Is 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, Longmont has remained a Seller's Market.
Housing Prices in Longmont, CO
How much do homes in Longmont, CO cost?
Median Sold Price
$585,575
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Longmont was $585,575 in April 2024, down 0.7% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $325K | +1.6% |
2 Bedrooms | $452K | $450K | -0.4% |
3 Bedrooms | $545.7K | $544.8K | -0.2% |
4 Bedrooms | $663.4K | $640K | -3.5% |
5+ Bedrooms | $785K | $835K | +6.4% |
Summary: Longmont housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes decreased by 0.4%, 3 bedroom homes decreased by 0.2%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Johnstown-Milliken | $477.1K | $500K | +4.8% |
Firestone | $560K | $580K | +3.6% |
Erie-Frederick | $600K | $597.5K | -0.4% |
Longmont | $589.8K | $585.5K | -0.7% |
Housing Supply in Longmont, CO
How many homes are available in Longmont, CO?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
442 | 536 | +21.3% |
Summary: The Longmont real estate market had 536 homes for sale in April 2024, a 21.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 88 | 97 | +10.2% |
3 Bedrooms | 154 | 187 | +21.4% |
4 Bedrooms | 117 | 160 | +36.8% |
5+ Bedrooms | 73 | 79 | +8.2% |
Summary: The Longmont housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 10.2%, 3 bedroom homes increased by 21.4%, 4 bedroom homes increased by 36.8%, and 5+ bedroom homes increased by 8.2%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
92 | 131 | +42.4% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
35 Homes Were Sold
At Asking
41 Homes Were Sold
Over Asking
Summary: A total of 131 homes were sold or pending in Longmont in April 2024, up by 42.4% month-over-month. Of the 131 sold homes, 42% were sold under asking, 27% were sold at asking, and 31% were sold over asking.
Days on Market for Longmont, CO
How long does it take to sell a home in Longmont, CO?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 64 Days | +9.0% |
Summary: Homes in Longmont had an average of 64 days on market in Apr 2024, up by 9% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 131 homes were sold in Longmont; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.