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 July 2021

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.

How much do homes in North Bend, WA cost?

Median Sold Price

$1,057,940

$459/sqft

Based on all homes sold in the last 12 months.

Difference Since July 2021

+$177,940(+20.2%)

Key Takeaway

Homes in North Bend have sold for 20.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJul 2021Jul 2022%
1 --
N/A
2 $540K$471.5K
-12.7%
3 $752.5K$932.2K
+23.9%
4 $952K$1.1M
+23.4%
5+ $956.8K$1.2M
+34.6%

Median Sold Price Compared To Nearby Cities

Snoqualmie
+32.2%
Snoqualmie Valley
+23.6%
North Bend
+20.2%

How many homes are available in North Bend, WA?

Number of Homes For Sale

Jun 2022Jul 2022%
5456+3.7%

Homes For Sale By Bedroom Count

# BEDSJun 2022Jul 2022%
1 00
0.0%
2 34
+33.3%
3 1214
+16.7%
4 2725
-7.4%
5+ 1213
+8.3%

Number of Homes Sold

Jun 2022Jul 2022%
1011+10.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Bend, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Average Sale Time

Jul 2021Jul 2022%
15 Days15 Days0.5%

Breakdown of Home Sale Times

9 Homes Were Sold
Under 30 Days

2 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About North Bend, WA

Number of homes for sale in North Bend, WA real estate market have reached 56. Between June 2022 and July 2022, North Bend, WA real estate market has seen increase in the number of listings by 3.7%. The median list price of listings available in July 2022 was $1,057,940, while the average time on the real estate market was 15 days. Listing prices have changed in this real estate market between June 2022 and July 2022: the cost of 1 bedroom properties went up by 0%, prices of 2 bedrooms properties went down by 12.7%, prices of 3 bedrooms properties increased by 23.9%, 4 bedrooms properties prices increased by 23.4%, 5 bedrooms properties became 34.6% more expensive. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory did not change, number of 2 bedrooms homes increased by 33.3%, 3 bedrooms homes became 16.7% more available, volume of 4 bedrooms homes went down by 7.4%, volume of 5 bedrooms homes went up by 8.3%. North Bend, WA housing market in July 2022 saw over 3 listings sold above listed price, more than 0 sold at listed price and over 8 sold below.

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