighborhoods
| Southwest Hills Residential League | $975K | $1.0M | +4.5% |
| Greenway | $936.2K | $910K | -2.8% |
Housing Supply in Southwest Hills Residential League, OR
How many homes are available in Southwest Hills Residential League, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 99 | +8.8% |
Summary: The Southwest Hills Residential League real estate market had 99 homes for sale in October 2024, a 8.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 9 | 10 | +11.1% |
| 3 Bedrooms | 34 | 37 | +8.8% |
| 4 Bedrooms | 31 | 36 | +16.1% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Southwest Hills Residential League 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 11.1%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 16.1%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 7 | +40.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Hills Residential League, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Southwest Hills Residential League in October 2024, up by 40.0% month-over-month. Of the 7 sold homes, 57% were sold under asking, 29% were sold at asking, and 14% were sold over asking.
Days on Market for Southwest Hills Residential League, OR
How long does it take to sell a home in Southwest Hills Residential League, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 38 Days | 42 Days | +11.1% |
Summary: Homes in Southwest Hills Residential League had an average of 42 days on market in Oct 2024, up by 11.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southwest Hills Residential League are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 7 homes were sold in Southwest Hills Residential League; 57% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
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