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 April 2023

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.

Housing Prices in Longbranch, WA

How much do homes in Longbranch, WA cost?

Median Sold Price

$649,950

$328/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$154,950(+31.3%)

Key Takeaway

Homes in Longbranch have sold for 31.3% more than they did a year ago.

Summary: The median home sold price in Longbranch was $649,950 in April 2024, up 31.3% from last year, and the median price per square foot was $328.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $299K$550K
+83.9%
2 $645K$580K
-10.1%
3 $530K$697.5K
+31.6%
4 $516.5K$637.4K
+23.4%
5+ --
N/A

Summary: Longbranch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 83.9%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 31.6%, 4 bedroom homes increased by 23.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Longbranch
+31.3%
Lakebay
-2.4%
Key Peninsula-Anderson Island
-3.7%

Housing Supply in Longbranch, WA

How many homes are available in Longbranch, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
56+20.0%

Summary: The Longbranch real estate market had 6 homes for sale in April 2024, a 20.0% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 01
+100.0%
2 00
0.0%
3 33
0.0%
4 22
0.0%
5+ 00
0.0%

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

Number of Homes Sold

Mar 2024Apr 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longbranch, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Longbranch in April 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Longbranch, WA

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

Average Sale Time

Apr 2023Apr 2024CHANGE
56 Days23 Days-59.5%

Summary: Homes in Longbranch had an average of 23 days on market in Apr 2024, down by 59.5% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were 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.

Summary: During April 2024, 2 homes were sold in Longbranch; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 14 Days Ago

Newest Listings in Longbranch, WA

Nearby Markets to Longbranch, WA

What housing markets are near Longbranch, WA?