$4,976 Closing Credit*
$419,000
1,846 SqFt
3 Beds
•2 Full Baths, 1 Partial
#73307943, The Deschamps Realty Team, Listing Office: Berkshire Hathaway HomeServices Realty Professionals
Is East Longmeadow, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, East Longmeadow has remained a Seller's Market.
Key Takeaway
East Longmeadow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Longmeadow, MA
How much do homes in East Longmeadow, MA cost?
Median Sold Price
$370,000
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$7,000(-1.9%)
Key Takeaway
Homes in East Longmeadow have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in East Longmeadow was $370,000 in September 2024, down 1.9% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $305K | $300K | -1.6% |
| 3 Bedrooms | $341.8K | $362.5K | +6.0% |
| 4 Bedrooms | $500K | $439.7K | -12.0% |
| 5+ Bedrooms | $348.5K | $456K | +30.8% |
Summary: East Longmeadow housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 12%, and 5+ bedroom homes increased by 30.8%.
Median Sold Price Compared To Nearby Cities
| Wilbraham | $400K | $445K | +11.3% |
| Springfield | $269.9K | $297.5K | +10.2% |
| Hampden | $372.5K | $406K | +9.0% |
| East Longmeadow | $377K | $370K | -1.9% |
Housing Supply in East Longmeadow, MA
How many homes are available in East Longmeadow, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 64 | 63 | -1.6% |
Summary: The East Longmeadow real estate market had 63 homes for sale in September 2024, a 1.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 11 | +10.0% |
| 3 Bedrooms | 29 | 30 | +3.4% |
| 4 Bedrooms | 16 | 14 | -12.5% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The East Longmeadow housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 22 | 14 | -36.4% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Longmeadow, you could pay more than the asking price. 57.1% of homes here sold above asking price last month.
Summary: A total of 14 homes were sold or pending in East Longmeadow in September 2024, down by 36.4% month-over-month. Of the 14 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% were sold over asking.
Days on Market for East Longmeadow, MA
How long does it take to sell a home in East Longmeadow, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 34 Days | 25 Days | -24.3% |
Summary: Homes in East Longmeadow had an average of 25 days on market in Sep 2024, down by 24.3% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Longmeadow are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 14 homes were sold in East Longmeadow; 64% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
