Is East Longmeadow, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Longmeadow has remained a Seller's Market.
Housing Prices in East Longmeadow, MA
How much do homes in East Longmeadow, MA cost?
Median Sold Price
$370,000
$223/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Longmeadow was $370,000 in March 2024, up 2.8% from last year, and the median price per square foot was $223.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $303K | $297K | -2.0% |
3 Bedrooms | $335.7K | $357.4K | +6.5% |
4 Bedrooms | $400K | $470K | +17.5% |
5+ Bedrooms | $385K | $424K | +10.1% |
Summary: East Longmeadow housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 17.5%, and 5+ bedroom homes increased by 10.1%.
Median Sold Price Compared To Nearby Cities
Hampden | $345K | $400K | +15.9% |
Wilbraham | $400.9K | $432K | +7.7% |
Springfield | $262.7K | $282.1K | +7.4% |
East Longmeadow | $360K | $370K | +2.8% |
Housing Supply in East Longmeadow, MA
How many homes are available in East Longmeadow, MA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 24 | -17.2% |
Summary: The East Longmeadow real estate market had 24 homes for sale in March 2024, a 17.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 4 | -50.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The East Longmeadow housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 10 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in East Longmeadow in March 2024, the same as the previous month. Of the 10 sold homes, 40% were sold under asking, 0% were sold at asking, and 60% were sold over asking.
Days on Market for East Longmeadow, MA
How long does it take to sell a home in East Longmeadow, MA?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
33 Days | 15 Days | -54.5% |
Summary: Homes in East Longmeadow had an average of 15 days on market in Mar 2024, down by 54.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in East Longmeadow; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.