Is Southview, 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, Southview has remained a Seller's Market.
Housing Prices in Southview, OR
How much do homes in Southview, OR cost?
Median Sold Price
$507,500
$328/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Southview was $507,500 in April 2024, down 7.7% from last year, and the median price per square foot was $328.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $240K | +12.9% |
2 Bedrooms | $460K | $481.9K | +4.8% |
3 Bedrooms | $595K | $604K | +1.5% |
4 Bedrooms | $650K | $695K | +6.9% |
5+ Bedrooms | $859K | $830.5K | -3.3% |
Summary: Southview housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.9%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 6.9%, and 5+ bedroom homes decreased by 3.3%.
Housing Supply in Southview, OR
How many homes are available in Southview, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 28 | -9.7% |
Summary: The Southview real estate market had 28 homes for sale in April 2024, a 9.7% decrease 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 | 17 | 16 | -5.9% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 2 | 1 | -50.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Southview 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 decreased by 5.9%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 6 | -40.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Southview in April 2024, down by 40.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and 50% were sold over asking.
Days on Market for Southview, OR
How long does it take to sell a home in Southview, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
17 Days | 25 Days | +39.7% |
Summary: Homes in Southview had an average of 25 days on market in Apr 2024, up by 39.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Southview; 83% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.