Is North Bend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
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
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $675K | N/A |
| 2 Bedrooms | $473K | $605K | +27.9% |
| 3 Bedrooms | $1.0M | $850K | -15.0% |
| 4 Bedrooms | $1.1M | $1.2M | +5.9% |
| 5+ Bedrooms | $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 | $1.1M | $1.0M | -4.8% |
| Snoqualmie Valley | $1.0M | $949.9K | -5.8% |
| Snoqualmie | $1.1M | $1.0M | -8.6% |
Housing Supply
How many homes are available in North Bend, WA?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 50 | 57 | +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
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 5 | +150.0% |
| 3 Bedrooms | 28 | 29 | +3.6% |
| 4 Bedrooms | 14 | 20 | +42.9% |
| 5+ Bedrooms | 6 | 3 | -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 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 17 | 20 | +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
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 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 27 Days | 12 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
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.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2023 Northwest MLS. All rights reserved.