Is Langley, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Langley is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Langley has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Langley, WA

How much do homes in Langley, WA cost?

Median Sold Price

$838,888

$426/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$58,888(+7.5%)

Key Takeaway

Homes in Langley have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Langley was $838,888 in May 2024, up 7.5% from last year, and the median price per square foot was $426.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $580K$788K
+35.9%
2 $660K$845K
+28.0%
3 $857.5K$815K
-5.0%
4 $785K$985K
+25.5%
5+ $525K$875K
+66.7%

Summary: Langley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 35.9%, 2 bedroom homes increased by 28%, 3 bedroom homes decreased by 5%, 4 bedroom homes increased by 25.5%, and 5+ bedroom homes increased by 66.7%.

Median Sold Price Compared To Nearby Cities

Langley
+7.5%
South Whidbey Island
+5.1%

Housing Supply in Langley, WA

How many homes are available in Langley, WA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4045+12.5%

Summary: The Langley real estate market had 45 homes for sale in May 2024, a 12.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 44
0.0%
2 1317
+30.8%
3 2123
+9.5%
4 11
0.0%
5+ 10
-100.0%

Summary: The Langley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Apr 2024May 2024CHANGE
311+266.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Langley, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Langley in May 2024, up by 266.7% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.

Days on Market for Langley, WA

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

Average Sale Time

May 2023May 2024CHANGE
31 Days54 Days+76.7%

Summary: Homes in Langley had an average of 54 days on market in May 2024, up by 76.7% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 11 homes were sold in Langley; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% 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 13 Days Ago

Newest Listings in Langley, WA

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