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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longview Heights is a buyer's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

Longview Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Longview Heights, WA

How much do homes in Longview Heights, WA cost?

Median Sold Price

$429,000

$215/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$16,000(-3.6%)

Key Takeaway

Homes in Longview Heights have sold for 3.6% less than they did a year ago.

Summary: The median home sold price in Longview Heights was $429,000 in November 2024, down 3.6% from last year, and the median price per square foot was $215.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 -$360K
N/A
3 $414K$388K
-6.3%
4 $467.2K$530.9K
+13.6%
5+ $474.6K$440K
-7.3%

Summary: Longview Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.3%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes decreased by 7.3%.

Housing Supply in Longview Heights, WA

How many homes are available in Longview Heights, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4953+8.2%

Summary: The Longview Heights real estate market had 53 homes for sale in November 2024, a 8.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 44
0.0%
3 1922
+15.8%
4 1922
+15.8%
5+ 75
-28.6%

Summary: The Longview Heights housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 15.8%, and 5+ bedroom homes decreased by 28.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
57+40.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longview Heights, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Longview Heights in November 2024, up by 40.0% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.

Days on Market for Longview Heights, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days75 Days+308.9%

Summary: Homes in Longview Heights had an average of 75 days on market in Nov 2024, up by 308.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Longview Heights has remained consistent over time.

Summary: During November 2024, 7 homes were sold in Longview Heights; 29% of homes were sold within 30 days, 57% 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 21 Days Ago

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