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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New North Longmont is a seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, New North Longmont was a Buyer's Market.

Key Takeaway

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

Housing Prices in New North Longmont, CO

How much do homes in New North Longmont, CO cost?

Median Sold Price

$560,000

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$60,000(-9.7%)

Key Takeaway

Homes in New North Longmont have sold for 9.7% less than they did a year ago.

Summary: The median home sold price in New North Longmont was $560,000 in November 2024, down 9.7% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $325K$329.2K
+1.3%
2 $423K$420K
-0.7%
3 $539.4K$500.7K
-7.2%
4 $646.5K$666.2K
+3.1%
5+ $762.5K$735K
-3.6%

Summary: New North Longmont housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.3%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes increased by 3.1%, and 5+ bedroom homes decreased by 3.6%.

Median Sold Price Compared To Nearby Neighborhoods

New North Longmont
-9.7%
Spring Valley
-18.0%

Housing Supply in New North Longmont, CO

How many homes are available in New North Longmont, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8081+1.3%

Summary: The New North Longmont real estate market had 81 homes for sale in November 2024, a 1.3% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 23
+50.0%
2 1819
+5.6%
3 1921
+10.5%
4 2219
-13.6%
5+ 1919
0.0%

Summary: The New North Longmont housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 10.5%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
918+100.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New North Longmont, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in New North Longmont in November 2024, up by 100.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.

Days on Market for New North Longmont, CO

How long does it take to sell a home in New North Longmont, CO?

Average Sale Time

Nov 2023Nov 2024CHANGE
24 Days65 Days+171.5%

Summary: Homes in New North Longmont had an average of 65 days on market in Nov 2024, up by 171.5% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in New North Longmont has remained consistent over time.

Summary: During November 2024, 18 homes were sold in New North Longmont; 22% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 28% 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 21 Days Ago

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