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 October 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

$376,750

$253/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$6,750(+1.8%)

Key Takeaway

Homes in Longview have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Longview was $376,750 in October 2024, up 1.8% from last year, and the median price per square foot was $253.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $232.5K$228K
-1.9%
2 $280K$295K
+5.4%
3 $377.4K$384K
+1.7%
4 $450K$456K
+1.3%
5+ $494.9K$440K
-11.1%

Summary: Longview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 1.3%, and 5+ bedroom homes decreased by 11.1%.

Median Sold Price Compared To Nearby Cities

Kelso
+5.6%
Longview-Kelso
+2.0%
Longview
+1.8%

Housing Supply in Longview, WA

How many homes are available in Longview, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
353385+9.1%

Summary: The Longview real estate market had 385 homes for sale in October 2024, a 9.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 39
+200.0%
2 7779
+2.6%
3 159175
+10.1%
4 9294
+2.2%
5+ 2228
+27.3%

Summary: The Longview housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 10.1%, 4 bedroom homes increased by 2.2%, and 5+ bedroom homes increased by 27.3%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
6281+30.6%

Asking Price vs. Sold Price

35 Homes Were Sold
Under Asking

32 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longview, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.

Summary: A total of 81 homes were sold or pending in Longview in October 2024, up by 30.6% month-over-month. Of the 81 sold homes, 43% were sold under asking, 40% were sold at asking, and 17% 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

Oct 2023Oct 2024CHANGE
38 Days38 Days+2.5%

Summary: Homes in Longview had an average of 38 days on market in Oct 2024, up by 2.5% compared to last year.

Breakdown of Home Sale Times

46 Homes Were Sold
Under 30 Days

28 Homes Were Sold
In 30 - 90 Days

7 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 October 2024, 81 homes were sold in Longview; 57% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 9% 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 16 Days Ago

Newest Listings in Longview, WA

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