Is Longmeadow, MA 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, Longmeadow has remained a Seller's Market.
Key Takeaway
Longmeadow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Longmeadow, MA
How much do homes in Longmeadow, MA cost?
Median Sold Price
$461,500
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Longmeadow have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Longmeadow was $461,500 in May 2024, down 0.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $322.5K | -0.8% |
| 3 Bedrooms | $405K | $420K | +3.7% |
| 4 Bedrooms | $540K | $500K | -7.4% |
| 5+ Bedrooms | $572K | $630K | +10.1% |
Summary: Longmeadow 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 0.8%, 3 bedroom homes increased by 3.7%, 4 bedroom homes decreased by 7.4%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
| Agawam | $273.7K | $305K | +11.4% |
| Agawam Town | $297K | $326.6K | +10.0% |
| Enfield | $259.9K | $282.8K | +8.8% |
| East Longmeadow | $360K | $369.9K | +2.8% |
| Longmeadow | $465K | $461.5K | -0.8% |
Housing Supply in Longmeadow, MA
How many homes are available in Longmeadow, MA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 49 | 67 | +36.7% |
Summary: The Longmeadow real estate market had 67 homes for sale in May 2024, a 36.7% increase 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 | 3 | 4 | +33.3% |
| 3 Bedrooms | 25 | 28 | +12.0% |
| 4 Bedrooms | 13 | 25 | +92.3% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Longmeadow 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 increased by 33.3%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 92.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 17 | +30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longmeadow, you could pay more than the asking price. 76.5% of homes here sold above asking price last month.
Summary: A total of 17 homes were sold or pending in Longmeadow in May 2024, up by 30.8% month-over-month. Of the 17 sold homes, 18% were sold under asking, 6% were sold at asking, and 76% were sold over asking.
Days on Market for Longmeadow, MA
How long does it take to sell a home in Longmeadow, MA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 26 Days | 21 Days | -18.0% |
Summary: Homes in Longmeadow had an average of 21 days on market in May 2024, down by 18% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Longmeadow are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 17 homes were sold in Longmeadow; 82% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
