Is East Longmont, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Longmont is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

Housing Prices in East Longmont, CO

How much do homes in East Longmont, CO cost?

Median Sold Price

$512,000

$296/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$2,000(+0.4%)

Key Takeaway

The sold price of homes in East Longmont has remained the same since last year.

Summary: The median home sold price in East Longmont was $512,000 in April 2024, up 0.4% from last year, and the median price per square foot was $296.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $175K$185.3K
+5.9%
2 $427.5K$425K
-0.6%
3 $495K$509K
+2.8%
4 $540K$541.5K
0.3%
5+ $635K$650K
+2.4%

Summary: East Longmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.9%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 2.4%.

Median Sold Price Compared To Nearby Neighborhoods

Hilltop Village
+11.2%
East Longmont
0.4%

Housing Supply in East Longmont, CO

How many homes are available in East Longmont, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
4958+18.4%

Summary: The East Longmont real estate market had 58 homes for sale in April 2024, a 18.4% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 00
0.0%
2 54
-20.0%
3 2421
-12.5%
4 1627
+68.8%
5+ 46
+50.0%

Summary: The East Longmont 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 decreased by 20%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes increased by 68.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
1613-18.8%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Longmont, 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 East Longmont in April 2024, down by 18.8% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.

Days on Market for East Longmont, CO

How long does it take to sell a home in East Longmont, CO?

Average Sale Time

Apr 2023Apr 2024CHANGE
40 Days26 Days-34.9%

Summary: Homes in East Longmont had an average of 26 days on market in Apr 2024, down by 34.9% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in East Longmont are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 13 homes were sold in East Longmont; 62% of homes were sold within 30 days, 38% 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 16 Days Ago

Newest Listings in East Longmont, CO

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