$3,206 Closing Credit*
$270,000
896 SqFt
2 Beds
•1 Full Bath
Mara Haveson, Listing Office: COMPASS
Is Southern Heights, WA 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, 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
$607,500
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$77,500(+14.6%)
Key Takeaway
Homes in Southern Heights have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in Southern Heights was $607,500 in October 2024, up 14.6% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $247.5K | $307.5K | +24.2% |
| 2 Bedrooms | $459.2K | $549.9K | +19.8% |
| 3 Bedrooms | $525K | $586.5K | +11.7% |
| 4 Bedrooms | $597K | $641K | +7.4% |
| 5+ Bedrooms | $709.9K | $747K | +5.2% |
Summary: Southern Heights housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.2%, 2 bedroom homes increased by 19.8%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 5.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Kensington Heights | $390K | $581.5K | +49.1% |
| Southern Heights | $530K | $607.5K | +14.6% |
Housing Supply in Southern Heights, WA
How many homes are available in Southern Heights, WA?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 21 | +10.5% |
Summary: The Southern Heights real estate market had 21 homes for sale in October 2024, a 10.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 5 | -16.7% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 8 | 8 | 0.0% |
| 5+ Bedrooms | 0 | 2 | +100.0% |
Summary: The Southern Heights housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southern Heights, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Southern Heights in October 2024, the same as the previous month. Of the 5 sold homes, 40% were sold under asking, 60% were sold at asking, and 0% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 12 Days | 52 Days | +332.8% |
Summary: Homes in Southern Heights had an average of 52 days on market in Oct 2024, up by 332.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Southern Heights are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Southern Heights; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% 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.