Is Southwest Hills Residential League, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Southwest Hills Residential League was a Seller's Market.
Key Takeaway
Southwest Hills Residential League is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Southwest Hills Residential League, OR
How much do homes in Southwest Hills Residential League, OR cost?
Median Sold Price
$1,029,500
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Southwest Hills Residential League have sold for 7% more than they did a year ago.
Summary: The median home sold price in Southwest Hills Residential League was $1,029,500 in April 2024, up 7% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $310K | $235K | -24.2% |
| 2 Bedrooms | $395K | $650K | +64.6% |
| 3 Bedrooms | $899.9K | $917.5K | +2.0% |
| 4 Bedrooms | $1.2M | $1.1M | -10.6% |
| 5+ Bedrooms | $1.4M | $1.1M | -23.1% |
Summary: Southwest Hills Residential League housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes increased by 64.6%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes decreased by 23.1%.
Housing Supply in Southwest Hills Residential League, OR
How many homes are available in Southwest Hills Residential League, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 63 | 69 | +9.5% |
Summary: The Southwest Hills Residential League real estate market had 69 homes for sale in April 2024, a 9.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 22 | 24 | +9.1% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Southwest Hills Residential League 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 20%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Southwest Hills Residential League, you may be able to get a good deal. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Southwest Hills Residential League in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 63% were sold under asking, 13% were sold at asking, and 25% were sold over asking.
Days on Market for Southwest Hills Residential League, OR
How long does it take to sell a home in Southwest Hills Residential League, OR?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 43 Days | +12.5% |
Summary: Homes in Southwest Hills Residential League had an average of 43 days on market in Apr 2024, up by 12.5% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Southwest Hills Residential League has remained consistent over time.
Summary: During April 2024, 8 homes were sold in Southwest Hills Residential League; 38% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
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