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 November 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

$574,917

$299/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$16,438(-2.8%)

Key Takeaway

Homes in Longmont have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in Longmont was $574,917 in November 2024, down 2.8% from last year, and the median price per square foot was $299.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $335K$282.2K
-15.8%
2 $450.5K$449K
-0.3%
3 $550K$539.8K
-1.8%
4 $655.1K$629.7K
-3.9%
5+ $828K$806.5K
-2.6%

Summary: Longmont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.8%, 2 bedroom homes decreased by 0.3%, 3 bedroom homes decreased by 1.8%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes decreased by 2.6%.

Median Sold Price Compared To Nearby Cities

Johnstown-Milliken
+10.0%
Firestone
+4.3%
Erie-Frederick
+1.5%
Longmont
-2.8%

Housing Supply in Longmont, CO

How many homes are available in Longmont, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
624588-5.8%

Summary: The Longmont real estate market had 588 homes for sale in November 2024, a 5.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 712
+71.4%
2 9686
-10.4%
3 227216
-4.8%
4 198182
-8.1%
5+ 9692
-4.2%

Summary: The Longmont housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 71.4%, 2 bedroom homes decreased by 10.4%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 4.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
134114-14.9%

Asking Price vs. Sold Price

61 Homes Were Sold
Under Asking

31 Homes Were Sold
At Asking

22 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. 53.5% of homes here sold below asking price last month.

Summary: A total of 114 homes were sold or pending in Longmont in November 2024, down by 14.9% month-over-month. Of the 114 sold homes, 54% were sold under asking, 27% were sold at asking, and 19% 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

Nov 2023Nov 2024CHANGE
41 Days41 Days0.0%

Summary: Homes in Longmont had an average of 41 days on market in Nov 2024, up by 0% compared to last year.

Breakdown of Home Sale Times

57 Homes Were Sold
Under 30 Days

45 Homes Were Sold
In 30 - 90 Days

12 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 November 2024, 114 homes were sold in Longmont; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% 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 17 Days Ago

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