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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longmont is a seller's market

Buyer's
Market

Difference Since August 2023

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

Key Takeaway

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

Housing Prices in Longmont, CO

How much do homes in Longmont, CO cost?

Median Sold Price

$582,575

$301/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$2,425(-0.4%)

Key Takeaway

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

Summary: The median home sold price in Longmont was $582,575 in August 2024, down 0.4% from last year, and the median price per square foot was $301.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $315K$329.2K
+4.5%
2 $452K$451.5K
-0.1%
3 $537.2K$545.7K
+1.6%
4 $655.9K$637.5K
-2.8%
5+ $770K$850K
+10.4%

Summary: Longmont housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.5%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes decreased by 2.8%, and 5+ bedroom homes increased by 10.4%.

Median Sold Price Compared To Nearby Cities

Johnstown-Milliken
+8.5%
Firestone
+4.4%
Erie-Frederick
0.5%
Longmont
-0.4%

Housing Supply in Longmont, CO

How many homes are available in Longmont, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
619663+7.1%

Summary: The Longmont real estate market had 663 homes for sale in August 2024, a 7.1% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 1011
+10.0%
2 103105
+1.9%
3 212228
+7.5%
4 191201
+5.2%
5+ 103118
+14.6%

Summary: The Longmont housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 7.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 14.6%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
132137+3.8%

Asking Price vs. Sold Price

69 Homes Were Sold
Under Asking

44 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longmont, you may be able to get a good deal. 50.4% of homes here sold below asking price last month.

Summary: A total of 137 homes were sold or pending in Longmont in August 2024, up by 3.8% month-over-month. Of the 137 sold homes, 50% were sold under asking, 32% were sold at asking, and 18% were sold over asking.

Days on Market for Longmont, CO

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

Average Sale Time

Aug 2023Aug 2024CHANGE
26 Days45 Days+69.7%

Summary: Homes in Longmont had an average of 45 days on market in Aug 2024, up by 69.7% compared to last year.

Breakdown of Home Sale Times

81 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

17 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During August 2024, 137 homes were sold in Longmont; 59% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 12% 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 9 Days Ago

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