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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Longmont is a buyer's market

Buyer's
Market

Difference Since September 2023

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

Key Takeaway

North Longmont is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in North Longmont, CO

How much do homes in North Longmont, CO cost?

Median Sold Price

$545,500

$316/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$45,500(+9.1%)

Key Takeaway

Homes in North Longmont have sold for 9.1% more than they did a year ago.

Summary: The median home sold price in North Longmont was $545,500 in September 2024, up 9.1% from last year, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 --
N/A
2 $455K$458K
+0.7%
3 $502K$547.7K
+9.1%
4 $550K$565K
+2.7%
5+ $555K$659.5K
+18.8%

Summary: North Longmont housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 18.8%.

Median Sold Price Compared To Nearby Neighborhoods

North Longmont
+9.1%
Longmont Land Co.
+3.0%

Housing Supply in North Longmont, CO

How many homes are available in North Longmont, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3937-5.1%

Summary: The North Longmont real estate market had 37 homes for sale in September 2024, a 5.1% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 109
-10.0%
3 1717
0.0%
4 67
+16.7%
5+ 64
-33.3%

Summary: The North Longmont housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
164-75.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in North Longmont, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in North Longmont in September 2024, down by 75.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for North Longmont, CO

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

Average Sale Time

Sep 2023Sep 2024CHANGE
100 Days24 Days-76.0%

Summary: Homes in North Longmont had an average of 24 days on market in Sep 2024, down by 76% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in North Longmont are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 4 homes were sold in North Longmont; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% 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

Newest Listings in North Longmont, CO

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