Is North Bend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, North Bend has remained a Seller's Market.
Housing Prices in North Bend, WA
How much do homes in North Bend, WA cost?
Median Sold Price
$872,500
$456/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in North Bend was $872,500 in March 2024, down 24.1% from last year, and the median price per square foot was $456.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $675K | N/A |
2 Bedrooms | $590K | $642.5K | +8.9% |
3 Bedrooms | $944.2K | $809.9K | -14.2% |
4 Bedrooms | $1.2M | $1.2M | +3.6% |
5+ Bedrooms | $1.3M | $1.3M | +2.5% |
Summary: North Bend housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 14.2%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Cities
Snoqualmie | $1.1M | $1.0M | -5.3% |
Snoqualmie Valley | $1.0M | $940.3K | -8.4% |
North Bend | $1.1M | $872.5K | -24.1% |
Housing Supply in North Bend, WA
How many homes are available in North Bend, WA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
31 | 47 | +51.6% |
Summary: The North Bend real estate market had 47 homes for sale in March 2024, a 51.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 6 | +100.0% |
2 Bedrooms | 3 | 10 | +233.3% |
3 Bedrooms | 16 | 21 | +31.3% |
4 Bedrooms | 9 | 7 | -22.2% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The North Bend housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 233.3%, 3 bedroom homes increased by 31.3%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 15 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 15 homes were sold or pending in North Bend in March 2024, up by 50.0% month-over-month. Of the 15 sold homes, 27% were sold under asking, 20% were sold at asking, and 53% were sold over asking.
Days on Market for North Bend, WA
How long does it take to sell a home in North Bend, WA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
60 Days | 42 Days | -30.1% |
Summary: Homes in North Bend had an average of 42 days on market in Mar 2024, down by 30.1% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 15 homes were sold in North Bend; 80% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.