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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Longmont is a seller's market

Buyer's
Market

Difference Since April 2023

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

Key Takeaway

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

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

-$4,267(-0.7%)

Key Takeaway

Homes in Longmont have sold for 0.7% less than they did a year ago.

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

# BEDSApr 2023Apr 2024CHANGE
1 $320K$325K
+1.6%
2 $452K$450K
-0.4%
3 $545.7K$544.8K
-0.2%
4 $663.4K$640K
-3.5%
5+ $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
+4.8%
Firestone
+3.6%
Erie-Frederick
-0.4%
Longmont
-0.7%

Housing Supply in Longmont, CO

How many homes are available in Longmont, CO?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
442536+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

# BEDSMar 2024Apr 2024CHANGE
1 1013
+30.0%
2 8897
+10.2%
3 154187
+21.4%
4 117160
+36.8%
5+ 7379
+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 2024Apr 2024CHANGE
92131+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Longmont, you may be able to get a good deal. 42% of homes here sold below asking price last month.

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 2023Apr 2024CHANGE
59 Days64 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

Breakdown of Home Sale Times

Key Takeaway

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

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.

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

Report Updated 2 Days Ago

Newest Listings in Longmont, CO

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