Is Longmont, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$584,502
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
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 $584,502 in March 2024, down 0.1% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $300K | -15.5% |
| 2 Bedrooms | $450K | $450K | 0.0% |
| 3 Bedrooms | $540.1K | $538.7K | -0.3% |
| 4 Bedrooms | $663.2K | $625K | -5.8% |
| 5+ Bedrooms | $763K | $799.9K | +4.8% |
Summary: Longmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.5%, 2 bedroom homes did not change, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 5.8%, and 5+ bedroom homes increased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Johnstown-Milliken | $499.5K | $514.9K | +3.1% |
| Firestone | $568K | $575K | +1.2% |
| Longmont | $585K | $584.5K | -0.1% |
| Erie-Frederick | $595K | $590.3K | -0.8% |
Housing Supply in Longmont, CO
How many homes are available in Longmont, CO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 489 | 558 | +14.1% |
Summary: The Longmont real estate market had 558 homes for sale in March 2024, a 14.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 10 | +42.9% |
| 2 Bedrooms | 85 | 101 | +18.8% |
| 3 Bedrooms | 179 | 187 | +4.5% |
| 4 Bedrooms | 142 | 166 | +16.9% |
| 5+ Bedrooms | 76 | 94 | +23.7% |
Summary: The Longmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 18.8%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 16.9%, and 5+ bedroom homes increased by 23.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 126 | 128 | +1.6% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
40 Homes Were Sold
At Asking
40 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longmont, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 128 homes were sold or pending in Longmont in March 2024, up by 1.6% month-over-month. Of the 128 sold homes, 38% were sold under asking, 31% were sold at asking, and 31% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 49 Days | 60 Days | +21.6% |
Summary: Homes in Longmont had an average of 60 days on market in Mar 2024, up by 21.6% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
42 Homes Were Sold
In 30 - 90 Days
24 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Longmont are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 128 homes were sold in Longmont; 48% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
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