Is New North Longmont, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, New North Longmont has remained a Seller's Market.
Housing Prices in New North Longmont, CO
How much do homes in New North Longmont, CO cost?
Median Sold Price
$620,000
$261/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New North Longmont was $620,000 in April 2024, down 0.8% from last year, and the median price per square foot was $261.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $317.5K | $329.2K | +3.7% |
2 Bedrooms | $395K | $430K | +8.9% |
3 Bedrooms | $590K | $520K | -11.9% |
4 Bedrooms | $644K | $672.5K | +4.4% |
5+ Bedrooms | $785K | $755K | -3.8% |
Summary: New North Longmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.7%, 2 bedroom homes increased by 8.9%, 3 bedroom homes decreased by 11.9%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
Spring Valley | $702K | $710K | +1.1% |
New North Longmont | $625K | $620K | -0.8% |
Housing Supply in New North Longmont, CO
How many homes are available in New North Longmont, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
47 | 59 | +25.5% |
Summary: The New North Longmont real estate market had 59 homes for sale in April 2024, a 25.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 4 | 8 | +100.0% |
5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The New North Longmont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 14 | +180.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in New North Longmont in April 2024, up by 180.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 36% were sold at asking, and 14% were sold over asking.
Days on Market for New North Longmont, CO
How long does it take to sell a home in New North Longmont, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 42 Days | -29.5% |
Summary: Homes in New North Longmont had an average of 42 days on market in Apr 2024, down by 29.5% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in New North Longmont; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.