Is North Bend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Bend has remained a Seller's Market.
Housing Prices in North Bend, WA
How much do homes in North Bend, WA cost?
Median Sold Price
$864,990
$466/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Bend was $864,990 in May 2024, down 23.1% from last year, and the median price per square foot was $466.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $675K | $438K | -35.1% |
2 Bedrooms | $645.5K | $562.5K | -12.9% |
3 Bedrooms | $865K | $799.9K | -7.5% |
4 Bedrooms | $1.2M | $1.3M | +10.4% |
5+ Bedrooms | $1.3M | $1.4M | +7.9% |
Summary: North Bend housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes decreased by 12.9%, 3 bedroom homes decreased by 7.5%, 4 bedroom homes increased by 10.4%, and 5+ bedroom homes increased by 7.9%.
Median Sold Price Compared To Nearby Cities
Snoqualmie | $1.0M | $1.1M | +2.3% |
Snoqualmie Valley | $951.2K | $950K | -0.1% |
North Bend | $1.1M | $864.9K | -23.1% |
Housing Supply in North Bend, WA
How many homes are available in North Bend, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
60 | 69 | +15.0% |
Summary: The North Bend real estate market had 69 homes for sale in May 2024, a 15.0% 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 | 11 | 13 | +18.2% |
3 Bedrooms | 24 | 20 | -16.7% |
4 Bedrooms | 16 | 26 | +62.5% |
5+ Bedrooms | 8 | 8 | 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 increased by 18.2%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 30 | +57.9% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Summary: A total of 30 homes were sold or pending in North Bend in May 2024, up by 57.9% month-over-month. Of the 30 sold homes, 23% were sold under asking, 33% were sold at asking, and 43% were sold over asking.
Days on Market for North Bend, WA
How long does it take to sell a home in North Bend, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
40 Days | 18 Days | -52.9% |
Summary: Homes in North Bend had an average of 18 days on market in May 2024, down by 52.9% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 30 homes were sold in North Bend; 87% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.