Is Longmeadow, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longmeadow is a seller's market

Buyer's
Market

Difference Since November 2021

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.

How much do homes in Longmeadow, MA cost?

Median Sold Price

$430,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$45,000(+11.7%)

Key Takeaway

Homes in Longmeadow have sold for 11.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $226K-
N/A
2 $285K$312K
+9.5%
3 $355K$380.5K
+7.2%
4 $425K$536.5K
+26.2%
5+ $525K$622.7K
+18.6%

Median Sold Price Compared To Nearby Cities

Enfield
+12.3%
Longmeadow
+11.7%
East Longmeadow
+9.4%
Agawam Town
+5.9%
Agawam
+3.0%

How many homes are available in Longmeadow, MA?

Number of Homes For Sale

Oct 2022Nov 2022%
5545-18.2%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 85
-37.5%
3 2221
-4.5%
4 1712
-29.4%
5+ 87
-12.5%

Number of Homes Sold

Oct 2022Nov 2022%
1912-36.8%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longmeadow, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Average Sale Time

Nov 2021Nov 2022%
31 Days29 Days-6.8%

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Longmeadow, MA

Longmeadow, MA has 45 homes for sale to choose from. Between October 2022 and November 2022, Longmeadow, MA real estate market has seen decrease in the number of listings by 18.2%. While the average time on the market in November 2022 was 29 days, the median list price was $430,000. Real estate listing prices changed between October 2022 and November 2022: 1 bedroom properties became 0% more expensive, the cost of 2 bedrooms properties went up by 9.5%, prices of 3 bedrooms properties increased by 7.2%, 4 bedrooms properties became 26.2% more expensive, the cost of 5 bedrooms properties went up by 18.6%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory decreased by 37.5%, number of 3 bedrooms homes decreased by 4.5%, volume of 4 bedrooms homes went down by 29.4%, volume of 5 bedrooms homes went down by 12.5%. Over 10 listings were sold over their listed price in November 2022 in Longmeadow, MA. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price.

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