$5,332 Closing Credit*
$449,000
2,166 SqFt
Sadena Abell, Joel Sweet, Listing Office: Pacific Coast Real Estate & Development, LLC, Pacific Properties
Is North Bend, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, North Bend was a Buyer's Market.
Key Takeaway
North Bend 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 North Bend, OR
How much do homes in North Bend, OR cost?
Median Sold Price
$346,750
$243/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$28,250(-7.5%)
Key Takeaway
Homes in North Bend have sold for 7.5% less than they did a year ago.
Summary: The median home sold price in North Bend was $346,750 in October 2024, down 7.5% from last year, and the median price per square foot was $243.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $233K | $200K | -14.2% |
| 2 Bedrooms | $279K | $262K | -6.1% |
| 3 Bedrooms | $377K | $372.5K | -1.2% |
| 4 Bedrooms | $462.5K | $399K | -13.7% |
| 5+ Bedrooms | $481K | $557.5K | +15.9% |
Summary: North Bend housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.2%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 13.7%, and 5+ bedroom homes increased by 15.9%.
Median Sold Price Compared To Nearby Cities
| Coos Bay | $330.9K | $341K | +3.0% |
| Eastside | $425K | $410K | -3.5% |
| North Bend | $375K | $346.7K | -7.5% |
| North Bayside | $400K | $315K | -21.3% |
Housing Supply in North Bend, OR
How many homes are available in North Bend, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 79 | 73 | -7.6% |
Summary: The North Bend real estate market had 73 homes for sale in October 2024, a 7.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 32 | 31 | -3.1% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The North Bend housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 3.1%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Bend, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in North Bend in October 2024, down by 26.7% month-over-month. Of the 11 sold homes, 36% were sold under asking, 36% were sold at asking, and 27% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 59 Days | 57 Days | -1.8% |
Summary: Homes in North Bend had an average of 57 days on market in Oct 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Bend are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in North Bend; 45% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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