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 May 2023
Since last year, North Half of Southwest Longmont has remained a Seller'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
$541,740
$310/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Half of Southwest Longmont was $541,740 in May 2024, down 4.1% from last year, and the median price per square foot was $310.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $212.5K | $307.8K | +44.9% |
2 Bedrooms | $382.5K | $400K | +4.6% |
3 Bedrooms | $573.5K | $568.9K | -0.8% |
4 Bedrooms | $690.5K | $622.5K | -9.8% |
5+ Bedrooms | $720K | $850K | +18.1% |
Summary: North Half of Southwest Longmont housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 44.9%, 2 bedroom homes increased by 4.6%, 3 bedroom homes decreased by 0.8%, 4 bedroom homes decreased by 9.8%, and 5+ bedroom homes increased by 18.1%.
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
Apr 2024 | May 2024 | CHANGE |
---|---|---|
53 | 69 | +30.2% |
Summary: The North Half of Southwest Longmont real estate market had 69 homes for sale in May 2024, a 30.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 17 | 12 | -29.4% |
3 Bedrooms | 16 | 27 | +68.8% |
4 Bedrooms | 11 | 16 | +45.5% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The North Half of Southwest Longmont housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 29.4%, 3 bedroom homes increased by 68.8%, 4 bedroom homes increased by 45.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 14 | +7.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in North Half of Southwest Longmont in May 2024, up by 7.7% month-over-month. Of the 14 sold homes, 64% were sold under asking, 21% were sold at asking, and 14% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
118 Days | 56 Days | -52.6% |
Summary: Homes in North Half of Southwest Longmont had an average of 56 days on market in May 2024, down by 52.6% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 14 homes were sold in North Half of Southwest Longmont; 29% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.