Is South Gateway, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, South Gateway has remained a Seller's Market.
Key Takeaway
South Gateway is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in South Gateway, OR
How much do homes in South Gateway, OR cost?
Median Sold Price
$475,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in South Gateway has remained the same since last year.
Summary: The median home sold price in South Gateway was $475,000 in April 2024, the same as last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $343.7K | $313.9K | -8.7% |
| 3 Bedrooms | $452.8K | $450K | -0.6% |
| 4 Bedrooms | $600.5K | $577.4K | -3.8% |
| 5+ Bedrooms | $550K | $610K | +10.9% |
Summary: South Gateway housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes increased by 10.9%.
Housing Supply in South Gateway, OR
How many homes are available in South Gateway, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 40 | +8.1% |
Summary: The South Gateway real estate market had 40 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 2 | +100.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The South Gateway housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Gateway, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in South Gateway in April 2024, up by 40.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 36% were sold at asking, and 21% were sold over asking.
Days on Market for South Gateway, OR
How long does it take to sell a home in South Gateway, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 21 Days | 34 Days | +56.6% |
Summary: Homes in South Gateway had an average of 34 days on market in Apr 2024, up by 56.6% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Gateway are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in South Gateway; 64% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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