Is Longview-Kelso, WA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longview-Kelso is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Longview-Kelso has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Longview-Kelso, WA

How much do homes in Longview-Kelso, WA cost?

Median Sold Price

$360,078

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$4,995(+1.4%)

Key Takeaway

Homes in Longview-Kelso have sold for 1.4% more than they did a year ago.

Summary: The median home sold price in Longview-Kelso was $360,078 in April 2024, up 1.4% from last year, and the median price per square foot was $252.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $207K$240K
+15.9%
2 $278.1K$283.2K
+1.8%
3 $362.3K$370K
+2.1%
4 $425.3K$449K
+5.6%
5+ $479.9K$461.6K
-3.8%

Summary: Longview-Kelso housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.9%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes decreased by 3.8%.

Median Sold Price Compared To Nearby Cities

Rose Valley
+14.0%
Kelso
+12.3%
Longview
+3.3%
Longview-Kelso
+1.4%

Housing Supply in Longview-Kelso, WA

How many homes are available in Longview-Kelso, WA?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
371353-4.9%

Summary: The Longview-Kelso real estate market had 353 homes for sale in April 2024, a 4.9% decrease compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 97
-22.2%
2 8676
-11.6%
3 174157
-9.8%
4 9094
+4.4%
5+ 1219
+58.3%

Summary: The Longview-Kelso housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 22.2%, 2 bedroom homes decreased by 11.6%, 3 bedroom homes decreased by 9.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 58.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
118111-5.9%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

29 Homes Were Sold
At Asking

48 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longview-Kelso, you could pay more than the asking price. 43.2% of homes here sold above asking price last month.

Summary: A total of 111 homes were sold or pending in Longview-Kelso in April 2024, down by 5.9% month-over-month. Of the 111 sold homes, 31% were sold under asking, 26% were sold at asking, and 43% were sold over asking.

Days on Market for Longview-Kelso, WA

How long does it take to sell a home in Longview-Kelso, WA?

Average Sale Time

Apr 2023Apr 2024CHANGE
35 Days41 Days+17.9%

Summary: Homes in Longview-Kelso had an average of 41 days on market in Apr 2024, up by 17.9% compared to last year.

Breakdown of Home Sale Times

76 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During April 2024, 111 homes were sold in Longview-Kelso; 68% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 17% 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 1 Day Ago

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