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.
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
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
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
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.