Is Long Beach-North Beach Peninsula, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Long Beach-North Beach Peninsula is a neutral's market

Buyer's
Market

Difference Since April 2023

At the same time last year, Long Beach-North Beach Peninsula was a Seller's Market.

Key Takeaway

Long Beach-North Beach Peninsula is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Long Beach-North Beach Peninsula, WA

How much do homes in Long Beach-North Beach Peninsula, WA cost?

Median Sold Price

$349,500

$276/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$3,386(+1.0%)

Key Takeaway

Homes in Long Beach-North Beach Peninsula have sold for 1% more than they did a year ago.

Summary: The median home sold price in Long Beach-North Beach Peninsula was $349,500 in April 2024, up 1% from last year, and the median price per square foot was $276.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $200K$245K
+22.5%
2 $339K$320K
-5.6%
3 $360K$427.5K
+18.8%
4 $564.5K$546K
-3.3%
5+ $553K$150K
-72.9%

Summary: Long Beach-North Beach Peninsula housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.5%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 18.8%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes decreased by 72.9%.

Median Sold Price Compared To Nearby Cities

Long Beach
+18.8%
Long Beach-North Beach Peninsula
+1.0%
Naselle
-12.3%
Seaview
-17.7%

Housing Supply in Long Beach-North Beach Peninsula, WA

How many homes are available in Long Beach-North Beach Peninsula, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
163182+11.7%

Summary: The Long Beach-North Beach Peninsula real estate market had 182 homes for sale in April 2024, a 11.7% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 1822
+22.2%
2 6671
+7.6%
3 6474
+15.6%
4 1110
-9.1%
5+ 45
+25.0%

Summary: The Long Beach-North Beach Peninsula housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
2427+12.5%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Long Beach-North Beach Peninsula, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Long Beach-North Beach Peninsula in April 2024, up by 12.5% month-over-month. Of the 27 sold homes, 67% were sold under asking, 26% were sold at asking, and 7% were sold over asking.

Days on Market for Long Beach-North Beach Peninsula, WA

How long does it take to sell a home in Long Beach-North Beach Peninsula, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
76 Days54 Days-28.9%

Summary: Homes in Long Beach-North Beach Peninsula had an average of 54 days on market in Apr 2024, down by 28.9% compared to last year.

Breakdown of Home Sale Times

16 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Long Beach-North Beach Peninsula are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 27 homes were sold in Long Beach-North Beach Peninsula; 59% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 26% 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 1 Day Ago

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