Is South Bend, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, South Bend has remained a Seller's Market.
Housing Prices in South Bend, WA
How much do homes in South Bend, WA cost?
Median Sold Price
$340,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in South Bend was $340,000 in May 2024, up 37.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $230K | - | N/A |
2 Bedrooms | $244.9K | $215.5K | -12.0% |
3 Bedrooms | $240K | $307.5K | +28.1% |
4 Bedrooms | $262.5K | $375K | +42.9% |
5+ Bedrooms | $268K | - | N/A |
Summary: South Bend housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 12%, 3 bedroom homes increased by 28.1%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
South Bend | $247.6K | $340K | +37.3% |
Raymond | $247.5K | $275.5K | +11.3% |
Housing Supply in South Bend, WA
How many homes are available in South Bend, WA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 11 | -21.4% |
Summary: The South Bend real estate market had 11 homes for sale in May 2024, a 21.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 3 | -25.0% |
3 Bedrooms | 9 | 8 | -11.1% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Bend housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 11.1%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 3 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in South Bend in May 2024, down by 40.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for South Bend, WA
How long does it take to sell a home in South Bend, WA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
3 Days | 126 Days | +4111.1% |
Summary: Homes in South Bend had an average of 126 days on market in May 2024, up by 4111.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 3 homes were sold in South Bend; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.