Parties to the 2015 Paris Agreement agreed to limit the long-term increase in global average temperature to well below 2 °C and pursue efforts to keep temperatures below 1.5 °C relative to pre-industrial levels. As the world is fast approaching the 1.5 °C warming level on a sustained basis, and with 2024 likely the first year that was over 1.5 °C warmer than 1850-1900, there is ever increasing interest in how we will know whether and when 1.5 °C warming since pre-industrial has been reached or exceeded with respect to a long-term average. This paper represents a comprehensive community methodological overview, building on the IPCC 6th assessment. It explains why there is no straightforward answer and proposes clear and reasoned ways forward. Existing challenges are as follows. Firstly, the Paris Agreement text contains definitional ambiguities around 'pre-industrial', 'global average temperature', whether the assessment should be on realised or long-term human-induced warming, and over what time frame the long-term temperature goal applies. Then, there are intrinsic limitations of observational records which get more uncertain further back in time due to data sparsity and measurement heterogeneity. Finally, in a non-stationary climate, multidecadal mean indicators of global temperature change will either lag behind the change or must rely on expected future temperature changes (based on extrapolation, initialized predictions, or scenario-based and constrained projections). Our analysis shows that knowing 'whether we are there yet' is a multifaceted and inherently probabilistic problem that includes information on the definition of a specific level of global warming, temperature changes over multiple timescales, and also potentially includes unpacking the attribution of human-caused changes from observed variations. Given the policy relevance of understanding where the world stands relative to 1.5 °C, or any other level of global warming since pre-industrial, there are a number of practical steps which could be taken to increase specificity in answering this critical question in a timely manner, and inform future monitoring and assessment activities. This paper reviews a broad range of approaches, identifies the most pragmatic, robust and transparent, and clarifies requirements for use in real time including how to handle and represent remaining uncertainties. We show that it is possible by combining lines of evidence and several methodologies to estimate the present long-term warming level without delay in a manner that is robust both in retrospective validation of crossing past warming levels and, critically, to divergent warming futures including potential wildcard impacts of large volcanoes which can mask underlying warming for several years. Results are benchmarked against historical exceedances of 0.5 °C and 1 °C warming. Long-term warming as assessed using the approaches developed herein and data up to and including 2024 stands at 1.40 [1.23–1.58] °C, and underlying human-caused warming stands at 1.34 [1.18–1.50] °C. In IPCC quantified likelihood language this means that it was<em> unlikely</em> that long-term realised warming had exceeded 1.5 °C by the end of 2024 and <em>very unlikely </em>that human-induced warming had exceeded 1.5 °C.