Is North Bayside, OR a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Bayside is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, North Bayside was a Buyer's Market.

Key Takeaway

North Bayside 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 Bayside, OR

How much do homes in North Bayside, OR cost?

Median Sold Price

$400,000

$266/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$10,000(-2.4%)

Key Takeaway

Homes in North Bayside have sold for 2.4% less than they did a year ago.

Summary: The median home sold price in North Bayside was $400,000 in February 2024, down 2.4% from last year, and the median price per square foot was $266.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $240K$175K
-27.1%
2 $335K$320K
-4.5%
3 $494.9K$498.5K
+0.7%
4 $823K$515K
-37.4%
5+ $2.2M-
N/A

Summary: North Bayside housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 27.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 0.7%, 4 bedroom homes decreased by 37.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

North Bayside
-2.4%
North Bend
-4.0%
Eastside
-5.4%

Housing Supply in North Bayside, OR

How many homes are available in North Bayside, OR?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
3736-2.7%

Summary: The North Bayside real estate market had 36 homes for sale in February 2024, a 2.7% decrease compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 13
+200.0%
2 1210
-16.7%
3 1716
-5.9%
4 33
0.0%
5+ 44
0.0%

Summary: The North Bayside housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 16.7%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
36+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Bayside, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in North Bayside in February 2024, up by 100.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.

Days on Market for North Bayside, OR

How long does it take to sell a home in North Bayside, OR?

Average Sale Time

Feb 2023Feb 2024CHANGE
21 Days101 Days+381.7%

Summary: Homes in North Bayside had an average of 101 days on market in Feb 2024, up by 381.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 6 homes were sold in North Bayside; 33% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 67% 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 27 Days Ago

Newest Listings in North Bayside, OR

Nearby Markets to North Bayside, OR

What housing markets are near North Bayside, OR?