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 May 2023

Since last year, North Half of Southwest Longmont has remained a Seller'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

$541,740

$310/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

-$23,249(-4.1%)

Key Takeaway

Homes in North Half of Southwest Longmont have sold for 4.1% less than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $212.5K$307.8K
+44.9%
2 $382.5K$400K
+4.6%
3 $573.5K$568.9K
-0.8%
4 $690.5K$622.5K
-9.8%
5+ $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 2024May 2024CHANGE
5369+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

# BEDSApr 2024May 2024CHANGE
1 35
+66.7%
2 1712
-29.4%
3 1627
+68.8%
4 1116
+45.5%
5+ 69
+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 2024May 2024CHANGE
1314+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Half of Southwest Longmont, you may be able to get a good deal. 64.3% of homes here sold below asking price last month.

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 2023May 2024CHANGE
118 Days56 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

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 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.

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

Report Updated 13 Days Ago

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