Is North Half of Southwest Longmont, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Half of Southwest Longmont was a Buyer's Market.
Housing Prices in North Half of Southwest Longmont, CO
How much do homes in North Half of Southwest Longmont, CO cost?
Median Sold Price
$567,495
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $210K | $233K | +11.0% |
2 Bedrooms | $380K | $390.5K | +2.8% |
3 Bedrooms | $559.9K | $552.5K | -1.3% |
4 Bedrooms | $682K | $625K | -8.4% |
5+ Bedrooms | $725K | $825K | +13.8% |
Summary: North Half of Southwest Longmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11%, 2 bedroom homes increased by 2.8%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes increased by 13.8%.
Housing Supply in North Half of Southwest Longmont, CO
How many homes are available in North Half of Southwest Longmont, CO?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 43 | +7.5% |
Summary: The North Half of Southwest Longmont real estate market had 43 homes for sale in March 2024, a 7.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 19 | 18 | -5.3% |
3 Bedrooms | 6 | 6 | 0.0% |
4 Bedrooms | 4 | 7 | +75.0% |
5+ Bedrooms | 10 | 10 | 0.0% |
Summary: The North Half of Southwest Longmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 14 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in North Half of Southwest Longmont in March 2024, up by 100.0% month-over-month. Of the 14 sold homes, 21% were sold under asking, 29% were sold at asking, and 50% were sold over asking.
Days on Market for North Half of Southwest Longmont, CO
How long does it take to sell a home in North Half of Southwest Longmont, CO?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
147 Days | 148 Days | +0.9% |
Summary: Homes in North Half of Southwest Longmont had an average of 148 days on market in Mar 2024, up by 0.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in North Half of Southwest Longmont; 14% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.