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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longbranch is a seller's market

Buyer's
Market

Difference Since September 2021

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

Key Takeaway

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

How much do homes in Longbranch, WA cost?

Median Sold Price

$515,000

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$100,000(+24.1%)

Key Takeaway

Homes in Longbranch have sold for 24.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $287K$299K
+4.2%
2 $415K$627.5K
+51.2%
3 $395K$530K
+34.2%
4 -$756K
N/A
5+ --
N/A

Median Sold Price Compared To Nearby Cities

Anderson Island
+25.9%
Longbranch
+24.1%
Key Peninsula-Anderson Island
+13.1%
Lakebay
+10.2%

How many homes are available in Longbranch, WA?

Number of Homes For Sale

Aug 2022Sep 2022%
1620+25.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 34
+33.3%
2 34
+33.3%
3 810
+25.0%
4 22
0.0%
5+ 00
0.0%

Number of Homes Sold

Aug 2022Sep 2022%
26+200.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longbranch, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Average Sale Time

Sep 2021Sep 2022%
23 Days43 Days+81.1%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Longbranch 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 Longbranch, WA

There are 20 homes are for sale in Longbranch, WA real estate market. In September 2022 in Longbranch, WA there were 25% more homes for sale than in August 2022. In September 2022 median list price was $515,000 and the average listing age was 43 days. Listing prices have changed in this real estate market between August 2022 and September 2022: the cost of 1 bedroom properties went up by 4.2%, the cost of 2 bedrooms properties went up by 51.2%, 3 bedrooms properties prices increased by 34.2%, prices of 4 bedrooms properties went up by 0%, prices of 5 bedrooms properties increased by 0%. Housing inventory have changed in this real estate market: number of 1 bedroom homes increased by 33.3%, 2 bedrooms homes became 33.3% more available, the quantity of 3 bedrooms homes went up by 25%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes did not move. While more than 3 listings in Longbranch, WA in September 2022 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below.

Related Housing Market Reports