Is North Half of Southwest Longmont, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Half of Southwest Longmont is a 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.

Key Takeaway

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

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

-$5(0%)

Key Takeaway

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

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 $210K$233K
+11.0%
2 $380K$390.5K
+2.8%
3 $559.9K$552.5K
-1.3%
4 $682K$625K
-8.4%
5+ $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 2024Mar 2024CHANGE
4043+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

# BEDSFeb 2024Mar 2024CHANGE
1 12
+100.0%
2 1918
-5.3%
3 66
0.0%
4 47
+75.0%
5+ 1010
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 2024Mar 2024CHANGE
714+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Half of Southwest Longmont, you could pay more than the asking price. 50% of homes here sold above asking price last month.

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 2023Mar 2024CHANGE
147 Days148 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in North Half of Southwest Longmont has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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