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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longview is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Longview has remained a Seller's Market.

Key Takeaway

Longview is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Longview, WA

How much do homes in Longview, WA cost?

Median Sold Price

$376,250

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$3,916(+1.1%)

Key Takeaway

Homes in Longview have sold for 1.1% more than they did a year ago.

Summary: The median home sold price in Longview was $376,250 in November 2024, up 1.1% from last year, and the median price per square foot was $254.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $232.5K$218.9K
-5.8%
2 $282K$299.9K
+6.3%
3 $379.6K$389K
+2.5%
4 $450K$457.5K
+1.7%
5+ $471.4K$482.5K
+2.3%

Summary: Longview housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 2.3%.

Median Sold Price Compared To Nearby Cities

Kelso
+4.2%
Longview-Kelso
+2.4%
Longview
+1.1%

Housing Supply in Longview, WA

How many homes are available in Longview, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
379360-5.0%

Summary: The Longview real estate market had 360 homes for sale in November 2024, a 5.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 96
-33.3%
2 7772
-6.5%
3 179181
+1.1%
4 8876
-13.6%
5+ 2625
-3.8%

Summary: The Longview housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 1.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes decreased by 3.8%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8277-6.1%

Asking Price vs. Sold Price

25 Homes Were Sold
Under Asking

30 Homes Were Sold
At Asking

22 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longview, expect to pay close to the asking price. 39% of homes here sold near the asking price last month.

Summary: A total of 77 homes were sold or pending in Longview in November 2024, down by 6.1% month-over-month. Of the 77 sold homes, 32% were sold under asking, 39% were sold at asking, and 29% were sold over asking.

Days on Market for Longview, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
46 Days46 Days-0.4%

Summary: Homes in Longview had an average of 46 days on market in Nov 2024, down by 0.4% compared to last year.

Breakdown of Home Sale Times

40 Homes Were Sold
Under 30 Days

26 Homes Were Sold
In 30 - 90 Days

11 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Longview are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 77 homes were sold in Longview; 52% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 14% 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 Longview, WA

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