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 April 2023

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 in North Bend, WA

How much do homes in North Bend, WA cost?

Median Sold Price

$885,107

$456/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

-$244,893(-21.7%)

Key Takeaway

Homes in North Bend have sold for 21.7% less than they did a year ago.

Summary: The median home sold price in North Bend was $885,107 in April 2024, down 21.7% from last year, and the median price per square foot was $456.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $675K$438K
-35.1%
2 $605K$664.2K
+9.8%
3 $899K$805K
-10.5%
4 $1.2M$1.3M
+9.1%
5+ $1.3M$1.3M
+5.0%

Summary: North Bend housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 35.1%, 2 bedroom homes increased by 9.8%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 5%.

Median Sold Price Compared To Nearby Cities

Snoqualmie
-3.2%
Snoqualmie Valley
-3.5%
North Bend
-21.7%

Housing Supply in North Bend, WA

How many homes are available in North Bend, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4652+13.0%

Summary: The North Bend real estate market had 52 homes for sale in April 2024, a 13.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 61
-83.3%
2 99
0.0%
3 2118
-14.3%
4 716
+128.6%
5+ 38
+166.7%

Summary: The North Bend housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 83.3%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 128.6%, and 5+ bedroom homes increased by 166.7%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1615-6.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Bend, you could pay more than the asking price. 80% of homes here sold above asking price last month.

Summary: A total of 15 homes were sold or pending in North Bend in April 2024, down by 6.3% month-over-month. Of the 15 sold homes, 13% were sold under asking, 7% were sold at asking, and 80% 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

Apr 2023Apr 2024CHANGE
48 Days6 Days-87.6%

Summary: Homes in North Bend had an average of 6 days on market in Apr 2024, down by 87.6% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

0 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.

Summary: During April 2024, 15 homes were sold in North Bend; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in North Bend, WA

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