Is Long Beach-North Beach Peninsula, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Long Beach-North Beach Peninsula is a neutral's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Long Beach-North Beach Peninsula was a Seller's Market.

Key Takeaway

Long Beach-North Beach Peninsula is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Long Beach-North Beach Peninsula, WA

How much do homes in Long Beach-North Beach Peninsula, WA cost?

Median Sold Price

$349,950

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$5,250(+1.5%)

Key Takeaway

Homes in Long Beach-North Beach Peninsula have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Long Beach-North Beach Peninsula was $349,950 in May 2024, up 1.5% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $200K$249K
+24.5%
2 $330K$321.7K
-2.5%
3 $370K$421.5K
+13.9%
4 $564.5K$546K
-3.3%
5+ $553K$150K
-72.9%

Summary: Long Beach-North Beach Peninsula housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24.5%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes increased by 13.9%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 72.9%.

Median Sold Price Compared To Nearby Cities

Long Beach
+16.7%
Long Beach-North Beach Peninsula
+1.5%
Naselle
-10.1%
Seaview
-19.4%

Housing Supply in Long Beach-North Beach Peninsula, WA

How many homes are available in Long Beach-North Beach Peninsula, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
183228+24.6%

Summary: The Long Beach-North Beach Peninsula real estate market had 228 homes for sale in May 2024, a 24.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 2124
+14.3%
2 7590
+20.0%
3 7191
+28.2%
4 1017
+70.0%
5+ 66
0.0%

Summary: The Long Beach-North Beach Peninsula housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 70%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
2737+37.0%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

12 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Long Beach-North Beach Peninsula, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.

Summary: A total of 37 homes were sold or pending in Long Beach-North Beach Peninsula in May 2024, up by 37.0% month-over-month. Of the 37 sold homes, 57% were sold under asking, 32% were sold at asking, and 11% were sold over asking.

Days on Market for Long Beach-North Beach Peninsula, WA

How long does it take to sell a home in Long Beach-North Beach Peninsula, WA?

Average Sale Time

May 2023May 2024CHANGE
36 Days35 Days-1.9%

Summary: Homes in Long Beach-North Beach Peninsula had an average of 35 days on market in May 2024, down by 1.9% compared to last year.

Breakdown of Home Sale Times

26 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Long Beach-North Beach Peninsula are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 37 homes were sold in Long Beach-North Beach Peninsula; 70% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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