Is North Bayside, 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 Bayside was a Buyer's Market.
Key Takeaway
North Bayside 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 North Bayside, OR
How much do homes in North Bayside, OR cost?
Median Sold Price
$352,500
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Bayside have sold for 14.5% less than they did a year ago.
Summary: The median home sold price in North Bayside was $352,500 in May 2024, down 14.5% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $246K | $175K | -28.9% |
| 2 Bedrooms | $345K | $269.5K | -21.9% |
| 3 Bedrooms | $465K | $497.5K | +7.0% |
| 4 Bedrooms | $580K | $499.9K | -13.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: North Bayside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 28.9%, 2 bedroom homes decreased by 21.9%, 3 bedroom homes increased by 7%, 4 bedroom homes decreased by 13.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Eastside | $410K | $420K | +2.4% |
| North Bend | $375K | $360K | -4.0% |
| North Bayside | $412.5K | $352.5K | -14.5% |
| Lakeside | $340K | $270K | -20.6% |
Housing Supply in North Bayside, OR
How many homes are available in North Bayside, OR?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 39 | +14.7% |
Summary: The North Bayside real estate market had 39 homes for sale in May 2024, a 14.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 10 | 10 | 0.0% |
| 3 Bedrooms | 15 | 18 | +20.0% |
| 4 Bedrooms | 3 | 5 | +66.7% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The North Bayside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes remained the same, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 66.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Bayside, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in North Bayside in May 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for North Bayside, OR
How long does it take to sell a home in North Bayside, OR?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 37 Days | 8 Days | -78.8% |
Summary: Homes in North Bayside had an average of 8 days on market in May 2024, down by 78.8% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Bayside are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 6 homes were sold in North Bayside; 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.
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