Is Longmeadow, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$463,250
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
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 $463,250 in April 2024, down 0.4% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $325K | $312K | -4.0% |
| 3 Bedrooms | $402.5K | $416.3K | +3.4% |
| 4 Bedrooms | $545K | $500K | -8.3% |
| 5+ Bedrooms | $622.7K | $586.8K | -5.8% |
Summary: Longmeadow housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 3.4%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes decreased by 5.8%.
Median Sold Price Compared To Nearby Cities
| Agawam | $270K | $301K | +11.5% |
| Agawam Town | $297K | $323.3K | +8.9% |
| Enfield | $259.6K | $280.5K | +8.0% |
| East Longmeadow | $360K | $370K | +2.8% |
| Longmeadow | $465K | $463.2K | -0.4% |
Housing Supply in Longmeadow, MA
How many homes are available in Longmeadow, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 39 | 48 | +23.1% |
Summary: The Longmeadow real estate market had 48 homes for sale in April 2024, a 23.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 18 | 24 | +33.3% |
| 4 Bedrooms | 10 | 13 | +30.0% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Longmeadow housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 30%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 12 | 13 | +8.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longmeadow, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Longmeadow in April 2024, up by 8.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 46 Days | 33 Days | -28.3% |
Summary: Homes in Longmeadow had an average of 33 days on market in Apr 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 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 April 2024, 13 homes were sold in Longmeadow; 62% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
