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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Longview is a buyer's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in West Longview, WA

How much do homes in West Longview, WA cost?

Median Sold Price

$398,500

$247/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$36,825(-8.5%)

Key Takeaway

Homes in West Longview have sold for 8.5% less than they did a year ago.

Summary: The median home sold price in West Longview was $398,500 in October 2024, down 8.5% from last year, and the median price per square foot was $247.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $353.7K$348K
-1.6%
3 $414K$399.2K
-3.6%
4 $472K$459.9K
-2.6%
5+ $473.6K$436.1K
-7.9%

Summary: West Longview housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 7.9%.

Housing Supply in West Longview, WA

How many homes are available in West Longview, WA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4148+17.1%

Summary: The West Longview real estate market had 48 homes for sale in October 2024, a 17.1% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1010
0.0%
3 2226
+18.2%
4 78
+14.3%
5+ 24
+100.0%

Summary: The West Longview housing inventory by bedroom type for October 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 18.2%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
76-14.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Longview, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in West Longview in October 2024, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% were sold over asking.

Days on Market for West Longview, WA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
37 Days23 Days-37.0%

Summary: Homes in West Longview had an average of 23 days on market in Oct 2024, down by 37% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 6 homes were sold in West Longview; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 23 Days Ago

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