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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northwest Longmont is a seller's market

Buyer's
Market

Difference Since March 2023

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

Key Takeaway

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

Housing Prices in Northwest Longmont, CO

How much do homes in Northwest Longmont, CO cost?

Median Sold Price

$625,000

$280/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$3,000(-0.5%)

Key Takeaway

The sold price of homes in Northwest Longmont has remained the same since last year.

Summary: The median home sold price in Northwest Longmont was $625,000 in March 2024, down 0.5% from last year, and the median price per square foot was $280.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $512K$563.7K
+10.1%
3 $560K$575K
+2.7%
4 $698.2K$636.5K
-8.8%
5+ $739K$710K
-3.9%

Summary: Northwest Longmont housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 3.9%.

Median Sold Price Compared To Nearby Neighborhoods

Northwest Longmont
-0.5%
Longmont Estates
-3.2%

Housing Supply in Northwest Longmont, CO

How many homes are available in Northwest Longmont, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
4149+19.5%

Summary: The Northwest Longmont real estate market had 49 homes for sale in March 2024, a 19.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 27
+250.0%
3 1210
-16.7%
4 1822
+22.2%
5+ 910
+11.1%

Summary: The Northwest Longmont housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 250%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 11.1%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
1119+72.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

4 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northwest Longmont, you may be able to get a good deal. 42.1% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Northwest Longmont in March 2024, up by 72.7% month-over-month. Of the 19 sold homes, 42% were sold under asking, 37% were sold at asking, and 21% were sold over asking.

Days on Market for Northwest Longmont, CO

How long does it take to sell a home in Northwest Longmont, CO?

Average Sale Time

Mar 2023Mar 2024CHANGE
52 Days31 Days-39.5%

Summary: Homes in Northwest Longmont had an average of 31 days on market in Mar 2024, down by 39.5% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During March 2024, 19 homes were sold in Northwest Longmont; 79% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 5% 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 19 Days Ago

Newest Listings in Northwest Longmont, CO

Nearby Markets to Northwest Longmont, CO