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 May 2023
At the same time last year, Southwest Hills Residential League was a Seller's Market.
Housing Prices in Southwest Hills Residential League, OR
How much do homes in Southwest Hills Residential League, OR cost?
Median Sold Price
$1,050,000
$335/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Southwest Hills Residential League was $1,050,000 in May 2024, up 8% from last year, and the median price per square foot was $335.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $235K | -24.2% |
2 Bedrooms | $400K | $622.5K | +55.6% |
3 Bedrooms | $914.9K | $913K | -0.2% |
4 Bedrooms | $1.2M | $1.1M | -8.9% |
5+ Bedrooms | $1.1M | $1.3M | +19.6% |
Summary: Southwest Hills Residential League housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.2%, 2 bedroom homes increased by 55.6%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 8.9%, and 5+ bedroom homes increased by 19.6%.
Median Sold Price Compared To Nearby Neighborhoods
Southwest Hills Residential League | $972.4K | $1.0M | +8.0% |
Greenway | $975K | $902K | -7.5% |
Housing Supply in Southwest Hills Residential League, OR
How many homes are available in Southwest Hills Residential League, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
73 | 93 | +27.4% |
Summary: The Southwest Hills Residential League real estate market had 93 homes for sale in May 2024, a 27.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 20 | 30 | +50.0% |
4 Bedrooms | 25 | 29 | +16.0% |
5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Southwest Hills Residential League housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Southwest Hills Residential League in May 2024, the same as the previous month. Of the 8 sold homes, 50% were sold under asking, 25% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
36 Days | 51 Days | +43.7% |
Summary: Homes in Southwest Hills Residential League had an average of 51 days on market in May 2024, up by 43.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Southwest Hills Residential League; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.