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 August 2022

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

How much do homes in North Bend, WA cost?

Median Sold Price

$1,067,975

$445/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2022

-$53,501(-4.8%)

Key Takeaway

Homes in North Bend have sold for 4.8% less than they did a year ago.

Summary: The median home sold price in North Bend was $1,067,975 in August 2023, down 4.8% from last year, and the median price per square foot was $445.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 -$675K
N/A
2 $473K$605K
+27.9%
3 $1.0M$850K
-15.0%
4 $1.1M$1.2M
+5.9%
5+ $1.3M$1.3M
-2.5%

Summary: North Bend housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 27.9%, 3 bedroom homes decreased by 15%, 4 bedroom homes increased by 5.9%, and 5+ bedroom homes decreased by 2.5%.

Median Sold Price Compared To Nearby Cities

North Bend
-4.8%
Snoqualmie Valley
-5.8%
Snoqualmie
-8.6%

Housing Supply

How many homes are available in North Bend, WA?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE
5057+14.0%

Summary: The North Bend real estate market had 57 homes for sale in August 2023, a 14.0% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
0.0%
2 25
+150.0%
3 2829
+3.6%
4 1420
+42.9%
5+ 63
-50.0%

Summary: The North Bend housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE
1720+17.6%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Bend, you could pay more than the asking price. 65% of homes here sold above asking price last month.

Summary: A total of 20 homes were sold or pending in North Bend in August 2023, up by 17.6% month-over-month. Of the 20 sold homes, 15% were sold under asking, 20% were sold at asking, and 65% were sold over asking.

Days on Market

How long does it take to sell a home in North Bend, WA?

Average Sale Time

Aug 2022Aug 2023CHANGE
27 Days12 Days-54.1%

Summary: Homes in North Bend had an average of 12 days on market in Aug 2023, down by 54.1% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were 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 August 2023, 20 homes were sold in North Bend; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% 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 25 Days Ago

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Nearby Markets

What housing markets are near North Bend, WA?