Is North Bend, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, North Bend was a Seller's Market.
Housing Prices in North Bend, OR
How much do homes in North Bend, OR cost?
Median Sold Price
$360,000
$238/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Bend was $360,000 in May 2024, down 4% from last year, and the median price per square foot was $238.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $144K | $210K | +45.8% |
2 Bedrooms | $276.5K | $270K | -2.4% |
3 Bedrooms | $380K | $386.5K | +1.7% |
4 Bedrooms | $410K | $462.5K | +12.8% |
5+ Bedrooms | $450K | $470K | +4.4% |
Summary: North Bend housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 45.8%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 12.8%, and 5+ bedroom homes increased by 4.4%.
Median Sold Price Compared To Nearby Cities
Eastside | $410K | $420K | +2.4% |
Coos Bay | $327K | $333.9K | +2.1% |
North Bend | $375K | $360K | -4.0% |
North Bayside | $412.5K | $352.5K | -14.5% |
Housing Supply in North Bend, OR
How many homes are available in North Bend, OR?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
62 | 69 | +11.3% |
Summary: The North Bend real estate market had 69 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 15 | 13 | -13.3% |
3 Bedrooms | 34 | 30 | -11.8% |
4 Bedrooms | 7 | 19 | +171.4% |
5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The North Bend housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 13.3%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes increased by 171.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
16 | 6 | -62.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in North Bend in May 2024, down by 62.5% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for North Bend, OR
How long does it take to sell a home in North Bend, OR?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
29 Days | 46 Days | +55.5% |
Summary: Homes in North Bend had an average of 46 days on market in May 2024, up by 55.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in North Bend; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.