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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longview-Kelso is a seller's market

Buyer's
Market

Difference Since November 2023

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

Key Takeaway

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

Housing Prices in Longview-Kelso, WA

How much do homes in Longview-Kelso, WA cost?

Median Sold Price

$368,340

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$8,665(+2.4%)

Key Takeaway

Homes in Longview-Kelso have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in Longview-Kelso was $368,340 in November 2024, up 2.4% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $225K$228K
+1.3%
2 $278.5K$289K
+3.8%
3 $366K$379.9K
+3.8%
4 $430K$450K
+4.7%
5+ $460K$450K
-2.2%

Summary: Longview-Kelso housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes increased by 3.8%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 4.7%, and 5+ bedroom homes decreased by 2.2%.

Median Sold Price Compared To Nearby Cities

Kelso
+4.2%
Longview-Kelso
+2.4%
Longview
+1.1%
Rose Valley
-3.8%

Housing Supply in Longview-Kelso, WA

How many homes are available in Longview-Kelso, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
470451-4.0%

Summary: The Longview-Kelso real estate market had 451 homes for sale in November 2024, a 4.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 1412
-14.3%
2 9997
-2.0%
3 223223
0.0%
4 10391
-11.7%
5+ 3128
-9.7%

Summary: The Longview-Kelso housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 9.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
10585-19.0%

Asking Price vs. Sold Price

28 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

26 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longview-Kelso, expect to pay close to the asking price. 36.5% of homes here sold near the asking price last month.

Summary: A total of 85 homes were sold or pending in Longview-Kelso in November 2024, down by 19.0% month-over-month. Of the 85 sold homes, 33% were sold under asking, 36% were sold at asking, and 31% were sold over asking.

Days on Market for Longview-Kelso, WA

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

Average Sale Time

Nov 2023Nov 2024CHANGE
39 Days43 Days+10.1%

Summary: Homes in Longview-Kelso had an average of 43 days on market in Nov 2024, up by 10.1% compared to last year.

Breakdown of Home Sale Times

45 Homes Were Sold
Under 30 Days

30 Homes Were Sold
In 30 - 90 Days

10 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 85 homes were sold in Longview-Kelso; 53% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 12% 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

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