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 March 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

$350,000

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

+$4,966(+1.4%)

Key Takeaway

Homes in Long Beach-North Beach Peninsula have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Long Beach-North Beach Peninsula was $350,000 in March 2024, up 1.4% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $199.9K$249.9K
+25.0%
2 $333.5K$325.7K
-2.3%
3 $370K$420.5K
+13.6%
4 $650K$558K
-14.2%
5+ $566K$150K
-73.5%

Summary: Long Beach-North Beach Peninsula housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25%, 2 bedroom homes decreased by 2.3%, 3 bedroom homes increased by 13.6%, 4 bedroom homes decreased by 14.2%, and 5+ bedroom homes decreased by 73.5%.

Median Sold Price Compared To Nearby Cities

Long Beach
+18.7%
Long Beach-North Beach Peninsula
+1.4%
Seaview
-13.8%
Ilwaco
-28.3%

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

Feb 2024Mar 2024CHANGE
169206+21.9%

Summary: The Long Beach-North Beach Peninsula real estate market had 206 homes for sale in March 2024, a 21.9% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 1522
+46.7%
2 6685
+28.8%
3 7179
+11.3%
4 1214
+16.7%
5+ 56
+20.0%

Summary: The Long Beach-North Beach Peninsula housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 46.7%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 11.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 20%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
2123+9.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

2 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. 56.5% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Long Beach-North Beach Peninsula in March 2024, up by 9.5% month-over-month. Of the 23 sold homes, 57% were sold under asking, 35% were sold at asking, and 9% 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

Mar 2023Mar 2024CHANGE
110 Days74 Days-32.8%

Summary: Homes in Long Beach-North Beach Peninsula had an average of 74 days on market in Mar 2024, down by 32.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Long Beach-North Beach Peninsula are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 23 homes were sold in Long Beach-North Beach Peninsula; 43% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 26% 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 22 Days Ago

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