$5,047 Closing Credit*
$425,000
2,411 SqFt
4 Beds
•1 Full Bath, 1 Partial
#73289434, Tracie Dagostino, Listing Office: NRG Real Estate Services, Inc.
Is Longmeadow, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2023
Since last year, Longmeadow has remained a Seller's Market.
Key Takeaway
Longmeadow is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Longmeadow, MA
How much do homes in Longmeadow, MA cost?
Median Sold Price
$466,500
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2023
+$1,500(+0.3%)
Key Takeaway
The sold price of homes in Longmeadow has remained the same since last year.
Summary: The median home sold price in Longmeadow was $466,500 in August 2024, up 0.3% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $334K | +2.8% |
| 3 Bedrooms | $416.3K | $425K | +2.1% |
| 4 Bedrooms | $504.4K | $518K | +2.7% |
| 5+ Bedrooms | $600K | $642.5K | +7.1% |
Summary: Longmeadow housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 7.1%.
Median Sold Price Compared To Nearby Cities
| Enfield | $260.5K | $290K | +11.3% |
| Agawam | $280K | $305K | +8.9% |
| Agawam Town | $305K | $325K | +6.6% |
| East Longmeadow | $367.9K | $375K | +1.9% |
| Longmeadow | $465K | $466.5K | 0.3% |
Housing Supply in Longmeadow, MA
How many homes are available in Longmeadow, MA?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 71 | 62 | -12.7% |
Summary: The Longmeadow real estate market had 62 homes for sale in August 2024, a 12.7% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 22 | 21 | -4.5% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 14 | 10 | -28.6% |
Summary: The Longmeadow housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes decreased by 28.6%.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longmeadow, you could pay more than the asking price. 54.5% of homes here sold above asking price last month.
Summary: A total of 22 homes were sold or pending in Longmeadow in August 2024, down by 4.3% month-over-month. Of the 22 sold homes, 36% were sold under asking, 9% were sold at asking, and 55% were sold over asking.
Days on Market for Longmeadow, MA
How long does it take to sell a home in Longmeadow, MA?
Average Sale Time
| Aug 2023 | Aug 2024 | CHANGE |
|---|---|---|
| 33 Days | 30 Days | -9.8% |
Summary: Homes in Longmeadow had an average of 30 days on market in Aug 2024, down by 9.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Longmeadow are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 22 homes were sold in Longmeadow; 59% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
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