$4,833 Closing Credit*
$407,000
1,700 SqFt
3 Beds
•2 Full Baths, 2 Partial
Collette Coyle Speidel, Listing Office: RE/MAX Nexus
Is Longmont, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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
$574,927
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$11,061(-1.9%)
Key Takeaway
Homes in Longmont have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Longmont was $574,927 in October 2024, down 1.9% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $300K | -7.7% |
| 2 Bedrooms | $452K | $448.7K | -0.7% |
| 3 Bedrooms | $547K | $540K | -1.3% |
| 4 Bedrooms | $657K | $630.1K | -4.1% |
| 5+ Bedrooms | $797.4K | $820K | +2.8% |
Summary: Longmont housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.7%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Johnstown-Milliken | $468.3K | $511.8K | +9.3% |
| Firestone | $565K | $585K | +3.5% |
| Erie-Frederick | $583.5K | $596.4K | +2.2% |
| Longmont | $585.9K | $574.9K | -1.9% |
Housing Supply in Longmont, CO
How many homes are available in Longmont, CO?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 615 | 670 | +8.9% |
Summary: The Longmont real estate market had 670 homes for sale in October 2024, a 8.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 9 | -18.2% |
| 2 Bedrooms | 82 | 99 | +20.7% |
| 3 Bedrooms | 229 | 248 | +8.3% |
| 4 Bedrooms | 195 | 206 | +5.6% |
| 5+ Bedrooms | 98 | 108 | +10.2% |
Summary: The Longmont housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 20.7%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 10.2%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 124 | 127 | +2.4% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
39 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Longmont, you may be able to get a good deal. 49.6% of homes here sold below asking price last month.
Summary: A total of 127 homes were sold or pending in Longmont in October 2024, up by 2.4% month-over-month. Of the 127 sold homes, 50% were sold under asking, 31% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 54 Days | 48 Days | -10.0% |
Summary: Homes in Longmont had an average of 48 days on market in Oct 2024, down by 10% compared to last year.
Breakdown of Home Sale Times
62 Homes Were Sold
Under 30 Days
46 Homes Were Sold
In 30 - 90 Days
19 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Longmont are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 127 homes were sold in Longmont; 49% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
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