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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New North Longmont is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

-$5,000(-0.8%)

Key Takeaway

Homes in New North Longmont have sold for 0.8% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $317.5K$329.2K
+3.7%
2 $395K$430K
+8.9%
3 $590K$520K
-11.9%
4 $644K$672.5K
+4.4%
5+ $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
+1.1%
New North Longmont
-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 2024Apr 2024CHANGE
4759+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

# BEDSMar 2024Apr 2024CHANGE
1 54
-20.0%
2 1719
+11.8%
3 1318
+38.5%
4 48
+100.0%
5+ 810
+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 2024Apr 2024CHANGE
514+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New North Longmont, you may be able to get a good deal. 50% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
59 Days42 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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 New North Longmont, CO

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