$10,000 Closing Credit*
$1,495,000
2,420 SqFt
2 Beds
•2 Full Baths
Kyle James, Listing Office: Knipe Realty ERA Powered
Is Summerville, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Summerville was a Seller's Market.
Key Takeaway
Summerville 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 Summerville, OR
How much do homes in Summerville, OR cost?
Median Sold Price
$800,000
$198/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$207,500(+35.0%)
Key Takeaway
Homes in Summerville have sold for 35% more than they did a month ago.
Summary: The median home sold price in Summerville was $800,000 in August 2024, up 35% from last month, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $545K | - | N/A |
| 4 Bedrooms | $640K | $800K | +25.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Summerville housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes increased by 25%, and 5+ bedroom homes did not change.
Housing Supply in Summerville, OR
How many homes are available in Summerville, OR?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Summary: The Summerville real estate market had 7 homes for sale in August 2024, a 12.5% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 1 | -50.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Summerville housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Summerville, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Summerville in August 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Summerville, OR
How long does it take to sell a home in Summerville, OR?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 28 Days | 24 Days | -15.8% |
Summary: Homes in Summerville had an average of 24 days on market in Aug 2024, down by 15.8% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Summerville are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 1 homes were sold in Summerville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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