Is North Bend, 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, North Bend was a Seller's Market.
Key Takeaway
North Bend is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Bend, OR
How much do homes in North Bend, OR cost?
Median Sold Price
$360,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Bend have sold for 4% less than they did a year ago.
Summary: The median home sold price in North Bend was $360,000 in May 2024, down 4% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $144K | $210K | +45.8% |
| 2 Bedrooms | $276.5K | $270K | -2.4% |
| 3 Bedrooms | $380K | $386.5K | +1.7% |
| 4 Bedrooms | $410K | $462.5K | +12.8% |
| 5+ Bedrooms | $450K | $470K | +4.4% |
Summary: North Bend housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.8%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
| Eastside | $410K | $420K | +2.4% |
| Coos Bay | $327K | $333.9K | +2.1% |
| North Bend | $375K | $360K | -4.0% |
| North Bayside | $412.5K | $352.5K | -14.5% |
Housing Supply in North Bend, OR
How many homes are available in North Bend, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 62 | 69 | +11.3% |
Summary: The North Bend real estate market had 69 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 15 | 13 | -13.3% |
| 3 Bedrooms | 34 | 30 | -11.8% |
| 4 Bedrooms | 7 | 19 | +171.4% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The North Bend housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 171.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 6 | -62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in North Bend, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in North Bend in May 2024, down by 62.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for North Bend, OR
How long does it take to sell a home in North Bend, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 29 Days | 46 Days | +55.5% |
Summary: Homes in North Bend had an average of 46 days on market in May 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
4 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 North Bend are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in North Bend; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
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