$9,797 Closing Credit*
$825,000
1,229 SqFt
3 Beds
•2 Baths
Xi Peng, Listing Office: Windermere RE/Capitol Hill,Inc
Is Southern Heights, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Southern Heights was a Seller's Market.
Key Takeaway
Southern Heights 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 Southern Heights, WA
How much do homes in Southern Heights, WA cost?
Median Sold Price
$600,000
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$52,500(+9.6%)
Key Takeaway
Homes in Southern Heights have sold for 9.6% more than they did a year ago.
Summary: The median home sold price in Southern Heights was $600,000 in November 2024, up 9.6% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $245K | $307.5K | +25.5% |
| 2 Bedrooms | $467.5K | $547.4K | +17.1% |
| 3 Bedrooms | $525K | $600K | +14.3% |
| 4 Bedrooms | $600K | $641K | +6.8% |
| 5+ Bedrooms | $674.9K | $762.5K | +13.0% |
Summary: Southern Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.5%, 2 bedroom homes increased by 17.1%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 13%.
Housing Supply in Southern Heights, WA
How many homes are available in Southern Heights, WA?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 20 | 20 | 0.0% |
Summary: The Southern Heights real estate market had 20 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 5 | +25.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Southern Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southern Heights, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Southern Heights in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Southern Heights, WA
How long does it take to sell a home in Southern Heights, WA?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 23 Days | +0.6% |
Summary: Homes in Southern Heights had an average of 23 days on market in Nov 2024, up by 0.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Southern Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Southern Heights; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.