$6,638 Closing Credit*
$559,000
1,320 SqFt
3 Beds
•1 Full Bath
Stephanie A McKim, Listing Office: Rain Town Realty + JPAR
Is Southern Heights, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Southern Heights has remained a Seller's Market.
Key Takeaway
Southern Heights is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Southern Heights, WA
How much do homes in Southern Heights, WA cost?
Median Sold Price
$600,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$70,000(+13.2%)
Key Takeaway
Homes in Southern Heights have sold for 13.2% more than they did a year ago.
Summary: The median home sold price in Southern Heights was $600,000 in September 2024, up 13.2% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $307.5K | +24.2% |
| 2 Bedrooms | $455K | $529.9K | +16.5% |
| 3 Bedrooms | $515K | $573K | +11.3% |
| 4 Bedrooms | $597K | $600K | 0.5% |
| 5+ Bedrooms | $709.9K | $747K | +5.2% |
Summary: Southern Heights housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.2%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes increased by 5.2%.
Housing Supply in Southern Heights, WA
How many homes are available in Southern Heights, WA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 17 | 20 | +17.6% |
Summary: The Southern Heights real estate market had 20 homes for sale in September 2024, a 17.6% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 5 | 7 | +40.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Southern Heights housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was 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. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Southern Heights in September 2024, the same as the previous month. Of the 5 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 24 Days | 16 Days | -30.0% |
Summary: Homes in Southern Heights had an average of 16 days on market in Sep 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
4 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 September 2024, 5 homes were sold in Southern Heights; 80% of homes were sold within 30 days, 20% 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.