Is North Bend, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Bend is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, North Bend has remained a Seller's Market.

Key Takeaway

North Bend is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in North Bend, WA

How much do homes in North Bend, WA cost?

Median Sold Price

$869,000

$494/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$111,000(-11.3%)

Key Takeaway

Homes in North Bend have sold for 11.3% less than they did a year ago.

Summary: The median home sold price in North Bend was $869,000 in October 2024, down 11.3% from last year, and the median price per square foot was $494.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $675K$424.8K
-37.1%
2 $585K$556.2K
-4.9%
3 $849.9K$800K
-5.9%
4 $1.2M$1.3M
+8.1%
5+ $1.3M$1.4M
+6.6%

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 37.1%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 6.6%.

Median Sold Price Compared To Nearby Cities

Snoqualmie
+9.9%
Snoqualmie Valley
+3.3%
North Bend
-11.3%

Housing Supply in North Bend, WA

How many homes are available in North Bend, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
6059-1.7%

Summary: The North Bend real estate market had 59 homes for sale in October 2024, a 1.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 43
-25.0%
2 55
0.0%
3 2825
-10.7%
4 1919
0.0%
5+ 47
+75.0%

Summary: The North Bend housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 10.7%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 75%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Bend, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.

Summary: A total of 15 homes were sold or pending in North Bend in October 2024, down by 6.3% month-over-month. Of the 15 sold homes, 27% were sold under asking, 40% were sold at asking, and 33% 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

Oct 2023Oct 2024CHANGE
51 Days22 Days-56.0%

Summary: Homes in North Bend had an average of 22 days on market in Oct 2024, down by 56% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Bend are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 15 homes were sold in North Bend; 73% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 7% 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 12 Days Ago

Newest Listings in North Bend, WA

Nearby Markets to North Bend, WA

What housing markets are near North Bend, WA?