Is Langley, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Langley is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Langley was a Seller's Market.

Key Takeaway

Langley is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Langley, WA

How much do homes in Langley, WA cost?

Median Sold Price

$807,500

$428/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$27,500(+3.5%)

Key Takeaway

Homes in Langley have sold for 3.5% more than they did a year ago.

Summary: The median home sold price in Langley was $807,500 in November 2024, up 3.5% from last year, and the median price per square foot was $428.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $698.5K$759K
+8.7%
2 $746K$775K
+3.9%
3 $780K$855K
+9.6%
4 $792.5K$1.5M
+89.3%
5+ -$867.5K
N/A

Summary: Langley housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 89.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Langley
+3.5%
South Whidbey Island
-0.1%

Housing Supply in Langley, WA

How many homes are available in Langley, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3133+6.5%

Summary: The Langley real estate market had 33 homes for sale in November 2024, a 6.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 1312
-7.7%
3 1518
+20.0%
4 12
+100.0%
5+ 00
0.0%

Summary: The Langley housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
550.0%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Langley, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Langley in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.

Days on Market for Langley, WA

How long does it take to sell a home in Langley, WA?

Average Sale Time

Nov 2023Nov 2024CHANGE
57 Days76 Days+32.9%

Summary: Homes in Langley had an average of 76 days on market in Nov 2024, up by 32.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Langley are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 5 homes were sold in Langley; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 60% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in Langley, WA

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