North Bend 98045

King County, WA · 5,796 properties · updated 7/5/2026

Should you buy here?buyer-timing lens

38affordability /100

Buyer leverage is seller advantage; weigh payment burden and the 3-lens valuation before bidding.

Payment burden
37.6%
severe
Days on market
10
daily
Price cuts
15.6%
of active
Valuation
+14.1%
vs assessor
Look up an address
41
/100
Mixed
stable · seller advantage · prices easing year-over-year.
Price trend
42
Affordability
25
Valuation
70
Economic health
38

Verdict grades housing conditions; buyer-timing, investor cash-flow, supply-tightness and county macro scores answer different questions — each in its own section.

Buyer / sellerbuyer-timing lens

69/ 100SellerBalancedBuyer
Negotiate Hard
Needs 20.2% correction for affordability
DOM: 50d (rising) · Market Dynamics rolling median · hourly
Score Components
Payment Burden (25%)75
Valuation Gap (25%)60
Supply & Demand (20%)85
Buy vs Rent (15%)100
Cancellation Rate (10%)0
Days on Market (5%)60

Moderate buyer leverage in 98045. Room to negotiate 5-10% below list. Payment burden: 37.6% of median income. A 7% price correction needed to reach 30% affordability threshold. Median days on market: 50. Renting is approximately 120% cheaper than buying (price-to-rent ratio: 26.4).

What to Offer

Offer 5-10% below list. You have room to negotiate.

Conditions resemble 2019 pre-pandemic levels — moderate overvaluation with slowing demand. Negotiation room exists.
STABLESELLER ADVANTAGE

Market is holding steady with balanced conditions. Sellers are firmly in control. Prices down 1.5% YoY.

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Market snapshoteach number, once

Median price
$1,004,541
▾ 1.5% YoY
Days on market
10
daily · zip_data
Median rent
$3,168
ZORI
Investor score
32/100
cash-flow lens
Active listings
40
90-day

Valuation3 lenses, different anchors

vs assessor
+14.1%
Market vs assessed value — a tax-roll lag, not a deal signal.
Avg assessor$1,145,950
county CAMA · properties_v
vs income
Fair-value model not available for this market.
fair_value_scores · 10-state coverage
vs county comps
+69.0%
County-wide market — the widest, slowest signal.
King+69.0%
Lotvox comps · mv_valuation_gap

Read together: Above county comps but sustainable on local incomes.
Pricing detail
Price / sqft
Price-to-income6.2×

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How 98045 ranks in WA
percentile vs all Washington ZIPs · n=581
Market velocity86%
Supply tightness59%
Affordability44%
Investment yield58%
Appreciation17%

Affordability, supply & momentum

47SUPPLY
BalancedSupply Tightness

Supply and demand are roughly even — standard negotiation dynamics.

Months of Supply9.7 mo
Days on Market10d
Inv vs History+5.0%
Listing Density--
Affordability — payment burden
Monthly payment (P&I)$5,074
Payment burden37.6%
Median income · ZIP$161,897
Mortgage rate6.49% · 30yr
Total monthly own$6,079
Monthly rent$3,168
Market dynamics
Price cut %15.6%
Momentumstable
LeverageSELLER ADVANTAGE
Months of supply9.7
Sales (90d)0
Investment analysis
Median rent$3,168
Price-to-rent26.4
Est. cap rate2.5%
Buy vs rentfavors renting

Livability

Walk score8
Transit score3
Bike score

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King County contextmacro · jobs · debt · migration

ZIP score grades housing; county score adds macro distress (jobs, debt, poverty). They answer different questions.

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