Is North Bend, WA 98045 a buyer’s or seller’s market?
North Bend is a seller’s market. With about 2 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 70% of U.S. ZIP codes, and #78 of 298 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The North Bend housing market right now
In the three months ending August 31, 2026, 20% of homes in North Bend, WA 98045 sold above their list price, the typical home went under contract in 8 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 73 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold faster (11 days then) and the median sale price rose 7% to $1,199,481. Overall, North Bend is less competitive than a year ago, which gives buyers more room.
Within King County, homes here sell faster than in 94% of the county’s ZIP codes, and sell less often over asking than in 52%. On our competition score, North Bend ranks #78 of 298 WA ZIP codes with enough sales (score 67 out of 100).
Nearby, buyers who want less competition could look at Skykomish 98288 (0% sold over asking) or Baring 98224 (0% sold over asking), while Seattle 98155 (43% sold over asking) and Seattle 98136 (41% sold over asking) are even more competitive.
Run the numbers for 98045
Nearby markets
Auburn 98001Seller’s market $342 /sq ftAuburn 98002Balanced $322 /sq ftAuburn 98092Balanced $324 /sq ftBaring 98224 $798 /sq ft Browse all markets →Towns like North Bend nearby
Find towns like North Bend in other states →Where North Bend is
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Questions about North Bend real estate
Is North Bend a buyer’s or seller’s market?
A seller’s market: there were 2 months of supply in North Bend, WA 98045 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in North Bend?
The typical home went under contract in 8 days in the latest three months.
Do homes in North Bend sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 99.3% of the list price.
What are property taxes in North Bend?
About 0.83% of a home’s value a year in King County, or roughly $3,320 on a $400,000 home.
What is the median home price in North Bend?
The median sale price was $1,199,481 in the three months ending August 31, 2026, about $494 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology