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 buyer's market

Buyer's
Market

Difference Since October 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 Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Long Beach-North Beach Peninsula, WA

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

Median Sold Price

$359,500

$281/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,600(+2.7%)

Key Takeaway

Homes in Long Beach-North Beach Peninsula have sold for 2.7% more than they did a year ago.

Summary: The median home sold price in Long Beach-North Beach Peninsula was $359,500 in October 2024, up 2.7% from last year, and the median price per square foot was $281.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $244K$235K
-3.7%
2 $329K$319.9K
-2.8%
3 $400K$435K
+8.8%
4 $479K$543K
+13.4%
5+ $566K$589.5K
+4.2%

Summary: Long Beach-North Beach Peninsula housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.7%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 13.4%, and 5+ bedroom homes increased by 4.2%.

Median Sold Price Compared To Nearby Cities

Long Beach
+12.1%
Long Beach-North Beach Peninsula
+2.7%

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

Sep 2024Oct 2024CHANGE
264251-4.9%

Summary: The Long Beach-North Beach Peninsula real estate market had 251 homes for sale in October 2024, a 4.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2626
0.0%
2 116106
-8.6%
3 9293
+1.1%
4 2320
-13.0%
5+ 76
-14.3%

Summary: The Long Beach-North Beach Peninsula 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 8.6%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 14.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3335+6.1%

Asking Price vs. Sold Price

30 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

0 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. 85.7% of homes here sold below asking price last month.

Summary: A total of 35 homes were sold or pending in Long Beach-North Beach Peninsula in October 2024, up by 6.1% month-over-month. Of the 35 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
111 Days117 Days+5.5%

Summary: Homes in Long Beach-North Beach Peninsula had an average of 117 days on market in Oct 2024, up by 5.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

22 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Long Beach-North Beach Peninsula are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 35 homes were sold in Long Beach-North Beach Peninsula; 20% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 63% 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 16 Days Ago

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